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  5. 749 S.W.2d 295 (1988)
 

CITY OF BRYANT v. SPRINGHILL WATER & SEWER

No. 87-251.

749 S.W.2d 295 (1988)

295 Ark. 333

CITY OF BRYANT, Appellant v. SPRINGHILL WATER AND SEWER SERVICES, INC., Randy Oberlag and Minanur Rahman and First Commercial Bank, Appellees.

Supreme Court of Arkansas.

May 2, 1988.

Attorney(s) appearing for the Case

Richard A. Garrett, Benton, for appellant.

Philip E. Kaplan, Silas H. Brewer, Jr., Little Rock, for appellees.

NEWBERN, Justice.

The appellant, City of Bryant, brought a condemnation action to obtain a utility, appellee Springhill Water and Sewer Services, Inc., a water and sewer system operated in a city subdivision. The company was owned by appellees Randy Oberlag and Minanur Rahman. Appellee First Commercial Bank held a mortgage. Oberlag and Rahman purchased the utility in 1983 from a bankruptcy trustee for $80,000, some of which was refunded, making their effective cost...

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