...the commission for authority to issue stocks, bonds, notes or other evidence of indebtedness except for the acquisition of property, the construction, completion, extension or improvement of its facilities, or trie improvement or maintenance of its service within the state, or the discharge or...

...evidence of indebtedness is to be put, with a definite statement of how much is to be used severally for the acquisition of property, the construction, completion, extension or improvement of facilities, the improvement of its service, the maintenance of its service, the discharge or refunding...

...street railroad corporation organized or existing or hereinafter incorporated, under or by virtue of the laws of the state of New York, may issue stocks, bonds,...thereof, when necessary for the acquisition of property .... provided and not otherwise, that there •hall have been secured from the proper commission an...

...the provision of the Public Service Commissions Law prohibiting railroad corporations from issuing "stocks, bonds, notes or other evidence of indebtedness...of more than twelve months after the date thereof' without permission from the proper commission. Albert II. Harris and Thomas Emery for appellant. Ledyard...

...authority of the proper Commission, shall be void. It is to be observed that the statute only applies to stocks, bonds, notes or other evidence of indebtedness,...of more than twelve months after the date thereof. The complaint does not allege when the bonds in question were payable. But passing that question and...

...stocks, bonds. J™"*n°£ notes or other evidences of indebtedness, payable at periods of °fjandebted' more than twelve months after the date thereof, when...property, the construction, completion, extension, improvement or equipment of its plant, or the improvement or maintenance of its service, or for the...

...and other l^Si bonds' evidences of indebtedness, payable at periods of more than twelve mouths after date thereof, when necessary for the acquisition of...construction, completion, extension or improvement of its facilities or for the improvement or maintenance of its service, or for the reorganization, or readjustment...

...of this State unless authorized to do so by the Commission. Section 27, relating to the issuance of stocks, bonds, notes or other evidence of indebtedness payable at periods of more than twelve months, provides that a common carrier or railroad corporation existing under the laws of Maryland may issue...

...other expenses reasonably required in connection with the financing and construction of its property, for the acquisition of property, the construction,...completion, extension, or improvement of its plant. distributing system, or facilities, or for the improvement of its service, or for the discharge or...

...Commerce Commission on or prior to the date of issuance of any stocks, bonds, notes or other evidences of indebtedness payable at periods of more than twelve months after the date thereof, and now or hereafter to be authorized, a certificate of notification in such form as the Commission...