Ladysmith news-budget. [volume] (Ladysmith, Rusk County, Wis.) 1907-1927, 1913-08-22

one years notice, at any time after
the expiration Of thirty years after
the franchise becomes effective, may
poration used and useful under the
franchise by paying therefor as pro-
vided in section 1865, and that the
applicant valves all rights to COM
pensation other than as provided in
said section.
CD That at any time within thirty
years after the date upon which the
franchise becomes effective the state
of Wisconsin, If 1t shall have the con-
stitutional power or any municipality,
on not less than one years notice, may
acquire all the properties then owned
by the corporation and then used and
useful under the franchise by paying
therefor as provided in section 1895
SIS, and that the applicant valves
all right to compensation other than
as provided in said section.
Section 1868. The grantee, the
holders of stocks and bonds to be is
sued by such grantee, and all creditors
and others in interest shall be bound
by the proposals, consent and under
takings of the applicants as set forth
in the application.
Section 1596--64. /. Upon receipt
Of an application. under section 1896
So, the commission shall set time
for public hearing thereon at the
city of Madison, or at some other place
which in the judgment of the commits
sion is more convenient, which time
shall not be more than eight weeks
from the date of the filing Of such APP
plication. Notice of the time and place
set for such hearing shall be given to
the applicants who shall cause the
same to be published once each week
for three successive weeks, preceding
such hearing in at least one news
paper, to be designated by the COM
mission, In each county in which ri
parian lands will be affected by the
proposed Improvement or any part
thnranf Similar nntica a DIV
by the commission to the attorney
general, who shall appear at such and
all subsequent hearings for and on be-
half of the state.
the applicants shall, not less than
twenty days prior to the date of such
hearing, mail to every person inter-
ested in any lands that will be affected
by the proposed improvement and
whose post office address can by due
diligence be ascertained, notice of the
time and place for the hearing on
such application. Such notice shall be
of the nature of the application and
shall be forwarded to such persons by
registered mail in sealed and post
paid envelope properly addressed.
of notice shall be filed by the appli-
cants with the commission.
8. The commission shall investigate
all matters pertaining to such appli-
CdliOu ana the proposed CnarLof anu
franchise, and the application may be
amended so as to conform to the in
tent of the Legislature and to safe
guard the interests and rights of the
public, the state, and the corporation.
4. At such hearing or any adjourn
ment thereof the commission shall
consider such application and shall
take the evidence offered by the appli-
thereof or in opposition thereto.
3. If 1t shall appear that the grant
ing of a charter and franchise pursu-
ant to the application will result in
the Improvement of navigation, will
promote and safeguard the interests
and rights of the public, the state and
the corporation, the commission shall
so find, and a franchise containing the
provisions of such application is here
by granted to such applicants to take
effect upon the fling with the com
mission of a written acceptance there
of by the applicants incorporated un-
der this chapter. The commission shall
issue to the applicants certificate
evtdencing the authority conferred by
such franchise.
Section 1866. I. Upon receipt
of notice from the commission of fav-
orable action upon their application.
the applicants shall make, sign, &C
knowledge, and file with the commits
sion articles of incorporation. Said
articles shall be in substantially the
form provided by section 1872 of the
purpose -or which incorporation is
sought, set forth the proposals previ-
ously made to the commission as a
consideration for the franchise sought.
2. When organized the corporation
shall be subject to and may enjoy the
rights and privileges conferred upon
domestic corporations by the provi-
sions of chapter IS of the statutes. in
so far as the same are not inconsist-
ent with the provisions of this chap
ter. The original articles of incorpor-
alton, as approved by the commission
shall be fled with and the fee therefor
shall be paid to the secretary of state
and a verified copy Of such articles
shall be recorded as provided in Sec
ton 1772 of the statutes.
8. With respect to the incorpora-
ton of applicants for a franchise I'M
der this chapter the commission shall
have all of the authority conferred
upon the secretary Of state by chapter
80 OF the statutes, and no charter of
such applicant except by the commits
sion and upon finding by the commits
sion that the charter conforms to this
chapter.
Section 1866. 1. Every corpor-
alton organized under this chapter and
granted a franchise hereunder, and
It's successors or assigns, and every
nn1nr abts granted franchise
1ect to the provisions of sections
1797m-1 to 1797m--109, inclusive.
of the statutes, in so far as
the same are applicable, and every
such corporation shall be deemed
q public service corpora ton as defined
In section 1851 of the statutes, and
shall be subject to sections 1881 to
1753-22, inclusive of the statutes
2. The price to be paid for any pro-
perty acquired and to be used under
the franchise. except that acquired un-
der section 1596-71, and the price to
be paid for any construction work
under the franchise shall be reason
able and shall be subject to the ap-
prevail or the commission.
Section 1596-67. A franchise grant
ed under this chapter to a corporation
organized hereunder shall continue in
force and effect until such time as the
state or Wisconsin, or any municipal
ity, shall exercise it's option to ac-
quire as provided in this chapter or
until 1t shall be otherwise terminated
according to law; and in any such
case both the corporate charter and
the franchise granted shall terminate.
Section 1865. /. All franchises
granted to q corporation as herein de-
fined are granted subject to the right
of the state, If it shall have the con
stltut1onai power, or any municipality.
upon at least one years notice thereof
and at any time after the expiration
of thirty years from the date when
the fra paI1icn