Alabama Statutes
§ 37-4-42 — Approval by Commission - Property Located Within Single Municipality
Alabama·Title 37 Public Utilities and Public Transportation·Ch. 4 Public Utilities Other Than Transportation Companies or Motor Vehicle Carriers·Art. 2 Property and Franchises·Div. 1 Sale of Lease in General
In cases where the property of the utility proposed to be sold and conveyed or leased lies within, and the franchises and public duties thereof relate to a single municipality, and in cases where such a utility is owned by a corporation, and its capital stock is proposed to be sold, the question whether the proposed sale and conveyance or lease is consistent with the interests of the public shall be determined by the governing body of such municipality, and also by the Public Service Commission, and if the governing body of such municipality and the commission shall each determine that the proposed sale and conveyance, or lease, is consistent with the interests of the public, their determination shall be shown by their approval of the proposed sale and conveyance or lease.
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Alabama § 37-4-42 (Approval by Commission - Property Located Within Single Municipality) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Acts 1915, No. 205, p. 268; Code 1923, §9826; Code 1940, T. 48, §338.)
Nearby Sections
15
§ 37-1-1
Commission Established§ 37-1-100
Effective Date of Orders§ 37-1-101
Modification of Orders§ 37-1-102
Record of Proceedings§ 37-1-105
Rehearing§ 37-1-122
Time for Appeal; How Appeal Perfected