Kiefer v. City of Idaho Falls

Idaho Falls entered into a contract with the Layne-Bowler Company of Chicago whereby the latter was to drill a well and furnish a pump producing not less than 600 gallons of water per minute. The company was to be paid $39 per gallon for the first 600 gallons and $35 per gallon for all in excess of that amount; or, at the option of the city, the city and the company were to operate the well jointly, the company taking title to all the water produced in excess of 600 gallons which it would lease to the city at an agreed rental over a period of thirty years. At the end of that time the city…