§ 56-73. Penalty as to officers, etc., for violation of provisions of chapter
Every officer, agent or employee of a public service company, and every other person (1) who knowingly authorizes, directs, aids in, issues or executes, or causes to be issued or executed, any stock or stock certificate or other evidence of interest or ownership, or bond, note or other evidence of indebtedness, otherwise than in conformity […]
§ 56-74. State not obligated to pay or guarantee
No provision of this chapter, and no deed or act done or performed under or in connection therewith, shall be held or construed to obligate the Commonwealth of Virginia to pay or guarantee, in any manner whatsoever, any stock or stock certificate or other evidence of interest or ownership, or bond, note or other evidence […]
§ 56-75. Fees in connection with applications for authority to issue securities
Upon the filing of an application for the approval of any issue of securities or the making of any loan under the provisions of this chapter, a filing fee in the amount of $25 shall be paid, and upon the approval or validation of any such issue of securities or upon the approval or validation […]
§ 56-71. Violations of provisions of chapter; penalty
Every public service company which, directly or indirectly, issues or causes to be issued any stock or stock certificate or other evidence of interest or ownership, or bond, note or other evidence of indebtedness, otherwise than in conformity with the order of the Commission authorizing the same, or contrary to the provisions of this chapter, […]
§ 56-72. Acts of officers, etc., bind company
For the purposes of this chapter the act, omission or failure of any officer, agent or employee of any public service company acting within the scope of his official duties or employment shall in every case be deemed to be the act, omission or failure of such public service company. 1934, p. 225; Michie Code […]
§ 56-68. No licensed salesman required when securities approved under this chapter
No licensed salesman shall be necessary in case of orders of approval or validation of securities under the provisions of this chapter. 1934, p. 227; Michie Code 1942, § 4073(16).
§ 56-69. Purposes to which proceeds of security issues may be applied
No public service company shall, without the consent of the Commission, apply the proceeds of the issue of any stock or stock certificate or other evidence of interest or ownership, or bond, note or other evidence of indebtedness, or any part thereof, to any purpose not specified in the Commission’s order, or to any purpose […]
§ 56-70. Accounting for disposition of proceeds of issue of securities
The Commission shall have the power to require public service companies to account for the disposition of the proceeds of all sales of stocks and stock certificates or other evidences of interest or ownership, and bonds, notes, and other evidences of indebtedness, in such form and detail as it may deem advisable, and to establish […]
§ 56-65.2. Repealed
Repealed by Acts 1976, c. 408.
§ 56-66. No authority to capitalize permit, franchise or contract for consolidation
The Commission shall have no power to authorize the capitalization of any franchise or permit whatsoever or the right to own, operate or enjoy any such franchise or permit, in excess of the amount (exclusive of any tax or annual charge) actually paid to the Commonwealth or to a political subdivision thereof as the consideration […]