Sec. 7-231. Private rights extinguished by municipal purchase.
Sec. 7-231. Private rights extinguished by municipal purchase. Whenever the
existing gas or electric plant of any person or corporation has been acquired by any
municipality pursuant to the provisions of this chapter, the powers and rights of such
person or corporation in relation to the manufacture of gas or electricity for lighting
purposes and the distribution thereof to consumers within the limits of such municipality
shall, from the date of such acquirement, cease.
(1949 Rev., S. 728.)