City of Covington v. South Covington & Cincinnati Street Railway Co.

Opinion op the Court by

Chiep Justice Hobson —

-Affirming.

Tlie City of Covington by an ordinance of December 15, 1864, provided for tbe granting of the franchise for street railways, and prescribed how the franchise should be exercised. Among other things it was provided that all contracts made under the provisions of the ordinance should be for a term of twenty-five years, and that the company that would pay into the city treasury the ■ largest bonus should have the franchise. Under this ordinance the bid of the Covington Street Bailway Company was accepted on February 3, 1865, that company…