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" ... unless and until, and then only to the extent that, upon application by the carrier, and after investigation by the commission of the purposes and uses of the proposed issue and the proceeds thereof, or of the proposed assumption of obligation or... "
United States Reports: Cases Adjudged in the Supreme Court at ... and Rules ... - Page 194
by United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - 1948
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Interstate Commerce Commission Reports: Reports and Decisions of the ...

United States. Interstate Commerce Commission - 1934 - 1060 pages
...indicated by the statute which it enacted. It therein provided that no stock or bond should be issued " unless and until, and then only to the extent that,...uses of the proposed issue and the proceeds thereof," the Commission by order authorizes such issue. The statute then provided that we should make an order...
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Interstate Commerce Commission Reports: Reports and Decisions of ..., Volume 348

United States. Interstate Commerce Commission - Interstate commerce - 1975 - 1030 pages
...this contention we cannot agree. By the terms of section 20a(2), we are required to investigate: *** the purposes and uses of the proposed issue and the. proceeds thereof *** and to authorize the issuance or assumption of securities only if we find: *** that such issue...
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United States Reports: Cases Adjudged in the Supreme Court at ..., Volume 287

United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - Courts - 1933 - 774 pages
...person, natural or artificial, even though permitted by the authority creating the carrier corporation, unless and until, and then only to the extent that,...obligation or liability in respect of the securities of any otherperson,natural or artificial, the commission by order authorizes such issue or assumption. The...
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Interstate Trade: Hearings Before the Committee on Interstate ..., Volume 1

United States. Congress. Senate. Committee on Interstate Commerce - Interstate commerce - 1914 - 670 pages
...to let you get the swing of it. This is at page 12, beginning at line 3: Nor unless and until, and to the extent that, upon application by the carrier,...by the commission of the purposes and uses of the issue and the proceeds thereof, such issue is approved by order of the commission as necessary and...
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Antitrust Legislation: Speeches in the U.S. Senate and House of Rep's 63d ...

1914 - 620 pages
...not tending to impair the financial ability of the carrier to discharge its duty to the public, nor unless and until, and then only to the extent that...application by the carrier, and after investigation by the United States Interstate Commerce Commission of the purposes and uses of the issue of stocks and bonds...
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Overissuance of Securities by Carriers: Hearing...on S. 3947,...to Amend Act ...

United States. U.S. Congress. Senate. Committee on interstate commerce - 1916 - 50 pages
...nor impair the ability of the corporation to perform its public service as a common carrier; and "(b) Unless and until, and then only to the extent that,...issue and the proceeds thereof, or of the proposed obligation, the commission shall find the same to be in compliance with the aforesaid provisions and...
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United States Congressional Serial Set, Issue 6904

United States - 1916 - 1304 pages
...intending to impair the financial ability of the carrier to discharge its duty to the public; and (b) unless and until, and then only to the extent that,...by the commission of the purposes and uses of the issue and the proceeds thereof, such issue is approved by order of the commission as reasonably necessary...
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Extension of Tenure of Government Control of Railroads, Volume 3

United States. Congress. Senate. Committee on Interstate Commerce - Railroads - 1919 - 1172 pages
...intending to impair the financial ability of the carrier to discharge its duty to the public; and "(b) Unless and until, and then only to the extent that,...by the commission of the purposes and uses of the issue and the proceeds thereof, such issue is approved by order of the commission as reasonably necessary...
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Extention of Tenure of Government Control of Railroads: Hearings...Wash. 1919

United States. Congress. Senate. Interstate commerce committee - 1919 - 1166 pages
...intending to impair the financial ability of the carrier to discharge its duty to the public: and "(b) Unless and until, and then only to the extent that,...after investigation by the commission of the purposes ami uses of the issue and the proceeds thereof, such issue is approved by order of the commission as...
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Congressional Serial Set

United States - 1919 - 1352 pages
...be unlawful for any such corporation to issue any security, or assume any obligation as aforesaid, unless and until, and then only to the extent that, upon application by the corporation, and after investigation by the Federal transportation board, of the purposes and uses...
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