The Birmingham age-herald., 1911-07-09

of this act IS materially oVercaDitallzed
 the commission may, as a condition of
 continued registration, require sucn cor
 poration so to readjust its securities or
 assets as to correct such overcapitaliza- ton. The said commission in considering revocation of registration under this sec tion shall give such notice and have pow CT to take such evidence and hold such hearings as may be prescribed by the reg ulations issued under this act.
 Sec. Il. That in case of revocation of
 the registration of any corporation the commission may also order that such corporation thereafter shall not engage | in interstate commerce. For every day s continuance in such commerce contrary | to such order such corporation shall be | subject to a fine of not more than $1000 and the said commission shall have power | to apply to any circuit court of the United States for an injunction enforcing the provisions of this section and any
 order issued hereunder.
 Sec. 12.-That the said commission | may at any time, upon application by a corporation whose registration has been | previously cancelled, reinstate said corpor- alton for registration and grant it regis | tration anew; provided, that the said | commission is satisfied that the cause or | causes for which registration was revoked no longe rexst and that the commission | shall find that all the requirements for registration set forth in section shall have been compiled with anew as of the
 date of the new application for registra- lstion.
 Sec IS. The said commission may at any time, if in the opinion of the com mission public necessity requires such ac- tion, order and require any corporation engaged in commerce among the several states or with foreign nations, except cor porations subject to the act to- regulate
 commerce, approved February 4 1887. as
 amended. but including pipeline com panies to make such statements and give
 such information as is prescribed in sec tons and s of this act, which informa- tion shall be published in accordance with the provisions of section 9 hereof. The
 commission may also obtains from any
 such corporation, through the powers
 granted in section IA hereof, such infor- nation as shall enable said commission to determine whether such corporation
 is subject to the terms of this act.
 See. IA. In order to accomplish the
 purposes declared in sections and 1a
 of this act. the said commission shall
 have and exercise the same poper and au-
 thority in respect to corporations sub
 ject to this act as is conferred on the
 interstate commerce commission, in said
 act to regulate commerce and the amend
 ment thereto in respect to common car
 riers, so far as the same may be appli-
 cable, including the right to subpoena
 and compel the attendance and testimony of witnesses and the production of docu- mentary evidence and to administer paths. All the requirements. obligations, liabilities and mmunities imposed or con ferred by said act to regulate commerce and by an act in relation to testimony before the Interstate commerce commis- sion, and so forth, approved February II, 1893, supplementary to said act to regu- ! late commerce, and the act defining im-
 munity, approved June 30. 1906, shall. also apply to all persons who may be sub poenaed to testify as witnesses or to pro- duce documentary evidence in pursuance of the authority. conferred by sections
 and IS hereof
 Sec, 15. That the said commission shall, on or before the - day of - in
 each year, make report, which shall | be transmitted to Congress. This report ! shall contain such information and data collected by the commission as 1t may l deem of value in the determination oi questions connected with the regulation
 of commerce. together with such recom-
 mendations as to additional legislation re- lating thereto as the commission may deem necessary.
 Sec. Is. That any corporation engaged | in commerce among the several states oI | with foreign nations without regard tc the amount of its gross annual receipts
 may also, by complying and continuing | to comply with the terms of sections 4 8 and hereof, acquire and maintain United States registration as provided ir
 sections and 6, subject to the provision for cancellation thereof prescribed in sec tion ten; and the information furnished by such corporation shall be subject tt the provisions of section 9. aif
 ."Sec. n. That the said commission shal have power to make any and all regula tions necessary and proper to carry ou kthe purposes of this act, and at any tim' to alter, amend. or repeal the same o
 any part thereof.'