Okla. Stat. tit. 17, § 17-185
This is the official text of Okla. Stat. tit. 17, § 17-185, part of Oklahoma’s Stat. tit. 17, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 17,." Browse the sections below, each linked to its official government source.
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Application - Filing - Examination - Issuance of
Official statutory text
certificate.
(1) Any public utility desiring to issue securities, or to
create liens to secure evidences of indebtedness, shall file with
the Commission an application verified by its president or vice-
president, (or by the signers of its articles of organization if it
has not yet elected officers), setting forth: (1) The amount and
character of the proposed securities or liens; (2) the general
purposes for which they are to be issued or created, including a
description and statement of the value of any property or services
that are to be received in full or partial payment for the
securities or in a proper case the evidences of indebtedness to be
secured by the lien or liens, and of any property or services
already received by the public utility, the cost of which is to be
reimbursed to the public utility by the proceeds of such securities
or evidences of indebtedness; and (4) a balance sheet of the public
utility as of the most recent available date.
(2) The Commission shall examine all applications filed with it
pursuant to this act, and if the proposed issue of securities or
creation of lien or liens complies with the provisions of this act,
it shall issue to the public utility a certificate of authority
permitting such issue or creation.
(1) Any public utility desiring to issue securities, or to
create liens to secure evidences of indebtedness, shall file with
the Commission an application verified by its president or vice-
president, (or by the signers of its articles of organization if it
has not yet elected officers), setting forth: (1) The amount and
character of the proposed securities or liens; (2) the general
purposes for which they are to be issued or created, including a
description and statement of the value of any property or services
that are to be received in full or partial payment for the
securities or in a proper case the evidences of indebtedness to be
secured by the lien or liens, and of any property or services
already received by the public utility, the cost of which is to be
reimbursed to the public utility by the proceeds of such securities
or evidences of indebtedness; and (4) a balance sheet of the public
utility as of the most recent available date.
(2) The Commission shall examine all applications filed with it
pursuant to this act, and if the proposed issue of securities or
creation of lien or liens complies with the provisions of this act,
it shall issue to the public utility a certificate of authority
permitting such issue or creation.
Status: in_force · Read it on the official government site
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