Gunnison news-champion., 1912-11-01

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or .egr'.cry. ccsapsss = asoa, e ~ ~
vl.i~.'. ho~~v~-' sxas : nssssts NJ ma
purrhar the ~fcrks or sposd1~ - ansfher
ntiiity ensagsd 10 . ds1esrssf csa~ q bus
sse stocks and stsrE crrfI1uss~s- aasi
hopsss notes and sehrr evtsb~nc~s ~ 10
l.bsesine-~ parshse st v-rto.ls - NOR.
for the s.iiowine purpssrs. and - oshc--.
namely. fsr Tho arasssssssou - prop-r-v
Or eSr the constxurs@sp comps~fiun. exfen-
sion or in.psoyemsns - ~ facilities. p.ant.
~ sfcm and inssrumeusaHtiers ar for th-
improven"nf or satatensnce ~ Ne scrvire.
cr fof fhs di~rharge or lawful rrsundlng
~ iis ohliaasi"na a. s"r the r~smbur-.-
mont ~ n,oucy~ ACTUALLY expcnded from
Income or from snv osAer moncvs In the
treasury 20 the pubIic Ntilify not srrured
hr or obtained from the issue cf sfock-
csher eviaences ~ Ips,esso.ine-- cs sucn
public utility wifhln five wears nex' prlnr
o. the fIiins ~ sppIicntion With the
,"r .rS e '@r sse 'ns srs r.asre nm,s.r'.s , ,n
fnaintennnoe ~ srrvis-e and repinc~mcnfs.
IN ca-ee whore the appiirauf shall have
kept i,s accepnf and Vouchers for sueh
eypondhur"s in such mnnnrr as 10 cunhir
'hc commi--ion To n~rurtair the amount
~ moneys 50 ~xpcp,led and the purneac-
for which such cxpepdsurr wns mnilr
provi'ird. that such pfhlic ufili'v. IN adli-
tipr 70 the other requirements of law
shall fi-s; have sccu-ed from she rom
mission an order authorizing such is-uc
and stating rho amount rhereof and the
purpo-o purno~e~ 10 whirh the ISSUE or
tho r-ercc'a thorpof are 70 hc npnliuh
and that. In the opluinn ~ the comini~-
p-scr-cd or pala sor h. such Issue ls
<ou~hiy rc~uI-cs sor the purpo-e prr
poscs spcriAed sp the order. and that. OF
e"pi ~ "'herw'se rerpfifted In The order
W fhe cns' ~ honda notes or other owl
dcncee ~ indebtedness such surpo~e or
prrporos are not In whole or w part.
reasonably chnrrcnhte 20 operating cx
,srmIn. vh@sh"r y w ,.~"s "'% sucn ,@ order "r
fhc commission NAV hold herring. aud
NAV mrre such additional INQUIRY or In
,ves.irati"r. and exam'nc suca witnesses.
books. rrrcrs. so~umeufs md contracts
and ro0n,re tho siisnR ~ s-ch dsfa rs "
NAV deem ~ aTsIstarrc. The commission
mav bv Ne order grant pcrms-sion f,r
fhe isrue ~ such stocks stock ccrtM
crfes. or honda. notes or other evsserses
~ Indebtedness IN the amount Rrplsnd Tor.
or 'n icsser erount. ar not ~ all and
NAV attach IN ne exerri-e ~ Ne perfnls
ston such condition ~ conditions Is N may
deem reasonchle md necessary. yhe corn-
mission mnv authorize Issues ~ bonds.
notes or cthc- evidence 81 Indebtedness
l-ss than. eoulvaicut fo or r-rntc- thnn
she rrfh1~s~rd suhsrrifcd sor'.ai afa.,t
~ public utili'v corporation. No ru',llr
-'uity shall without The consent of tho
eorT-r'ssion. r-olv the s~sue ~ anv stock
or stock certiftcrte. or bond. note ~ other
evidence ~ ssdeHssdRess. or cav part
'hereos. or snv r-w~~~Ar sher~oe. m an,
Or ':, ,a ..s .s,.:. !: fss s..c: !. ne
ronlmisson's oreer IN eHcess n the
smowst swthosisea eus such pwspssp. or is-
,s ,me q Ss.ccse q ~ same on cay ter,.s
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&c stslsty nay tssws ncaes - ps~p-r wss-
nns.s anA not In vsaaofssa - 80 Crcvtu6ue
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sftes the este - issuaace q NJ ss0s.
wsthcwt ~ consent % ~ ecMmisG6oa.
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z s.s t:sw e 49, = e. ssA~s sv1-
- q Ne cs@MSssscs. ~ e,SMsus
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tt~N
NJ The commission -AaIi Nsve the r,v-
~ 70 Require public utiiitte~ 70 account fos
the d'svosition ~ the proceeAe of all sales
of stocks and stock certifseates and hoaaA,
IN .ucA scrm ana detsN o. \ nav 1reW
advisahhe, ana 10 estahllsA oarA puips oaA
pegulasssas as n nav oeea puascaeble enA
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no saiiure " oay othes ssspset 70 eewply
With the terms ~ eca19e1s1s - tAe ePSrr
~ authotesat1oa - - eswuAuesn eHoN
render VOID any stcck - slo~A e~r(tQ4eo1a
or env bond note - stAe4 evtAeNep q
indehtedness. except - - . comparative ~
person tnkinE the mRe 0tAerWfse than N
sc:d faith and for vslvs ssA wfthout
"a, Every ruhne stsstS ~AseA e,rrrs,v
cf indirectly. Issues ~ csWess 10 NJ sssspA.
sny steck ~ stock certfAeOee, or NenA. Woee
or other evidence Of ia0ehNoonoss. es~eU4 -
provided IN this act. IN non -conSorussty
WITH the lawful order ~ tAe ceWsuss1lcn
sufhortxfne the same. and ecntraFv 10 The
provisions NJ this act, anA q tAe ~oW0eYtW-
tion or laws ~ this state. or witch en-
plies the proceeds from the sale tAeprcR.
or any part thereof. to any purpca> efApr
fhen the nr-pose purposes eperifyeA n
the comr'ssion's order. a. herein proviApA
or rs allowed ny Law, or 70 any pWvpnee
srecificN IN the commissica's order IN ea-
cess ~ the amount IN said order autAorfsed
Tor such purpose. 10 sub}ect 70 a p~naitv
NJ not less than five hundred AoIlsrp NOR
more Than twenty Thousand doilars FOR
erch offense
te, Every officer. aGent ~ employee ~
public utilftv and every cthev perssa
who knowingly authorizes. dfrects. aiAs m,
issues or executes on eouoee 10 ~ is~ued ~
executed, any stock of sto~A epvfNlcate.