Redlands, Lugonia & Crafton Domestic Water Co. v. City of Redlands

The board of trustees of the city of Red-lands having in February, 1896, adopted an ordinance fixing the rates to he charged or collected for furnishing water to its inhabitants for domestic purposes during the year commencing July 1, 1896, the plaintiff brought the present action for a judgment annulling the ordinance, upon the ground that the rates therein prescribed would not yield a revenue sufficient to enable it to pay the interest on its indebtedness, its operating expenses and taxes, and for keeping its plant in repair, and replacing the same. At the trial of the cause the court found that the total amount of income which the plaintiff would receive during the year would he twenty thousand seven hundred and *313 forty-nine dollars and eight cents, and that its necessary expenditures would be twenty-two thousand three hundred and sixty-seven dollars and sixty cents, and also found that the plaintiff is entitled to have the rates so fixed that the aggregate income therefrom, together with its other income, will enable it' to meet the above amount of expenditures, “and such additional amount as, in the opinion of said board of trustees, said plaintiff is entitled to as profit…