No public utility shall hereafter issue any stocks, stock certificates, bonds, mortgages, or any other evidences of indebtedness payable in more than 1 year from date, or pay any stock, bond or scrip dividend, until it shall have first obtained the certificate of the Commission showing authority for such issue from the Commission.
(Mar. 4, 1913, 37 Stat. 990, ch. 150, § 8, par. 73; Aug. 4, 1955, 69 Stat. 485, ch. 545, § 2.)
1981 Ed., § 43-702.
1973 Ed., § 43-802.
Penal provisions, stock issue by false statements, see § 34-701.
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