McGuinn v. City of High Point

By resolution first adopted on 30 November, 1936, tbe city council of tbe city of High Point authorized tbe construction and operation of a hydroelectric system. It was proposed to finance tbe costs of tbe system by grant from PWA of 45% of tbe costs and issuance of electric revenue bonds payable from tbe revenues of tbe system. Tbe project was questioned in an injunction proceeding by plaintiff, tbe Duke Power Company, wbicb has an electric distribution system in High Point. Tbe city of High Point also has its own electric distribution system, wbicb it has operated for more than thirty…