The Springfield herald., 1914-10-16

commission q certificate that the pres
snt or future public eonvenienoe and
tio2 shall not be construed to require
certificate for an extension within amy
city and county or city or town within ef,,
1t sns or
tension into territory. either within or
without a city and county or city or
or line: plant Or system; and not there
t9fore served by public utility Of lik.
10 terrieory e y0s aiready a ssrvsa BY Il.
necessary in the ordinary course Of 4.
tusines.: and provided. fur1sss. that Il
or extending Its line. plant or system,
shall interfere or be about TO inter
pant Of ne pef any otSer
commissIon. on COMPLAINT Of the. pub
affected. may. after hearing. make such
order and prescribe such terms and
plants or systems affected az to it may
seem Just and reasonable.
tb} No public utility of class spee!!;;
sa ssse s any right or sfs
IL ge under any franchise Or permit
hereafter granted. or under any fran :
the exercise of which has been sus-
ean from *.
convenience and necessity rsauIrs the
provided. that when the commission
shall find. after bearing: that a public
struction work and Is prosecutine
ediy and with reasonable diligence in
dertekinE. under any franchise or per
nit heretofore granted but not not here
nrOCeed.
rules and regulations as tho commits
sion may prescribe. to the co9mpletionn
COMPLETION. % x Exercise such fight or priv priv"
llegs; and provided: further that this
idssss s any right & or pSEixiIsS;s NOW ~ in; Is
under any law Of this state.
shsas.,o charter. Il The, The A. sDDlisn;nt ,;;.S :.
aPpiisant for eeItifieats shail
such sue evidence as shall be rsauirsd BY
the commission to show that such ap-
plicant ha. received the required con-
.r r"e county. eisy G and coantS
or other public authority. The COM
To- ISSUE saa q:
for. or to refuse to issue the same. or to
issue It for the construction Of por.
tension thsreof. or for the partial s1-
snd si'n may C sttaeh % to the sxsrc,ss OF of shs
terms and eonditions as in ~ 3ude-
sity may require. II such public util-
ity desires to exercise a right or privi
i sns ss
has not q. yet been granted to It. such
public utility may may apply to the com
sion may. thereupon make an order de-
Sppiicstion. ns under M such suiss and ueSn res
uiations as Il may prescribe. issue the
desired Certificate. upon such terms
ter such public utility has obtained the
contemplated franchise or permit, Upon
to the 70 fb. 1us
BY such public utility. the commission
The commission shall charge q reason
able fec not exeeedinE &c DIM, fifty cents on on
s'n e inSsstsd Hn Tor is.uinE said pSSIie conc 10
venience and necessity certificates.
sset!on ss. ,slosS 81 No raliso.d &c, sorpo...
tion. telegraph corporation. water cor
yH Visions Of this 'G act. shall SencefSrth
sell. lease. assign mortEsEs Or other
q er tns
or useful in the performances of Its du
nsrmit r.sn it or Or any right thereunder. ds or BY BY
any means whatsoever direct or indi-
ns 1sst It's
thereof. with any other public utility.
commission an order AUTHORIZING it so
to do. Every such sale. lease. assign-
ment: mortgage: disnositiSn, encum. cum.
der of the. commission authorizing the
and approval Of the. commission to the
exercise of a franchise or permit under
section fa ol th,5 afs e
franchise or permit under this sec
or validate any lapsed or invalid fran
chise or permit or to enlarge or add to
the grant of any franchise or permit.
CIR to waive any forfeiture. Nothing
In this subsection contained shall be
other disposition by any public utility
Of class designated In this subsec-
er ae, useful sci Il init in the performance Of its du-
property by such public utility shall
essary in the performance lof its du-
ties TO the pubic, as 10 any purchaser
of such property in good faith for
value.
OBJ No public utility shall hereafter
"a tho take held oths
public utility. operating under and by
virtue of the laws of this State. with
out having been first authorized to
do so by the commission. Every as
signment. transfer. contract or agree
ment for assignment transfer or
any stock by or through any person
or corporation to any corporation. or
otherwise. in violation of any of the
provisions of this section shall be void
and of no effect. and no such transfer
shall be made on the books of any
public utility. Nothing herein con-
tained shall be construed to prevent the
holding of stock heretofore lawfully
acquired.
utilities to issue stocks and stock GER
tificates. and bonds. notes and other
evidences of Indebtedness and to ere,
ate liens on their property situated
within this State Is special privilege.
the right of supervision. regulation. re
striction and control of which is and
shall continue to be vested In the State.
and such power shall be exercised as
provided by law and under such rules
and regulations AZ the commission may
prescribe.
Obj public utility may issue stocks
and stock certificates. and BONDS. notes
and other evidences of indebtedness
payable at periods of more than twelve
months after the date thereof. for the
namely: for the acquisition of such
property as is necessary for the prop
er conduct of Its business. or for the
construction completion, extension or