Author: California Public Commission

Publisher: Rarebooksclub.com

Published: 2013-09

Total Pages: 436

ISBN-13: 9781230099156

This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1920 edition. Excerpt: ...Company, its successors and assigns, will never claim, in any proceeding of any character, before the Railroad Commission or any other public authority, any value for the franchises or permits which California Telephone and Light Company may acquire from Mount Konocti Light and Power Company, in excess of the amount which was paid by the original grantee of such franchises or permits to the public authority granting the same, which amount shall be specified in said stipulation. (3) Within sixty days after the acquisition of the properties of Mount Konocti Light and Power Company, California Telephone and Light Company shall submit to this Commission, for approval, all book entries relative to the transfer and purchase of the properties of Mount Konocti Light and Power Company; also a verified copy of the instrument of conveyance. (4) The consideration at which public utility properties are herein authorized to be transferred shall not be considered as a measure of value of said properties for rate making or any purpose other than the transfer herein authorized. (5) The authority herein granted to issue bonds will not become etfective until California Telephone and Light Company has paid the fee prescribed by the Public Utilities Act. (6) California Telephone and Light Company shall keep such record of the issue and sale of the bonds herein authorized, and of the disposition of the proceeds, as will enable it to file on or before the twentyfifth day of each month a verified report as required by the Railroad Commission 's General Order, which order, in so far as applicable, is made a part of this order. _ (7) The authority herein granted will apply only to such transfer as may be made and to such bonds as'may be issued on or before...