Hawaii Supreme Court June 19, 1981, NO. 6403 (Molokai Homesteaders Cooperative Ass'n v. Cobb)

*455OPINION OF THE COURT BY

NAKAMURA, J.

This case represents the last in a series of legal challenges to the validity of the agreement between Defendant-Appellee Board of Land and Natural Resources of the State of Hawaii (hereafter the Board), and Defendant-Appellee Kaluakoi Corporation (hereafter Kaluakoi) for the use of the transmission facilities of the Molokai Irrigation System (hereafter