NORDBYE, District Judge.
The controlling facts and circumstances of this controversy, concerning which there is no marked dispute, may be stated as follows:
On January 29, 1927, the City of Owatonna and the Donovan Company entered into a contract for the sale and purchase of electrical energy, the pertinent provisions of which may be thus summarized:
Article (1) of this agreement provides:
"The Company hereby agrees to purchase and the City...
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