The Springfield herald., 1914-10-30

commission a certificate that the pres
necessity require or viii REQUIRE such
construction: provided. that this SEQ
tion shall not be construed TO- REQUIRE
certificate for an extension within any
city and county or city or town within
ly commenced operations. or for an sx-
tension Into territory. either within or
whoIt city sfa 70 sounsy Or shty Or
tofors served BY public utility Of like
CIR to territory already served by il.
nsessss.ry In the s.,dI ordinary course 81 Of 4;
shah Interfere or be about to inter
Plant rn or sy.ssm. 1ns Of amy other such pnS ns
sommi..ion. on eompiaint of inc pub
order and prescribe such terms and
pants or sysr.ms affsstsG ss to Il may
seem Just and reasonable.
tb) No public utility of class speci-
fled ~ ssst!on a. rIHs, s5.or q s5S
lt 9s under any franchise or permit
hereafter granted. or under any fran
not heretofore actually exercised. or
pspdsd ed, fos than 0ns with
convenience and necessity require the
provided, that when the commission
utility, has heretofore begun actual con
such sSst work. in good faith. uninterrupt- ieeTa
sdiy and with reasonable diligence in
to ans Of oh sn'
nit heretofore granted but not here
e fore actually exercised. such pub
rules and rssulstions ss the commit.
sion may prescribe, to the completion
md such ss or
ss section S sS.i not Be eonstsa.d mo to vai s
Hns aafs or sn s DsxnTs nGw n
under any law of this State.
. 6, Before any esrtifleats may issue
pdfs Il. 'ss .4eiss COPY 81
;ssil !sf si:s ne
9s II. fSf sff,es e.. ns
the " commission sai Il to snow that sa saeS ap Py
sens franehiss @ oF permit s the prop sSp
or sSh'i osSsr public aathoRity. r.. S'ceSa. som
mission shall hate power. after hear
fnE to Issue SAID GsrtsiSats is.n a. prayed
ton only OF the eontsmpiated street
on for ts ear.s sI
9, else only OF said rig right or privilege
terms and conditions as in its 1udE-
ment the public convsnience and nsces-
i,y desiles I TO Exercise aGa nixRt 1' or priHi
lege under q franchise or permit which
1t contemplates securing. but which
public utility may apply to the COM
mission for an order preliminary to the
ssDs sD Of the The
application. under such rules and reg
desired certificate. upon such terms ms
ter such PUBLIC utility has obtained the
the presentation to the commission of
evidences satisfactory to Il that such
by such public utility. the commission
shall thereupon issue such certificate.
The commission shall charge a reason
es one one tSousand tho dolisrs u cSpltal d Go to
le invested. for issuing said public con-
venience and necessity certificate.
t,on asaess eorposs.,on ,s9sppIa pe.
trical corporation. telephone corpora
visions of this act. shall henceforth
81 o %hee
or any part Of Its railroad, street rail-
road. line; plant or system. necessary
ties to the public. or any franchise or
rermit or any right thereunder. or by
reet r merge OF consoiidats rnst It's rairoad al
street railroad. line. plant or system,
Or franchises or permits or any part
nsfst Wishoat having % first s secured % from y; tSe
commission an order authorizing It SO
ea to ae 5yery sech
brance, merger or consolidation made
other than in accordance with the or
Same sen e shall Y e be void' n The nermIssion ae
and approval of the commission to the
exercise q franchise or permit under
or other disposition Or encumbrance Or
sion shaii not be con.trued % to 'r revive
or validate any 1apssd or Invalid fran
ehise or permit or to enlarge or add to
or to. waive any forfeiture, Nothing
construed to prevent the sale. lease or
other disposition by any public utility
of class designated in this subsec-
CIR useful in the performance of its du-
ties to the public. and anv sale of its
P'peny Pe deneuslyyeiy ~ saf presSmed to have been
CT property which is not useful or nec-
essary in the performance of its du
ties to the public. as to any purchaser
of such property in good faith for
value.
OBJ No public utility shall hereafter
purchase or acquire. take or hold. anv
part of the capital stock of any other
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 or transfer or
any stock by or through any person
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-
tanned shall be construed to prevent the
holding, of stock heretofore lawfully
Section 81. ta) The power of public
utilities to issue stocks and stock cer-
tificates and bonds. notes and other
evidences of ndebtedness and to cre-
ate liens on their pronerty situated
within this State is special privilege.
the right of supervision, regulation re- ,
shall continue to be vested in the State.
and such power shall be exercised as
provided by law and under such rules
and regulations as the commission may
prescribe.
Dbl A public utility may issue stocks
and other evidences of Indebtedness
payable at periods of more than twelve
months after the date thereof. for the
following purposes and no Others
namely: for the acquisition Of such
property as is necessary for the prop
IL. - - hta nr fnr h