State Regulation of the Securities of Railroads And Public Service Companies
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R. 1915, A618 (Massachusetts).
73 Delaware, Pennsylvania, South Dakota, West Virginia.
74 Code 1913, sec. 1641b.
71 Laws of 1910, 143, sec. 6.
22 STATUTORY LIMITATIONS face value of the stocks and not less than 75 per cent of the face value of the bonds.
The decisions, of the commissions conflict as to the proper measure of the value of the property, whether actual cost, reproduc- tion new, or present value. The Maryland commission refused to authorize the issuance of securities beyond the valu...e of a public service company's property, although the company had actually expended in the plant a larger sum than it sought to capitalize. 76 In contrast, New Hampshire granted authority to issue securities to cover the actual cost of construction, although a valuation showed a present cost of reproduction new somewhat less than the actual cost. 77 The Texas law permits the purchasers of a railroad to issue securities to the full value of the property, irrespective of the pur- chase price. The California commission gave consent to a reorgani- zation plan that involved the issue of securities beyond the value set by the company.
What to read after State Regulation of the Securities of Railroads And Public Service Companies?
You can find similar books in the "Read Also" column, or choose other free books by Mary Louise Barron to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
R. 1915, A618 (Massachusetts).
73 Delaware, Pennsylvania, South Dakota, West Virginia.
74 Code 1913, sec. 1641b.
71 Laws of 1910, 143, sec. 6.
22 STATUTORY LIMITATIONS face value of the stocks and not less than 75 per cent of the face value of the bonds.
The decisions, of the commissions conflict as to the proper measure of the value of the property, whether actual cost, reproduc- tion new, or present value. The Maryland commission refused to authorize the issuance of securities beyond the valu...e of a public service company's property, although the company had actually expended in the plant a larger sum than it sought to capitalize. 76 In contrast, New Hampshire granted authority to issue securities to cover the actual cost of construction, although a valuation showed a present cost of reproduction new somewhat less than the actual cost. 77 The Texas law permits the purchasers of a railroad to issue securities to the full value of the property, irrespective of the pur- chase price. The California commission gave consent to a reorgani- zation plan that involved the issue of securities beyond the value set by the company.
What to read after State Regulation of the Securities of Railroads And Public Service Companies?
You can find similar books in the "Read Also" column, or choose other free books by Mary Louise Barron to read onlineMoreLess
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