 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...  The New York Supplement - Page 7631918Full view - About this book
 | San Francisco (Calif.) - 1910 - 1586 pages
...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...is not only the right of the company to make such provision, but it is its duty to its bond and stockholders, and. in the ease of a public service corporation... | |
 | United States. Interstate Commerce Commission - 1933 - 1174 pages
...values have advanced, the allowance is not sufficient to maintain the level of efficiency. The ntility " is entitled to see that from earnings the value of...original investment remains as it was at the beginning." Knoxville v. Knoxvitte Water Co., 212 US 1, 13-14. This naturally calls for expenditures equal to the... | |
 | 1909 - 1234 pages
...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...right of the company to make such a provision, but is its duty to its bond and stockholders, and, in the case of a public service corporation at least,... | |
 | United States. Supreme Court - 1909 - 740 pages
...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...term of years, the original investment remains as it was^i at the'beginning. It is not only the right I* of the company to make such a provision, but it... | |
 | Virginia. State Corporation Commission - 1910 - 1420 pages
...see its property gradually waste, without making pro' vision out of the earnings for its replacement. It is entitled to see that from earnings 'the value...such a provision, but it is its duty to its bond and •stockholders, and in case of a public service corporation, at least, its plain duty to the •public.... | |
 | William Arthur Chase - 1911 - 572 pages
...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...such a provision, but it is its duty to its bond and stockholders, and, in the case of a public service corporation at least, its plain duty to the public.... | |
 | 1911 - 662 pages
...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 company to make such a provision, but it is the duty to its bond and stockholders, and, in the case of a public service corporation at least, its... | |
 | California. Supreme Court - 1911 - 972 pages
...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...original investment remains as it was at the beginning.' This is in line with what was said by Chief Justice Beatty in San Diego Water Company v. San Diego,... | |
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