Utility Corporations: Letters from the Chairman of the Federal Trade Commission Transmitting, in Response to Senate Resolution No. 83, 70th Congress, a Monthly Report on the Electric Power and Gas Utilities Inquiry, Utgave 70

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U.S. Government Printing Office, 1935
 

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Side 391 - The property is held in private ownership and it is that property, and not the original cost of it, of which the owner may not be deprived without due process of law.
Side 383 - Class legislation, discriminating against some and favoring others, is prohibited, but legislation which, in carrying out a public purpose, is limited in its application, if within the sphere of its operation it affects alike all persons similarly situated, is not within /the amendment.
Side 391 - 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.
Side 707 - To do each and every thing necessary, suitable or proper for the accomplishment of any one of the purposes or the attainment of any one or more of the objects herein enumerated ; or conducive to or expedient for the interest or benefit of the association; and to contract accordingly...
Side 576 - To take and hold such voluntary grants of real estate and other property as shall be made to it, to aid in the construction, maintenance and accommodation of its railroad ; but the real estate received by voluntary grant shall be held and used for the purposes of such grant only.
Side 410 - In general, to carry on any other business in connection with the foregoing, and to have and exercise all the powers conferred by the laws of Delaware upon corporations formed under the act hereinafter referred to, and to do any or all of the things hereinbefore set forth to the same extent as natural persons might or could do.
Side 391 - It is impossible to ascertain what will amount to a fair return upon properties devoted to public service without giving consideration to the cost of labor, supplies, etc., at the time the investigation is made. An honest and intelligent forecast of probable future values made upon a view of all the relevant circumstances, is essential. If the highly important element of present costs is wholly disregarded such a forecast becomes impossible.
Side 385 - The function of rate making is purely legislative in its character ; and this is true, whether it is exercised directly by the legislature itself or by some subordinate or administrative body, to whom the power of fixing rates in detail has been delegated.
Side 384 - The Legislature is invested with full power to pass laws for the correction of abuses and to prevent unjust discrimination and excessive charges by persons and corporations engaged as common carriers in transporting persons and property, or performing other services of a public nature: and shall provide for enforcing such laws by adequate penalties or forfeitures.
Side 410 - The foregoing clauses shall be construed both as objects and powers ; and it Is hereby expressly provided that the foregoing enumeration of specific powers shall not be held to limit or restrict in any manner the powers of this •corporation.

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