The Financing of Public Service Corporations |
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Common terms and phrases
actual agreement amortization amount applied assets authority balance sheet become bond issues bondholders borrow capital stock cash cent certificates of stock charges charter collateral common stock coupon bonds creditors debentures declaration deed of trust default dends directors discount dividends earnings enterprise equipment obligations exercise financing fixed funded debt holders income incorporation indebtedness instance interest Interstate Commerce Commission investment investors issue of stock jurisdiction liability lien loan matter maturity ment method necessary number of shares operations outstanding overcapitalization paid par value payable payment period persons poration preferred stock premium proceeds profits provisions Public Service Commission public service corporations public utility purchase purpose Railroad Company refunding regulation represent scrip securities shares of stock sinking fund specific statute stock issues stockholders stocks and bonds surplus term thereof tion transfer voting York York Central Railroad
Popular passages
Page 41 - ... in the absence of fraud in the transaction the judgment of the directors as to the value of the property purchased shall be conclusive...
Page 19 - Property does become clothed with a public interest when used in a manner to make it of public consequence, and affect the community at large.
Page 50 - ... (a) That the bill is genuine, (b) That he has a legal right to transfer it, (c) That he has knowledge of no fact which would impair the validity or worth of the bill, and (d) That he has a right to transfer the title to the goods, and that the goods are merchantable or...
Page 113 - To divide, withdraw, or in any manner pay to the stockholders, or any of them, any part of the capital stock of the corporation ; or to reduce such capital stock without the consent of the legislature ; or 3.
Page 11 - Corporations may be formed under general laws; but shall not be created by special act, except for municipal purposes, and in cases where in the judgment of the Legislature, the objects of the corporation cannot be attained under general laws. All general laws and special acts passed pursuant to this section, may be altered from time to time or repealed.
Page 28 - ... that the commission shall keep itself informed as to the manner and method in which the business of the carriers is...
Page 382 - ... and expenses connected with taking depositions; also all legal and court expenses. When any of the expenditures above enumerated can be charged directly to the account for which incurred, they should be so charged and not to this account.
Page 426 - ... or for the reimbursement of moneys actually expended from income, or from any other moneys in the treasury of the corporation not secured by or obtained from the...
Page 21 - A railroad is a public highway, and none the less so because constructed and maintained through the agency of a corporation deriving its existence and powers from the State. Such a corporation was created for public purposes. It performs a function of the State.
Page 282 - It must dwell in the place of its creation, and cannot migrate to another sovereignty." The recognition of its existence even by other States, and the enforcement of its contracts made therein, depend purely upon the comity of those...