Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1913-04-14

A.GNa .f ~ a H. >
50 pF .eb2its o. AZ * Is 81 , ccur.In
IN the manner ana form designated
the commission; provided however. IN
in case of accidents resulting in loss
human HE. such report shall be ma,
immediately by telephone or teIesrat
followed by a detsfled written repor
provided that neith,r the order nor re-,
onimendation of the commission nor an
accident report filedwith the commissio
shall be admitted a evidence in any at
ton for damages BASED on or aris{u
out of the loss of lie or injury 10 per
son or property in this section rcferrc
to, Section siXty-tip Of chapter nifty
two of the Revised Statutes is hereb
repealed.
PHYSICAL VALUATION.
Section a. said commission shall hay
power and it shall be its duty to fix ;
reasonable value uon all the property
OF any public utilit. used or required Il
be used in its servie to the public with
in the State wheneer it deems a valua
ton thereof to be ncessary for the fix
ing of fair and reasonable rates, tolls
and charges; and inmaking such valua.
ton they may aval themselves of any
reports, records O other information
availabls to them | the Office of any
APPROVAL OF STICKS, BONDS AND
NOES.
Section -. Any pDlic utility now or
ganized and eXistingand doing business
in the State or heiafter Incorporated
under and by virtue1f the laws of the
state of Maine may ssue stocks. bonds,
notes or other evideres of Indebtedness
payable at periods hot more than
twelve months after he. date thereof.
property to be used Vt thu r-"i po0e The
carrying out its corlrate pi9n ~,
construction, completn. eNtensfTV ,r tbe
Improvement of it's fsilities, OF toi 80
Improvement or main,nanee of us ser
vice or for the dischge or ids go,
funding of its obligaons, er 10. nv
other purposes as ma be autHoi "e' MOT
law provided and nc othefMise' forth
such information as tie eehiliissioi, -
require. there shall nave eeeh stbori1A
from the commissioned order au .t,'ra,f
ing such issue and ne amount ~ ,bn
and stating that i'm he opinion OF uls
commission the sumof the eap ta stocks
secured by the issle Of said sf 81 i
bonds. notes or othr evidences .th for
is requird in good iaitIt 10 iUt
but the provisions d tins ae9 w.. -, ber
amply 10 any stocks or bonus vi ~
evidences of indebtedness Her o,,ircn
lawfully authorized md issued, P,o al at
however, that the commission me- 1880
the request of any public utilitg ap areto1
the issue of any sto,ks OF bonus iei ~ -
fore authorized but not issued, rut 20
purpose of enabling the co llliiii1 s,,ch an
determine whether it shall ISSUE su0.. ,, Oh
order. the commission shall Iaa ,S s,ich
injuries for invest CATION Iotu 80,
hearings and examine such witlie - - I,
books, papers, documents OF e" ~ ~
rs it may deem of importance III No
ibling it to reach a detefmli,atio,ni,;, he he
order of the commission authotlzins ', n,.
ssue of any stocks bonus NJ. shall
other evidences of Indebtedness onn,.
INIT or restrict the powers OF VIZ -,
mission in determining and hNins . Guy
rate fare, toll, charge. cd Ss;tiedt, IN
schedule, or joint rate as Pfotiueu ~,
his act provided, however, tl"a nniS,
public utility shall be reaalfsa ~ 70 issue
stocks bonds, notes or other ,,ia,, of
# Indebtedness for the aed9isltlo,,!l IL, % !,
roperty. for the purposes OF ca, We
OF its corporate powers, INT II, ipnnrove-
tic. completion, extension OF iln 1i'ro,,,-
mes of its facilities, or the iilpro o,,t
mencor maintenance of its service ouIl
side lie State. and this pfosisso si''''
apply $50 to the following ses eheii issue
Sectios So No public utility snal. ISL e'D,s
any stoSs. bonds. notes or other e VI
denees o. indebtedness unless pay &c" CO..
within ons year from date thefeoi. aut
money. praerty or services HI IL, p inSirect.
for the sam, either directly or lhulIec. I,
ly, until then shall have been ree ,,,fitu
upon the boos of such public utlilty
the order of lie commission as herei IN
provided; ana y Indebtedness silau !,
whole or in par. directly or indirectly,
be refunded by aly issue of stocks or
bonds or by any Cher evidence OF m
dehtedness running .9r more than twelve
months, without til consent of the
Section s7.-No public utility shall de.
clare. any stock. bond oSserip dividend
or divide the proceeds of he sale of Its
Stockholders without the coisent of tho
S eS5S,,flRa1I OF LEASES. corsoLIDA-
W. TIONS. ETC.
Section IS. No public utlitS'A shall
sell, lease, assign, msSsage
mr. otherwise dispose of or encumpes the
whole or any part of its property nSes-
sary or useful in the performance oI'As
duties to the public or any fFanchlse {,
hermit. or any right hereunder, nor y
any means whatsoever, direct or lhdi
rect. merge or consolidate IT'S properly
franchises or permits or any part there
of with any other public atlllty, Wlthou
having first secured from the commis
sion an order authorizing it so to dc
Every such sale. lease, asslghneh
disposition. eneumorane'
or consolidation made other tina
in accordance with the order OF the con-
,,ission authorizing the same shall b
void The sale. lease. assignment nof'
rauc or other disposition or eAcun
brance of a franchise or permit unut
this section shall not be construed
revive or validate any lapsed or lnVal,
franchise or permit or to enlarge or ad
TO the powers or PRIVILEGES contained
the grant of any francnise OF perrin
TO waiye any forfeiture. NothllS III III
section contained Slt'tii -. - IL,
prevent the sale. lease or otner dlsp.
sition by any public utility OF propcrt
which is not necessary or hstiul III u
performance of it's duties to the pubi
and any sale of its property by sue
public utility shall be conciusiVely PR
sumed to have been of property Whlc
is not necessary or useful III the PEI
Torrance of its duties TO the puolic'
to any purchaser of sucn properly
good faith for value. Nothing IN IN
section shall apply to properly, ira
chses. permits or rights. OF any utlll'
owned and operated exclusively outslt
this State. No public utility Shall her
after purchase or acquire, take OF no
any part Of the clpital stock OF any OF
public utility organized or existing und
or by virtue of the laws of this sta
without having been first authorized
do so by the commission. Every assiS
ment, transfer, contract or aSreemel
for assignment or transfer OF any sto'
by or through any person or corporate
to any corporation or otherwise III VI VI
lation of any of the provisions OF IN
section shall be void and OF no eilec
and no such transfer shall be mace
the books of any public utility. Nothlr
herein contained shall be construed
prevent the holding of stock neretofo
lawfully acquired or to prevent the a
curing of additional stock by a publ
utility which now owns a mdJoiity
the stock of such other utlllty.
PHYSICAL CONNECTIONS.
Sections 80 Whenever the commissio
after a hearing had upon Its own inoti'
or upon complaint. shall find that phi
steal connection can reasonably be MAJ
between the lines of two or more tei
phone companies or two or more tei
graph companies whose lines can
made to form continuous Inc Oh col