City of Paducah v. Kentucky Utilities Co.

COMBS, Justice.

These appeals present another chapter in-prolonged litigation between Kentucky Utilities Company and the City of Paducah. The city, in 1940, granted to the company a. twenty-year franchise to furnish electric-current to the city and its environs'. By section 7 of the franchise the city reserved the option to purchase the company’s system “used and useful” within the city,, upon’ certain stated conditions. In 1944 the-*850city elected to exercise its option. Different aspects of the litigation which followed have been before this court on four occasions. In 1945 we overruled the…