Show MUNICIPAL OWNERSHIP O LAW UNCONSTITUTIONAL Spi- Spi lt Ill 11 April Apri 18 The ti-The The supreme court today toda It pt al-pt tl time the Mullet Muller r law liw th tIme the measure our o on which Chicago's hica oM plan for municipal IU- IU mu mu- al on ownership was founded fh The rh principle of municipal ownership of public utilities however Is la lanot not nOl rhe The Muller law is Ii defective de de- de t and tire the th defects ate ale such that tIP they e Invalidate II the th entire act Under the the courts court's decision it 11 would guidance of the no ni doubt b be possible to Ut t draft n a law taw that would stand the Lime test and amul ral make muae e the tt valid vald In Iii 11 a nutshell th the court cour sa says that time the thC pi provisIon o vision of the law which would I of or the time certificates the mortgagee or holder cates to year twenty franchise franchisE in case the street ear car properties were sold under un det der foreclosure In effect amounts amount to In Increasing Increasing In- In 11 c creasing the lie t c bonded debt of time the tle city above lo e the IL I per cent limit I Ito Time The court recognizes the thE might light of or a city cly to purchase C properly and wd give a mortgage on It I for the purchase price provided Iro affected af at- f. f that property i Is the lie only property properly Ceded I by the tho debt This Is possible no 10 matter If the s per cent for or city purposes I has been reached thit lut In Ih the cas cf cise of or the Ihl Muller law lass not only are orp the physical properties mortgaged for tor all 1 or a portion porton I of or their prices but in addition the ChI city ct has has guaranteed d a a year twenty yEr franchise to 10 th the mortgagee In ease caso O he lie has hal to foreclose on the property To lo elucidate tHin til point which IK Is 11 the lie th pivot phOI of or the til courts court decision lon nn an opinion I of or words IH Is submitted u |