The Meeker herald. [volume] (Meeker, Colo.) 1885-current, 1914-10-24

vAieA = net s.sessa.y or useful IN the
n. "a any 9 AZ q ap u eeopsrty 81
g1ch public utility shall be conelusivs-
u preenmed 70 Ea1s been Of pr9ps!ty
Performance Of It's duties TO tie public
q g 9nY .Purchassr q such property
a ss pns, e, utility SiIS' sinai, s.r..f..r
ps x INC e. e.ps.i stock q 3! .ns osssT
s Sl liz az: y III: sq Sat. .n s.ss
20 BY the commission. Every assign.
Tor sa ss.lsnment Or Transfer or any
stock by or through any person or cor
r. is 81 sas u tho
q ON no e sffsct. and no sach transfer shsii
utility. Nothing herein contained shall
stock heretofore lawfully acauirsd,
tificates. and bonds. notes and other
o. ssefe
Within this. state d. : special privilege.
the right of supervision. regulation. re:
shall continue to be vested In tho state.
and such power shall BE- exercised ~
n :pf unass iuSi r msy
" (b5 x public utility may issue stocks
and other svidences q indebtednsss
months after the date thereof. for the
rsmsiy: For the acauisltlon OF such
e. y Tor o rhs pr9 aSe
Improvement Of It's facilities. Or Tor the
improvement or maintenance 81 i.
refundins Of it, obiisations. or for the
reimbursement of moneys actually ex.
pended from income or from. any 9TH
lie Utility not sseSred 81 or oStained
from the Issue OF stocks or stock cer-
tificates. or bonds, notes or other cyl
utility. within five years next prior to
foI a 1oT ts pu
and. replacements. in cases where the
and Vouchers for such expenditures In
such manner AZ to enable the commits
sion to ssesrtain the amount Of mon
provided. that such public utility. In
s% .ha e frss Sane .ssSred from t
commission an order authorizing such
Issue and stating the amount thereof
the issue or the proceeds thereof are
to be applied, and that. in the opinion
Of the ccrnmissior. the MONEY. prop.
for hy such issue 4 reasonably re-
CURED for the purpose. or purposes
:. II the p.rmsssd ana n 4. Ia. ora.s
the case of honda. notes or other evil
dences of indebtedness. such purpose or
reasonably .charEeable to operating ex.
determine whether. it win issue such
inquiry or investigation. and examine
sna SSks rpsesrs .
filling Of such data as It may deem OF
essistance. The commission may by its
sacS .tocRs D Or .toeR eertif I a Of
debtedness in the amount appiied for,
mission such condition or conditions as
ass .1 INC
Of honda, notes or other evidences Of
lnds6tednes.. less than, equiyalsnt to
srsa sspssi .scs y Das,s Ss
!ty ccfporatfon. and the provtsions Of
ne ssns q n sssss II e fsr *: {:
& sc sssS ss,.. - @
;ssc 8 : ssSscr a casitai stock i .hsI,
NO public utility shall, without the
issue q any stock or stocx Certificate.
assssd99sss p any pes. thereof. or any
eos sesclfisG IN III. s0os.
der. or to any purpose specified in
q the AMOUNT, ol suthori.sd A's for
the SAM. sasp on y is.. ss e
. modification thereof. x public ntii-
pssn sd In nj II Il e
able At periods 81 not more than twelve
months after the date of issuance of
commission. but no such note shall. in
Issue Of stocks or stock certificates. Or
ter or any other evidence Of indsbted
ness. without the consent Of the CONF
ss Rsss s saY .ss his e
any bonds. notes. t Or o.hsr sviasness Ie Of
the 'e
sSoliss the eapitsii.stion q the right
permit whasscevsr Of or the rlaht to own.
n ss any ;S the .9
sstuaiiy paid 70 tbs rtats Or to : DO.
sheraton for the Grant Of such fran
chise. permit or right.
(c) The commission shall have tho
power to require public utilities to ao-
count for the disposition Of the pros
ceeds of all sales of stock and stock
certificates. and bonds. notes and 9th
or evidences of indebtedness. in such
form and detail A. It may deem advis-
able, and to- establish such rules and
regulations as 1t may deem, reasonable
and necessary to insure the disposition
OF such proceeds for the purpose or
purposes specified In the order.
i(d) All stock and every stock certifi-
cate, and every bond. note, or other
evidence of indebtedness. of public
utility, issued without an order of the
commission authorship, the same then
in effect shall be void. and likewise all
stock and every stock certificate. and
indebtedness of q public utility. issued
with the authorization of the commits
sion but not eonfofmins In it, pro-
1t isx required by the order of author
isatIon Of the commission. to contain.
shall be void; but no failure in any