The Republican journal. [volume] (Belfast, Me.) 1829-current, 1919-04-10

of Chspter Fifty-t7ve of the Revised
Statutes, Relating to Authorization OF
Issue of Stocks, Bonds and Notes by
Public Utilities.
The first sentence of section thirty
seven of chapter fifty-tiVe of the revised
statutes is hereby amended by adding
after the word obligations" in the
tenth line thereof the following or 10
reimburse its treasury for moneys used
for the ACQUISITION of property, he con
struction, completion. extension or i'm
provement of its facilities. and which.
actually were expended from income or
from other moneys IN the treasury or
the COrporat ton not secured by or Oh
tanned from the issue Of stocks, bonds,
notes or other evidences Of Indebtedness
of SUCH corporation so that said sec
ton thirty-seNe en-, as amended, ShaH
read as follows.
Sec 81. Any public utility now or
ganized and existing. and doing bust
ness in the state or hereafter incorpof-
ated under and by virtue Of the laws
of the State of Maine, nay issue stocks,
bonds, which may be secured ny mort
cages of its property. franchises or 9TH
erwise notes or other evidences of in
debtedness payable at periods of more
than twelve months after the date
thereof, when necessary Tor the acqul-
sltion of property to De used for the
purpose of carrying out Its corporate
powers the construction, completion,
extension or improvement OF It's IA
tilltieS, or for the I'M )ruVenent or naln-
tenance Of its service, or for the dis
charge or lawful refunding of it's obi
cations, or to reimburse its treasury
for moneys used for the acquisition OF
property, the CONSTRUCTION, Con1pleton.
extension or Improvement of its facllI-
ties, and which actually were expended
from income or from other moneys in
the treasury OF the corporation not Sc
cured by OF obtained from the issue IF
stocks, bonds, notes or other evidences
Of Indebtedness of such corporation, or
for such other purposes as may he au-
thorlzed hV law; provided and not 9th
erWise, that upon written application,
setting forth such information as the
commission may require, there shall
have been secured from the commission
an order authorizing such issue ana the
amount thereof and stating that in the
opinion Of the commission the sum Of
the capital to be secured by the issue
of said stocks. bonds. notes or other
evidences of Indebtedness is required IN
good faith for purposes euumera ted N
this section; but the provisions OF this
cha pier shall not apply TO any stocks
or bonds or other evidences of indebted
ness heretofore lawfully authorized and
issued; provided. however, that the
commission may at the request of any
public utility approve the issue of any
stocks or bonds heretofore authorized
but not issued, For the purpose of
enabling the commission to determine
whether il shall issue such an order,
the commission shall make such in
uuiries for investigation, hol2 such hear
ings and examine such witnesses, books,
papers, documents or contracts as t
may deem of Importance in enabling 1t
to reach a determination. No order Of
the commission authorizing the issue of
any stocks, bonds, notes. or other evil
dences of indebtedness shall limit or
restrict the powers of the commission
in determining and fixing any rate, fare,
toll, charge, classification, schedule or
joint rate as provided IN TINS cha pler
3-l
shall be required to apply to the COM
mission for authority to issue stocks.
bonds, notes or other evidences of m
debtedness for the acquisition of prop
ertv for the purposes of carrying out
its corporate powers, the construction,
completion, extension or Improvement
of its facilities, or the Improvement or
maintenance of its service outside the
state. and this proviso shall apply also
to the following section -(ApproVed
March 80
CHAPTER 12s.
An Act to Amend Sections Eleven.
TWENTY-FIVE and Twenty-six Of Chap
ter Forty one of the Revised Statutes,
Relating to Itinerant Vendors.
Sec. 1, Section eleven of chapter
forty-one of the revised statutes is
hereby amended by striking out the
section and inserting in place thereof
the words two hundred and also oy
striking out the word sixty in the
said fourth line of the section and in
sarting in place thereof the word
ninety, SO that said section, as amend
ed. shall read as follows:
sec. II. Every itinerant vendor who
shall sell or expose for sale. at public
or private sale. any goods. wares and
merchandise without state and local
licenses therefor, issued as hereinafter
provided, shall be punished for each Of
tense by fine not exceeding two hun
dred dollars or by imprisonment not
exceeding ninety days, or by both such
fine and imprisonment,
Sec, 2. Section twenty-five OF chapter
forty-one of the revised statutes Is
hereby amended by inserting after the