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McGRORY v. BD. OF TRUSTEES OF MUN. ELEC. UT.

No. 2-57954.

232 N.W.2d 262 (1975)

W. P. McGRORY, Appellant, v. BOARD OF TRUSTEES OF the MUNICIPAL ELECTRIC UTILITY OF the CITY OF CASCADE, Iowa, Appellee.

Supreme Court of Iowa.

Rehearing Denied August 27, 1975.

Attorney(s) appearing for the Case

Reynolds, Gilchrist, Nutty, Smith & Sharp, Ames, for appellant.

Moss & Heims, Dyersville, for appellee.

Submitted to MOORE, C. J., and REES, UHLENHOPP, REYNOLDSON and HARRIS, JJ.

UHLENHOPP, Justice.

This appeal involves a test of the validity of municipal revenue bond proceedings and of portions of the home-rule act, chapter 1088 of the Acts of the 64th General Assembly.

The City of Cascade, Iowa, presently has an electric generating plant. It has electric revenue bonds outstanding and proposes to issue additional ones.

Cascade elected to come under §§ 1 through 198 of the home-rule act. See § 9(2) of the act...

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