 The company is not bound to see its property gradually waste, without making provision out of earnings for its replacement. It is entitled to see that from earnings the value of the property invested is kept unimpaired, so that at the end of any given...  Principles of Railway Transportation - Page 305by Eliot Jones - 1924 - 607 pagesFull view - About this book
 | San Francisco (Calif.) - 1910 - 1586 pages
...to see its property gradually waste, without making provision out of earnings for its replacement. It is entitled to see that from earnings the value...is not only the right of the company to make such provision, but it is its duty to its bond and stockholders, and. in the ease of a public service corporation... | |
 | United States. Interstate Commerce Commission - Interstate commerce - 1933 - 1174 pages
...values have advanced, the allowance is not sufficient to maintain the level of efficiency. The ntility " is entitled to see that from earnings the value of...original investment remains as it was at the beginning." Knoxville v. Knoxvitte Water Co., 212 US 1, 13-14. This naturally calls for expenditures equal to the... | |
 | United States. Supreme Court - Law reports, digests, etc - 1909 - 740 pages
...to see its property gradually waste, without making provision out of earnings for its replacement. It is entitled to see that from earnings the value...term of years, the original investment remains as it was^i at the'beginning. It is not only the right I* of the company to make such a provision, but it... | |
 | United States. Interstate Commerce Commission - Railroads - 1911 - 1140 pages
...bound to see Its property gradually waste without making provision out of earnings for its replacement. It is entitled to see that from earnings the value...original investment remains as It was at the beginning. Thus we see that again investments are used interchangeably with values. There also is cited Railway... | |
 | California. Supreme Court - Law reports, digests, etc - 1911 - 972 pages
...to see its property gradually waste, without making provision out of earnings for its replacement. It is entitled to see that from earnings the value...original investment remains as it was at the beginning.' This is in line with what was said by Chief Justice Beatty in San Diego Water Company v. San Diego,... | |
 | Abraham Clark Freeman - Law reports, digests, etc - 1911 - 1268 pages
...kept unimpaired, so that at the end of any given term of years the original investment shall remain as it was at the beginning. It is not only the right of the company to make such provision, but it is its duty to its bond and stockholders and, in the case of a public service corporation... | |
 | Abraham Clark Freeman - Law reports, digests, etc - 1911 - 1256 pages
...can no longer be used. "It is entitled to see that from its earnings the value of *45 the property is kept unimpaired, so that at the end of any given term of years the original investment shall remain as it was at the beginning. It is not only the right of the company to make such provision,... | |
 | Samuel Charles Wiel - Riparian rights - 1911 - 1112 pages
...gradually waste, without niakirj provision out of earnings for its replacement. It is entitled to see tlat from earnings the value of the property invested is kept unimpaired, so that, nt the end of any given term of years the original investment remains as it was in the beginning."... | |
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