Decisions of the Public Utilities Commission of the State of California Volume 16

Decisions of the Public Utilities Commission of the State of California Volume 16

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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. 1919 edition. Excerpt: ...TO IMPROVEMENTS IN ITS VA'1'ER SYSTEM; (0) FARMERS IRRIGATION COMPANY FOR AN ORDER RATIFYING CERTAIN CAPITAL INVESTMENTS HERETOFORE MADE BY IT; TO APPLY THE PROCEEDS ARISING FROM THE SALE OF SAID TVVO HUNDRED THIRTY-NINE SHARES OF ITS ('APITAL STOCK TO REIMBURSING ITSELF FOR MONEY EXPENDED FOR SAID IMPROVEMENTS; TO BORROVV SUCH SUMS IN ADDITION AS ARE NECESSARY TO ENABLE IT TO COMPLETE ITS PROJECTED IMPROVEMENTS AND TO AUTHORIZE IT. UPON TIIE INCREASE OF ITS CAPITAL STOCK, TO SELL AT PAR SUCH A NUMBER OF SAID SHARES AS WILL ENABLE IT TO LIQUIDATE ITS INDEBTEDNEBS, AND TO BE INCURRED BY IT FOR CAPITAL PURPOSES. In this application, as amended, at the hearing held February 4, 1919, applicants ask the Railroad Commission to make its order authorizing them to perform the following acts: (1) River Street Ditch Company to sell its properties described in Exhibit "I." attached hereto, to Farmers Irrigation Company in exchange for $15,500.00 par value of stock. (2) Farmers Irrigation Company to issue $15,500.00 of stock for the purpose of acquiring the properties of River Street Ditch Company and to issue, at par, additional stock for the purpose of financing the improvements referred to in Exhibits "B" and "C," attached to the petition herein, and to which reference will be made hereafter. River Street Ditch Company, pursuant to orders of the Railroad Commission, has issued $15,500.00 par value of stock. It is the intention of the company to transfer all of its property to the Farmers Irrigatiou Comp-any in exchange for $15,500.00 of that company's stock. The record shows that the controlling interests of the River Street Ditch Company and Farmers Irrigation Company are the same. While more

Product details

  • Paperback | 436 pages
  • 189 x 246 x 23mm | 776g
  • United States
  • English
  • black & white illustrations
  • 1236941403
  • 9781236941404