Spring Brook Water Co. v. Village of Hudson Falls

This is a submitted controversy upon agreed facts pursuant to the provisions of sections 546-548 of the Civil Practice Act. Plaintiff is a domestic corporation and defendant a municipal corporation.

On November 1, 1943, plaintiff and defendant entered into an agreement in writing by the terms of which plaintiff agreed to sell to defendant its water system in the village of Hudson Falls, N. Y., and defendant agreed to purchase the same. The contract contains a condition that it is subject to the consent, approval or authorization of any regulatory agency which may have jurisdiction in the…