Commission Leaflets; Recent Commission Orders, Rulings and Decisions from the Following States Volume 27-30

Commission Leaflets; Recent Commission Orders, Rulings and Decisions from the Following States Volume 27-30

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1914 edition. Excerpt: ...Telegraph and Telephone Company shall arrange for the payment of the floating indebtedness of California and Oregon Telegraph Company and of the floating indebtedness of California Northern Telephone and Telegraph Company, bonds may be issued to pay said indebtedness, but bonds so issued shall not be issued at less than 80 per cent, of their par value. 4. The authority herein given for the transfer of their properties by California and Oregon Telegraph Company and California Northern Telephone and Telegraph Company, and the authority herein given to Nevada, California and Oregon Telegraph and Telephone Company to issue bonds is conditioned upon the approval by this Commission in a supplemental order of such resolutions by stockholders and directors of Nevada, California and Oregon Telegraph and Telephone Company as may be necessary to make the proposed transfer of property and the issue of bonds legal and binding. 5. Nevada, California and Oregon Telegraph and Telephone Company shall keep separate, true, and accurate accounts showing the receipt and application in detail of the proceeds of the sale of the bonds hereby authorized to be C. L. 29 issued; and on or before the twenty-fifth day of each month the company shall make verified reports to the Commission stating the sale or sales of said bonds during the preceding month, the numbers of said bonds, the terms and conditions of the sale, the moneys or property realized therefrom and the use and application of such moneys, all in accordance with this Commission's General Order No. 24, which order, in so far as applicable, is made a part of this order. 6. The authority herein granted to issue bonds shall not become effective until the payment by applicant of the fee prescribed in Section...show more

Product details

  • Paperback | 626 pages
  • 189 x 246 x 32mm | 1,102g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236860322
  • 9781236860323