In re Staten Island Edison Corp.
This text of 240 A.D. 743 (In re Staten Island Edison Corp.) is published on Counsel Stack Legal Research, covering Appellate Division of the Supreme Court of the State of New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
Determination confirmed, with fifty dollars costs and disbursements. Hill, P. J., Rhodes, Crapser and Bliss, JJ., concur; Heffernan, J., dissents on the ground that the proposed bond issue in this case is reasonably required for refunding purposes, and that the expenditure to be refunded as a capital is distinct from an operating or income [744]*744charge. The debt which petitioner owes constitutes a lawful obligation. That being so it must be paid either in cash or by refunding bonds. In my judgment the Public Service Commission has misconstrued its authority.
Free access — add to your briefcase to read the full text and ask questions with AI
Cite This Page — Counsel Stack
240 A.D. 743, Counsel Stack Legal Research, https://law.counselstack.com/opinion/in-re-staten-island-edison-corp-nyappdiv-1933.