§ 8-1-2-76 — Stocks, bonds, commercial paper, and other evidences of indebtedness; limitations upon authority to issue

No public utility shall hereafter issue for any
purposes connected with or relating to any part of its business, any
stocks, certificates of stock, bonds, notes or other evidences of
indebtedness, payable at periods of more than twelve (12) months, to
an amount exceeding that which may from time to time be reasonably
necessary, determined as provided for under this chapter, for the
purpose for which issue of stock, certificates of stock, bonds, notes or
other evidences of indebtedness may be authorized.
Formerly: Acts 1913, c.76, s.88. As amended by P.L.136-2018,
SEC.47.