California Public Utilities Code

§ 817

PUC § 817Div. 1 · Part 1 · Ch. 4 · Art. 5

Statute text

A public utility may issue stocks and stock certificates or other evidence of interest or ownership, and bonds, notes, and other evidences of indebtedness payable at periods of more than 12 months after the date thereof, for any one or more of the following purposes and no others:

(a)For the acquisition of property.

(b)For the construction, completion, extension, or improvement of its facilities.

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Legislative history

Amended by Stats. 1959, Ch. 1370.