GULOTTA, Judge.
The issue in this case is whether New Orleans Public Service, Inc. (NOPSI) has the authority to issue long term securities without obtaining the prior approval of the City Council of New Orleans. NOPSI, its parent company Middle South Utilities, Inc. (Middle South), and their officers appeal from a preliminary injunction enjoining them from "preparing to and/or issuing and selling" additional NOPSI first-mortgage bonds, preferred stock or common stock...
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