Midland Municipalities: Official Publication League of Iowa Municipalities, League of Nebraska Municipalities, League of Kansas Municipalities, Volumes 17-21F.G. Pierce, 1909 |
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Common terms and phrases
90 WEST STREET advertising annual ANSON MARSTON assessment bill Bitulithic board of health bonds Brick building Cedar Rapids cent charge CHICAGO cities and towns City Attorney City Clerk city council city government city officials city or town Code commission commissioner committee concrete construction corporations cost Council Bluffs Councilman court election electric light Engineer expense fire FORT DODGE franchise FRANK G fund furnish gallons give grade improvements interest Iowa ipal Kansas League of lowa legislation legislature levy light plant Lincoln Loup City lowa City lowa Municipalities Marshalltown Mayor meeting membership ment Midland Municipalities Moines municipal officials nicipal operating ordinance Ottumwa pavement paving PIERCE population PORTLAND CEMENT pump question railroad sanitary Secretary Section sewage sewer sidewalk street STREET CHICAGO tank taxation tion uniform vote Warren Brothers WATER METERS Waterloo waterworks Webster City
Popular passages
Page 7 - What the company is entitled to demand, in order that it may have just compensation, is a fair return upon the reasonable value of the property at the time it is being used for the public.
Page 36 - The company is not bound to see its property gradually waste, without making provision out of earnings for its replacement. It is entitled to see that from earnings the value of the property invested is kept unimpaired, so that at the end of any given term of years the original investment remains as it was at the Opinion of the Court.
Page 17 - If a different course were pursued, the only method of providing for replacement of property which has ceased to be useful would be the investment of new capital and the issue of new bonds or stocks.
Page 18 - If, however, a company fails to perform this plain duty and to exact sufficient returns to keep the investment unimpaired, whether this is the result of unwarranted dividends upon over-issues of securities, or of omission to exact proper prices for the output, the fault is its own. When, therefore, a public regulation of its prices comes under question the true value of the property then employed for the purpose of earning a return cannot be enhanced by a consideration of the errors in management...
Page 17 - Before coming to the question of profit at all the company is entitled to earn a sufficient sum annually to provide not only for current repain, but for making good the depreciation and replacing the parts of the property when they come to the end of their life. The company is not bound to see its property gradually waste, without making provision out of earnings for its replacement.
Page 70 - Uphold us, cherish, and have power to make Our noisy years seem moments in the being Of the eternal Silence: truths that wake, To perish never; Which neither listlessness, nor mad endeavour, Nor Man nor Boy, Nor all that is at enmity with joy, Can utterly abolish or destroy!
Page 8 - ... would be at once and unfavorably affected, but how much so it is not possible for us now to see. The value would most certainly not increase. The question of the regulation of rates did from time to time thereafter arise in the...
Page 9 - ... per cent would be enough to avoid the charge of confiscation, and for the reason that a return of such an amount was the return ordinarily sought and obtained on investments of that degree of safety in the city of New York. Taking all facts into consideration, we concur with the court below on this question, and think complainant is entitled to 6 per cent on the fair value of its property devoted to the public use.