Iowa Service Co. v. City of Villisca

The plaintiff brings its action as a taxpayer. Its real interest in the litigation, however, is somewhat deeper. It owns and operates in the city of Villisca a distributing system for electric light and power. This system consists in the main of poles and wires. There is no power plant established in said city. At an election called for the purpose, the electors o-f the city voted to incur an indebtedness for the establishment of a light and power plant for the municipality, and voted to ibsue bonds therefor in the sum of $75,000. The plaintiff has sought, without success, to sell to the city…