The commission shall have the power to require every public utility, other than municipalities, to account for the disposition of the proceeds of all sales of stocks, bonds, notes, or other evidence of indebtedness, in such form and detail as it may deem advisable. Also, the commission shall have the power to establish such rules as it may deem necessary to insure the disposition of the proceeds for the purpose specified in its order.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 1 - Public Utilities And Carriers
Chapter 3 - Regulation of Utilities and Carriers Generally
Subchapter 1 - General Provisions
§ 23-3-101. Organization or reorganization
§ 23-3-102. Consolidations, stock purchases in another utility, or rentals of additional property
§ 23-3-103. Stocks, bonds, notes, etc., and creation of liens — Regulation by commissions
§ 23-3-104. Stocks, bonds, notes, etc. — Issuance
§ 23-3-105. Stocks, bonds, notes, etc. — Amount of issue
§ 23-3-106. Stocks, bonds, notes, etc. — Disposition of proceeds
§ 23-3-107. Stocks, bonds, notes, etc. — Liability of state
§ 23-3-108. Domestication of foreign railroad, pipeline, or electric light and power corporations
§ 23-3-109. Annual statements of gross earnings
§ 23-3-110. Annual fees generally
§ 23-3-111. Fees — Foreign companies doing intrastate business
§ 23-3-112. Forms sent to utilities to be filled out and returned
§ 23-3-113. Adequate service, facilities, etc., to be provided
§ 23-3-114. Unreasonable preferences prohibited
§ 23-3-115. Wires transmitting electricity or messages over public or private ways
§ 23-3-117. Contracts for interruptible service with industrial users