Connett v. City of Jerseyville

SPARKS, Circuit Judge.

The questions here presented involve appellants’ alleged right to require appellee to increase its whter rates in order to pay certificates of indebtedness held by appellants, subsequently reduced to judgment in foreclosure, which certificates were issued and sold by appellee to pay for the purchase and Construction of its water plant.

The facts out of which the controversy arises are substantially as follows: Prior to 1923, the city of Jerseyville, Illinois, was without adequate fire protection and water supply system, and the safety, health and welfare of its…