Home/District of Columbia/Statutes/Title 34: Public Utilities./Ch. 5: Issuance of Securities./§ 34-505
District of Columbia Statutes

§ 34-505 — Application of proceeds of stock.

District of Columbia § 34-505
JurisdictionDistrict of Columbia
Title 34Public Utilities.
Ch. 5Issuance of Securities.

This text of District of Columbia § 34-505 (Application of proceeds of stock.) is published on Counsel Stack Legal Research, covering District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
D.C. Code § 34-505 (2026).

Text

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.

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Legislative History

Mar. 4, 1913, 37 Stat. 990, ch. 150, § 8, par. 77

Nearby Sections

15
§ 34-1001
Assignment of franchise; acquisition of stocks and bonds of competing utilities.
§ 34-1002
Antimerger law.
§ 34-101
Applicability of this subtitle.
§ 34-102
Corporations subject to this subtitle.
§ 34-1101
Utility service and charges to be just and reasonable; certification required.
§ 34-1102
Use of equipment of other companies; application to Commission to require such use in event of disagreement.
§ 34-1103
Commission to compel compliance with laws and ordinances.
§ 34-1104
Proposed changes in law to be submitted to Commission; hearings; recommendations to Congress.
§ 34-1105
Commission to ascertain cost of construction, replacement value, outstanding stock; information to be printed in annual report.
§ 34-1106
Property to be valued as of time of evaluation.
§ 34-1107
Valuation; notice and hearing; statement of valuation to be filed.
§ 34-1108
Revaluation.
§ 34-1109
Uniform accounts to be rendered; separate account of other business may be required.
§ 34-1110
Commission to prescribe forms of books and records.
§ 34-1111
Commission to furnish blank forms.
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Bluebook (online)
District of Columbia § 34-505, Counsel Stack Legal Research, https://law.counselstack.com/statute/dc/34-505.