Henry Billings Brown,
New Orleans v. New Orleans Water-Works Company…
“ Courts have no power to make new contracts or to impose new terms upon parties to contracts without their consent. Their powers are exhausted in fixing the rights of parties to contracts already existing. But, conceding that the decision of the supreme court amounted simply to an interpretation of an existing contract, by which the company agreed to furnish the city with water in consideration of the amount of its taxes, yet the contract was, for the reasons already stated, so far as the city was concerned, subject to the will of the legislature. ”
