Ga. Comp. R. & Regs. 515-4-1-.05

Current through Rules and Regulations filed through October 17, 2024
Rule 515-4-1-.05 - Use of Proceeds from Desired Issues

Said petition shall contain a statement of the use to which the capital to be secured by the issue of such stock, bonds, or notes is to be put, with a definite statement of how much is to be used for the acquisition of property; how much for the construction and equipment of power plants; how much for car sheds, and the completion, extension, or improvement of its facilities or properties; how much for the improvement and maintenance of its service; how much for the discharge or lawful refund of its obligations, or for lawful corporate purposes.

Ga. Comp. R. & Regs. R. 515-4-1-.05

Ga. L. 1878-79, p. 125; 1907, pp. 72-75; 1922, pp. 143, 144; 1950, p. 311; 1956, pp. 104, 105; 1970, p. 104; 1972, pp. 138, 439, 615; 1973, pp. 200-220.

Original Rule was filed on December 29, 1975; effective January 1, 1976, as specified by Ga. L. 1975, p. 411.