Alabama Water Co. v. City of Anniston

June 20, 1910, the city of Anniston and the Anniston Water Supply Company entered into a contract in writing whereby, to state its effect roughly, but sufficiently for the purposes of this case, the parties agreed that the supply company should furnish water to the city and its inhabitants, and, in connection therewith, should enjoy certain rights and privileges, among others the right to be paid for its services at specified rates. Purther, to quote from the contract:

“It is agreed that this contract shall continue for a space or term of twenty (20) years from July 1, 1010, and the city…