Title 34 — Public Utilities.
37 chapters · 573 sections in this title.
D.C. Code § 34-501 Creation of liens on property of utilities; supervision by Commission
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The power to create liens on corporate property by public utilities in the District of Columbia is hereby declared to be a special privilege, the right of supervision, regulation, restriction, and control of which is hereby vested in the Public Service Commission of the District …
D.C. Code § 34-502 Certificate showing authority to issue stock or pay dividends to be obtained
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No public utility shall hereafter issue any stocks, stock certificates, bonds, mortgages, or any other evidences of indebtedness payable in more than 1 year from date, or pay any stock, bond or scrip dividend, until it shall have first obtained the certificate of the Commission s…
D.C. Code § 34-503 Stocks not to be issued until certificate is recorded
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No public utility shall issue any stocks, certificates of stock, bonds, or other evidences of indebtedness for money, property, or services, either directly or indirectly, nor shall it receive any money, property, or services in payment of the same, either directly or indirectly,…
D.C. Code § 34-504 Issue of stocks for purpose of reorganization or consolidation; approval of consolidation by Commission
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No public utility shall issue any stocks, certificates of stock, bonds, or other evidences of indebtedness secured on its property in the District of Columbia for the purpose of any reorganization or consolidation in excess of the total amount of the stocks, certificates of stock…
D.C. Code § 34-505 Application of proceeds of stock
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No public utility shall apply the proceeds of any such stock, certificates of stock, bonds, or other evidences of indebtedness to any other purpose or issue the same on any less favorable terms than that specified in the certificate issued by the Commission.
D.C. Code § 34-506 Stock to be void unless law is complied with
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All stocks, certificates of stock, bonds, and other evidences of indebtedness issued contrary to the provisions of this subtitle shall be void.
D.C. Code § 34-507 Penalty for improper issuance or application of stock or proceeds
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Any public utility, or any agent, director, or officer thereof, who shall, directly or indirectly, issue or cause to be issued any stocks, certificates of stock, bonds, or other evidences of indebtedness contrary to the provisions of this subtitle, or who shall apply the proceeds…