A city’s contract to lease equipment for an electricity generating plant over a period of years is void where the contractual amount exceeds the city’s revenues for the year in which the contract entered is void.
How later courts described this case
- A city’s contract to lease equipment for an electricity generating plant over a period of years is void where the contractual amount exceeds the city’s revenues for the year in which the contract entered is void.
Written by the judges who cited it.
The opinion
The foregoing opinion by FERGUSON, C., is adopted as the opinion of the court. All the judges concur.