Greaves v. City of Villisca

On November 8, 1932, the town council of Villisca, after meeting preliminary requirements, submitted to the electors of that town the following public measure:

“Shall the City of Villisca, Iowa, establish, erect, maintain and operate an electric light and power plant, with all the necessary poles, wires, machinery, apparatus and other requisites for such plant, the cost of construction thereof not to exceed $150,000.00 to be paid solely and only out of the earnings of said plant without the incurring of any indebtedness therefor by said City of Villisca, Iowa?”

The proposition was carried by a…