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SAMPSON v. CITY OF CEDAR FALLS

No. 2-57753.

231 N.W.2d 609 (1975)

Thomas E. SAMPSON and Marvin E. Diemer, Appellants, v. CITY OF CEDAR FALLS, Iowa, et al., Appellees.

Supreme Court of Iowa.

July 31, 1975.

Attorney(s) appearing for the Case

Jacobson, Price & Correll, Cedar Falls, for appellants.

Mershon, Snow & Knock, Cedar Falls, and Ahlers, Cooney, Dorweiler, Haynie & Smith, Des Moines, for appellees.

En banc.

UHLENHOPP, Justice.

This appeal involves a number of challenges to a plan by a city and others to enter into a joint project for generating electricity.

The City of Cedar Falls, Iowa, owns and operates a large electric generating plant and distribution system which it built and improved by issuing revenue bonds. In excess of $12,200,000 of such bonds are outstanding, secured by first lien on the net revenues of...

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