City of Richmond v. Chesapeake & Potomac Telephone Co.

The City of Richmond instituted this action against The Chesapeake and Potomac Telephone Company of Virginia, hereinafter called “the company,” to recover $128,422.64, plus interest, which it alleged accrued under the terms of a thirty-year franchise granted by the city to the company on May 12, 1932, to engage in the business of providing local telephone exchange service in the city of Richmond, Virginia. In its grounds of defense the company asserted that: (1) it had paid in full all of the amounts due under the franchise; and (2) if hable for additional franchise fee payments, it was…