Gunnison news-champion., 1914-10-09

ln ia.s s.-reea is.9 s.sle ia.s-e -
- 5.zssssliIun ar r aal.le 1silt'F
y : aiass 4ss.ensis -. - 5...''.ss'.-~
u tlIa - ~ 7ilsssiae 2" - as
- H sac f5iliil ..ad aat sstas - -
sEasasrg ~ saea a....' =. $50. So So
e.9Tr e.hiah fal iss+aza.s - ~et
- aHa aIlrioz n.sslsas - - a5l
- - nuiisil - - $40 gsis has
- ssaH ufaslaEts in zess" s@aah t.sr
s''ii's i-s NJ sussse ssHsfg -n.sse ,.s..sassor
r,,.s.It,sse a. ae0asi4s. ts<e oF nee" z ~
80. 81 a. 5as3s - sssseA ~ ans esheF
- s.ssfist aalssrat5nz unsser and ~
elTssse ~ fbf lsavs = sAss -ss'e. s"e
~ fs la esmHaxsi"n- h.esry
slannsaist trsrsiaf. eonArss1t "E .Sree
nsit fos ss=.s. His,.sa ss.a,s ,sns sessss -
- ,,rss.,r.sslsn - ans csrDorasion.
!. ftsrv - in sissis1io ion of anx "s Abe
Eres isioFs % in.s So 49, s,"s s" ,'.,sssea So
-rs.i b. made on the b0osss os snF
Lille stiiiss Sothln4 hareis CON
f.,i.iiua % stestk heretofors law ssiis
seesisn 81 sal The poser sf v.ssse
utilities 70 i-ss.s ssSeNs ~" s.s .s
+, .1iss6s % indebtedness s@o y" sres
80 tisns 90 their Dnopcrts sstsstes
retthin tHiR state Is a sIsocis*l prtNas -
ne right of supe nv isson. ros"isAs"a -
strirfissn nud control Of htch " AMI
snail ronttssue to he sessed ~ the state
sad such power shall be- esescis~d a.
s.r,... ,.i,ld Ft l..~ aud under saeh r,slsS
aud reg aWlsttons As The s"sn"ssS"" 80
prescrtbe
and sssct V.rrifiaaf.-s. and boads. ussts-
ard aHh. evidences OF fpaes@eohs-~~
nsvabie al periods of more than swelse
months after she date thereof- Sos thr
f..llow ma psal Issses and me- oabers
usussig fof tns agauisftson sHNn
property Is NECESSARY Tor tns pF"p
e. conduct 81 Us DuStuess. ef f"f the
,lorsiruattsn. Csnlpi.'tion. cSteSPson o
inlpro0emenf OF It's facilities. NJ 10
the iuiproNeni.ri % nsinte"a"ce q -
service. ef Tor the dischAr@e ~r ts~
f,ll rsfunding of its ohlisstions o. for
the reimhur seneut OF monese ocsuails
expended from income OF trsm AM
other noueNs ~ The treasury Of W
pubiie utility not SECURED ev o. 90
tanned From the issue ~ otockr o.
stock certifiostes OF bonds notes o.
public utility. within five Years neNt
prior TO the filing Of AN a-pltcation
v irh the commission for ~ required
said purposes except maintenance ct
service and rsplaeoment5n IN eases
here IN. appsi.ana % snsi, nay. sep
peudituros IN such manner - TO en-
stlo the commission 10 ascertain the
amount of moneys so expe nded aud the
purposes for which such snpsn mixtures
we're made. prov iaed that such pub
lie utility. IN addition TO the other re
uHlf of EHatf thot W8Nt oe
cured from the commission Al order
authorizing such ISSUE enc stsains tn.
smount thereof and IL Uurpose OF
purposes to which the soDse or the
proceeds thereof are to be applied. and
that. In the opinion of the cOmWasaiOa
the money. property or labor 10 -
reasonably required fog the purpose
or purposes specified IN the order. and
that. except as otherwise permitted In
the order in the of bonds notes
other evidences OF btsdpess.
such purpose or purposes are not. IN
whole or in part. reasonably charge
able to operating expenses or to in
come. To enable u to determins
whether il viii issue sacn order tn.
commission shall hold heartne and
may make such additional inquiry or
investigation, and examine such Wit
resses. books papers. documents end
contracts and require the filing OF
euch data as II may deem of o0otot-
ence The commission may by ito or
der srant permission for the iso~s Of
bonds. notes or other eviasmces II ~
dootsdness in the amount aOp1iea eOr,
or in lesser amount. or not at all. and
may attach to the sAerciae Of its uQr-
mission such conditisa or conditions g
4 may deem reasonable and necessary
The commisoiea Way outhoriqs iaQN0oi
j isssSs.ss,. II .SSs ~ sSao s.....S .Sa g
or greater than the autheriosl 81 o~S
scrfoed capital stock Of . poeees Util-
the statutes of this State. - - M =
they contain inhibitions am0tnG6 the
creation by corporations u inAebtoA-
IN essss ey Of e9nss 9ns, :sass = 81
lzed or subscribed capital oaocA @Anu
gave no appiiestion to public Sttlities
consent OF the commjeeion sH.ls tns
issue OF any stock or stock cprttftcate
,l bond. note or other evidence Of in
proceeds thereof to anv pur pose not
snecifted in the commission'a Ort:er or
TO any purpose specified In the cow
amount authorized for ..s such ssr,e.. s"e
or issue OF dispose OF the same On snv
terms se less favorable than these apeci
thereof public utility may ieeus
hotes Tor proper purposes AND net ia
or a., mon 9d any provision sf tkis act
81 not more than twelve meUfAs after
me me aale OF issuance Of the came. With
b.t but ~ IN. consent Of the ceRmission.
part be refunded by any jesNe Of
stocks or stock certifieaaes or Of
"y o1nss, sn, notes ,h Of any term or character
without the consent of tNc sc,rm;s
Toa 70 public utility shall have
eonsolidstioe 9 espitalize i any cesaract for
sue s any bonds. notes or other evidences
~ ~ mae btedness as a lien thereon with
me coa,,ei. ng eansen Mt OF the commission
~ u; suthorize the capitalization cf the
thhSnt 70 be corporation or TO au-
hoAt .hoIlAt the Capitalization Of nuv fran
us. or permit whatsoever or the
- 70 own. operate or eHtOy any
- - mise or permit In eNc~oa Of
- ~, amount exclusive of any tsx or
et,."i .'u"i Hhargeb actually paid to the
be,..,,t "t 70 political Subdivision
as the consideration for the
light "ise- v~rmu or
,tl me commission shall have the
rro,l 70 require public utilities 10 ac-
eI lof ihe disposition OF the pro
oas.ts OF all sales of stock and stock
=, .niIatts ana bonds notes and 9th
= eFldenees Of indebt edne in such
,',.nL ana detal as il may Seem ad-
! 81 "ie, , ana TO establish Ouch rules
stt. s'a - ulations as Il NAV deem rea-
,si.,,sI.f, ~ ana necessary to insure the
,,,t ,l posltion of such proceeds for the
order epeee" ." 'e
,dtul All stock and every stock Ger
81 s,,ts, ana every bond note. or 9th
~. s.i9St'Hee OF lndebredness Of a pub
=, utliIty, issued without an order of
~, sion authorizing the same
,Iis, an eject shall be void and like-
- ~ StocE and every stock certifi
-. dua every bona note or other
iiEt OF ln1e - npblta