The Meeker herald., 1912-10-26

with the physical properly or operation
Of the line. plant or system OF any
ed. the Communication. ON complaint Of the
public utility claiming to be in1urious
~ affected. may after hearing. max
and conditions for the location OF the
lines, plants or systems affected a. TO
It may seem lust a1d fea neither aid aid
Certificate. nor. . franchise. license or
other consent shall be siyen, , or {r.nttssa a
t. an applying Public o %s,,ty ,eis.
railway plant Of system or business IN
Occupied by smother such utilitv. Wv
ing like service. which 10 able, wiIiinE
and capable Of serving SAD ely city; s soE
Ing plant or system. or as the same
NAV be extended or constructed.
No pu5Is ,.,,ty q ses S,of' . snsi
ileee under any franchise or permit
nsImt ct
NOT heretofore actually exercised, or
the exercise of which has been .us-
out first having Obtained from the COM
mission q certificate that PUBLIC CON
venIenee and necessity require the sa-
vided, that when the commission shall
find, after hearing, that q public utl-
ity has heretofore begun sct tSn s con
vorE' in GOOD faith, uninterruptedly
and with reasonable diligence In pro
portion to the mag9itu nh UI t me nepmit
heretofore granted but not heretofore
actually exercised. such public utility
may PROCEED to the som nch eom0 81
vided. that nothing. in thi. , act con- con,
s..rsn sha any rish, or sny
or eranted BY the constitution or gem
eral laws of the state Of Coiorad39 ..,.
under sSs this section. : certified copy Of
It's articles OF Incorporation or cnar-
~ sPPIetasn a. a Ss e &c ss so
power. after hearing. to issue said se f.
Il. :, In.ys d fs1 70 Il for the
eontempiated street railroad. lire. pl.nt
Or s.sra.s only of said Fight
s or q ihs na Eight granted said
IN its jud rment the public convenienee
utility desires to exercise right or
which Il Contemplate. securing. but
which has not a. yet been granted 20
such public utility str m osSyer sP pH1si, no
The commission may thereup9n max. make
order sass 1t under m snsh
rules and regulations a 1t ma, pre-
scribe. Issue the desired certificate;
may may desianste. after the public, utility
has obtained the contemplated fran
ehiss or permit. Upon the s,. present. nst
isfactory to it that such franchise or
permit has been secured by such pubic
utility. the commission shall thefeupoh
S.ction Al every uublic utility cor.
porstion shall have the right. to .pur-
chase or Otherwise acquire. and to take;
Of he CAP cspitai stock Of any other public
business, orE.ni.sd Sr existing under
or say other state. and doing business
I'm this state. or any Stner STATE OF
q sseS Unity %
purchase Hs the stocks or bonds 81 an:
ssa:. o st ba.yyn. snsas'a IN
sectIon a. q, a puSlis utility may nay
bonds. notes and other evidences o.
date thereof. for the foilowlnF pur.
sa = psuS.as, q sSl sa ne ne con-
struction. compilation, extension or Inn
provemsnt Of Its faoii as. plant: e.. s x.
service, or for the discharge or lawful
rsfunding of Its obligations. or for the
pended from income or from any other
moneys In the treasurey Of the public
utility not secured BY or obtainsd from
or bonds, notes or other evidences of
indebtedness OF such public utility.
INT Mithi n fs spp phs Win the enc COM
Tor ' any Of the Aforesaid purpose. ex-
eeps ma,nten IN es.es where the sp
vouchers for such expenditures In such
ASCERTAIN the amount of moneys SO ex-
pended and the purposes for which
such expenditure vas made; provided.
the other Requirement. Of law. shall
first have secured from the commits
sion an order .Isn0rt1ips soS is, .ns
sue or the proceeds thereof are to be
:aa that On sss OF Of
issue IL Reasonably required for the
pDrasps .n 81 tSaa sse.pt otherwss
permitted in the order In the case of
bonds, notes or other evidences OF In
are not, in whole or in part. ressonably
income: TO enable Il to deter dstsrmins
Commission may hold hearing. and
may make such additional inquiry or
investigation, and examine such wilt
nesses, books. papers. documents and
contracts and require the filing of such
data as 1t may deem of assistance. The
commission may by Its order grant
permission for the issue of such stocks
or stock certificates, or bonds, notes or
other evidences of indebtedness In the
amount applied for, or In . lesser
to the exercise Of its permission such
condition or conditions as 1t may deem
reasonable and necessary The COM
mission may authorize Issues of bonds.
notes or other evidences Of Indebted
ness, less than. equivalent to or greater
than the authorized or subscribed cap
ital stock Of = public utility corpora
ton. No public utility shall, without
the consent of the commission, apply
the issue Of any stock or stock GER
tificate. or bond, note or other evil
dencs of indebtedness. or any part
thereof. or any proceeds thereof. to
any purpose not specified In the COM
missions order. or to any purpose spe-
cified In the commissions order in ex-
Al -