St. Regis Paper Co. v. New Hampshire Water Resources Board

The legislation creating the State Water Resources Board provides for a state enterprise to be undertaken with some application of the law of private relations. But the State’s interest is dominant and controlling, and rules of private law govern only in certain respects the manner of financing, establishing, constructing and maintaining a project. It was evidently thought that as a means to an end projects within the Board’s authority might be better undertaken, developed and operated, not by private parties, but on a basis of private relationships to the extent prescribed by the…