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 of the making of any such loan, and as a condition precedent to the entry of the order of approval or validation, there shall be paid an additional fee equal to one tenth of one percent of the proposed selling price of the securities and the amount of the loan, subject to credit by the amount of such filing fee, and limited, as to any one issue of securities, whether issued at once or from time to time, and as to any one loan to the amount of $250.
A public service company may seek approval in one application of more than one issue of securities and more than one loan. In that event, the filing fee shall be twenty-five dollars, and the additional fees shall be computed as if all the issues and loans were one issue or one loan.
A public service company that has paid filing fees and additional fees aggregating $250 on account of the approval of loans from the United States may apply for the approval of further loans from the United States on payment of a filing fee and without payment of additional fees.
A filing fee shall in no case be returnable, but additional fees paid in advance of approval shall be returned, in whole or in part, should the application be withdrawn or modified or disapproved in whole or in part.
1934, p. 226; Michie Code 1942, § 4073(16); 1956, c. 429.
Structure Code of Virginia
Title 56 - Public Service Companies
Chapter 3 - Issuance of Stocks, Bonds, Etc.
§ 56-56. Issue of securities a special privilege subject to regulation
§ 56-57. Securities to which chapter is applicable
§ 56-58. Purposes for which stock, etc., may issue
§ 56-59. Order required before acting as surety, guarantor, etc.
§ 56-60. Application for order authorizing issuance of securities or assumption of liabilities
§ 56-61. Action of Commission on such application
§ 56-62. Joint action with commission of another state
§ 56-63. Appeal from decision of Commission on issuance of securities
§ 56-65. Exceptions as to issue of stock, etc., in treasury, etc.
§ 56-65.1. Short-term indebtedness
§ 56-66. No authority to capitalize permit, franchise or contract for consolidation
§ 56-67. Issuance of securities or assumption of liability void if order not obtained
§ 56-67.1. Validity of authorized securities
§ 56-68. No licensed salesman required when securities approved under this chapter
§ 56-69. Purposes to which proceeds of security issues may be applied
§ 56-70. Accounting for disposition of proceeds of issue of securities
§ 56-71. Violations of provisions of chapter; penalty
§ 56-72. Acts of officers, etc., bind company
§ 56-73. Penalty as to officers, etc., for violation of provisions of chapter
§ 56-74. State not obligated to pay or guarantee
§ 56-75. Fees in connection with applications for authority to issue securities