Evening journal., 1913-01-31

litical subdivision thereof as the
consideration Of such franchise; cap
italize any contract for consolidation,
merger or lease; issue any bonds or
other evidence OF Indebtedness against
or as a lien upon any contract for con-
solidation, merger OF lease; provided
however, that the provisions of this
section shall not prevent the issuance
of stock, bonds or other evidence OF
Indebtedness subject TO the approval
Of said board by any lawfully merged
or consolidated public utilities not in
contravention OF the provisions Of this
section
(e) Without the approval OF the
board, sell, lease, mortgage. or other
wise dispose of or cucumber It's prop
erty, franchise. privileges or rights
or any part thereof; nor merge or
consolidate its property, franchises,
privileges or rights, or any part there
of, with that of any other public utl-
ity as herein defined Every sale.
lease. mortgage, disposition. en-
cumbrance, merger or consolidation
made in violation of any OF the provis-
ions hereof shall be void and of no
effect Nothing herein contained shall
be construed In any wise 20 prevent
the sale. lease or other disposition
by any public utility rs herein defined
Of any OF its property IN the ordinary
course Of rs business.
Section 8. No public utility as
herein defined. Incorporated under the
laws Of this State and operating in
the city Of Wilmington, shall sell,
nor shall any such public utility make
or permit TO be made upon its books
any transfer OF any share or shares
OF its capital stock to any other pub
lie utility as herein defined. unless
authorized to do so by the board Nor
shall any public utility as herein de-
fined. incorporated under the laws OF
the State OF Delaware and operating
under the laws Of the State OF Della
ware and operating in the city OF
Wilmington sell any share or shares
Of Its capital stock or make or per-
NIT any transfer thereof to be made
upon its books, 60 any corporation,
/ domestic or foreign, result of which
sale or transfer In itself OF In con-
nection with other previous sales or
Transfers shall be TO vest In such cor
poration a majority In interest Of the
outstanding capital stock Of such pub
lie utility corporation, unless author
lied TO do so by the board Every
assignment transfer, contract or
agreement for assignment or transfer
by OF through any person or corpor-
alton to any corporation in violation
of any Of the provisions hereof shall
be void and of no effect, and no such
transfer shall be made on the books
Of any public utility corporation. Moth
ing herein contained shall be con-
strued TO prevent the holding of stock
heretofore lawfully acquired
Section g. Said board shall have
power to require every public utility
as herein defined to file with the board
statement in writing verified by
the oaths OF the president and secre-
tary thereof, respectively, setting forth
the name title OF Office OF position and
postoffice address, and the authority,
power and duties Of every officer,
member OF the board of directors
trustees, executive committee, super
intendent, chief or head OF construc-
ton and operation thereof, in such
/ form as to disclose the source and
origin of each administrative act. rule
decision, order, or other action of the
corporation. and shall, within ten days
after any change is made in the title
Of, OF authority, powers or duties ap
pertaining to any such Office or posi-.
ton, or the person holding the same
file with the board a like statement