The power to create liens on corporate property by public utilities in the District of Columbia is hereby declared to be a special privilege, the right of supervision, regulation, restriction, and control of which is hereby vested in the Public Service Commission of the District of Columbia, and such power shall be exercised according to the provisions of this subtitle.
(Mar. 4, 1913, 37 Stat. 990, ch. 150, § 8, par. 72; Aug. 30, 1964, 78 Stat. 634, Pub. L. 88-503, § 21.)
1981 Ed., § 43-701.
1973 Ed., § 43-801.
Structure District of Columbia Code
Chapter 5 - Issuance of Securities
§ 34–501. Creation of liens on property of utilities; supervision by Commission
§ 34–502. Certificate showing authority to issue stock or pay dividends to be obtained
§ 34–503. Stocks not to be issued until certificate is recorded
§ 34–505. Application of proceeds of stock
§ 34–506. Stock to be void unless law is complied with
§ 34–507. Penalty for improper issuance or application of stock or proceeds