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CITY OF FAIRBANKS v. ELECTRIC DISTRIBUTION SYSTEM

No. 583.

413 P.2d 165 (1966)

CITY OF FAIRBANKS, Alaska, a Municipal Corporation, Appellant, v. Entire ELECTRIC DISTRIBUTION SYSTEM IN ISLAND HOMES SUBDIVISION OF the CITY OF FAIRBANKS and Golden Valley Electric Association, Inc., Owners, Appellees.

Supreme Court of Alaska.

April 21, 1966.

Attorney(s) appearing for the Case

Dallas L. Phillips, Fairbanks, for appellant.

George M. Yeager, Fairbanks, for appellee.

Before NESBETT, C.J., and DIMOND and RABINOWITZ, JJ.

DIMOND, Justice.

The City of Fairbanks brought this eminent domain action to condemn the complete electric distribution system located in that portion of the Island Homes Subdivision which had been annexed to the City of Fairbanks. The system was owned by the appellee, Golden Valley Electric Association, and had been mortgaged, along with all of the rest of Golden Valley's electrical distribution facilities, as security for a loan from the United States to Golden...

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