Public Utilities Act of the State of California and Related Constitutional and Statutory Provisions Applying to Public Utilties

Public Utilities Act of the State of California and Related Constitutional and Statutory Provisions Applying to Public Utilties

By (author) 

List price: US$15.84

Currently unavailable

Add to wishlist

AbeBooks may have this title (opens in new window).

Try AbeBooks

Description

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. 1913 edition. Excerpt: ...stock of a public utility corporation, and the provisions of sections 309 and 456 of the Civil Code of this state, in so far "as they contain inhibitions against the creation by corporations of indebtedness, evidenced by bonds, notes or otherwise, in iexcess of their total authorized or subscribed capital stock shall have no application to public utility corporations. No public utility shall, without the consent of the commission, apply the issue of any stock or stock certificate, or bond, note or other evidence of indebtedness, or any part thereof, or any proceeds thereof. to any purpose not specified in the commission 's order, or to any purpose specified in the commission 's order in excess of the amount authorized for such purpose, or issue or dispose of the same on any terms less favorable than those specified gin such order, or a modification thereof. A public utility may 'issue notes. for proper purposes and not in violation of any iprovision of this act or any other act, payable at periods of not more than twelve months after the date of issuance of the same, without the consent of the commission, but no such note shall. in whole or in part, he refunded by any issue of stocks or stock certificates, or of bonds, notes of any term or character or any other evidence of indebtedness, without the consent of the commission. The commission shall have no power to authorize the capitalization of the right to he a corporation, or to authorize the capitalization of any franchise or permit wliatsoever or the right to own, operate or enjoy any such franeliise or permit. in excess of the amount (exclusive of any tax or annual charge) actually paid to 'the state or to a political subdivision thereof as the consideration...show more

Product details

  • Paperback | 42 pages
  • 189 x 246 x 2mm | 95g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236924274
  • 9781236924278