Interstate Power Co. v. Town of McGregor

The determining elements of the appeal are largely factual. Referring to the matters somewhat in chronological sequence, it appears that the plaintiff has been furnishing electric energy to the users thereof in the defendant Town for some years under a franchise. On its expiration, the voters refused to renew the franchise, but the service has been maintained. In the fall of 1939 the defendants, by resolution, submitted to the voters of the Town a proposal that the Town establish and operate its own electric light or power system, to cost not to exceed $120,000, and to be paid solely and only…