The company is not bound to see its property gradually waste, without making provision out of earnings for its replacement. It is entitled to see that from earnings the value of the property invested is kept unimpaired, so that at the end of any given... Water Works Practice - Page 523by American Water Works Association - 1925 - 790 pagesFull view - About this book
| 1941 - 1100 pages
[ Sorry, this page's content is restricted ] | |
| United States. Interstate Commerce Commission - 1933 - 1174 pages
...values have advanced, the allowance is not sufficient to maintain the level of efficiency. The ntility " is entitled to see that from earnings the value of...original investment remains as it was at the beginning." Knoxville v. Knoxvitte Water Co., 212 US 1, 13-14. This naturally calls for expenditures equal to the... | |
| United States. Supreme Court - 1909 - 740 pages
...when they come to the end of their life. The company is not bound to see its property gradually waste, without making provision out of earnings for its replacement....term of years, the original investment remains as it was^i at the'beginning. It is not only the right I* of the company to make such a provision, but it... | |
| California. Supreme Court - 1911 - 972 pages
...in such a service. The court said : 'The company is not bound to see its property gradually waste, without making provision out of earnings for its replacement....original investment remains as it was at the beginning.' This is in line with what was said by Chief Justice Beatty in San Diego Water Company v. San Diego,... | |
| United States. Interstate Commerce Commission - 1911 - 1140 pages
...when they come to the end of their life. The company Is not bound to see Its property gradually waste without making provision out of earnings for its replacement....original investment remains as It was at the beginning. Thus we see that again investments are used interchangeably with values. There also is cited Railway... | |
| Abraham Clark Freeman - 1911 - 1256 pages
...can no longer be used. "It is entitled to see that from its earnings the value of *45 the property is kept unimpaired, so that at the end of any given term of years the original investment shall remain as it was at the beginning. It is not only the right of the company to make such provision,... | |
| |