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CITY OF PADUCAH v. KENTUCKY UTILITIES CO.

264 S.W.2d 848 (1953)

CITY OF PADUCAH et al. v. KENTUCKY UTILITIES CO. et al. PIERCE et al. v. GREGORY et al.

Court of Appeals of Kentucky.

Motion for Extension of Opinion Denied March 12, 1954.

Attorney(s) appearing for the Case

Adrian H. Terrell and Earle T. Shoup, Paducah, for appellants.

Squire R. Ogden, Louisville, Clifford E. Smith, Frankfort, James G. Wheeler, Paducah, for appellees.

COMBS, Justice.

These appeals present another chapter in prolonged litigation between Kentucky Utilities Company and the City of Paducah. The city, in 1940, granted to the company a twenty-year franchise to furnish electric current to the city and its environs. By section 7 of the franchise the city reserved the option to purchase the company's system "used and useful" within the city, upon certain stated conditions. In 1944 the

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