 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 522by American Water Works Association - 1925 - 790 pagesFull view - About this book
 | San Francisco (Calif.) - 1910 - 1586 pages
...the parts of the property when they come to the end of their life. Tho company is not bound to see its property gradually waste, without making provision...is not only the right of the company to make such provision, but it is its duty to its bond and stockholders, and. in the ease of a public service corporation... | |
 | 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. Interstate Commerce Commission - 1911 - 1140 pages
...the parts of the property when they come to the end of their life. The company Is not bound to see Its property gradually waste without making provision...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... | |
 | California. Supreme Court - 1911 - 972 pages
...occur in much of the property used in such a service. The court said : 'The company is not bound to see its property gradually waste, without making provision...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,... | |
 | Abraham Clark Freeman - 1911 - 1268 pages
...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, but it is its duty to its bond and stockholders and, in the case of a public service corporation... | |
 | Samuel Charles Wiel - 1911 - 1112 pages
...entitled to see tlat from earnings the value of the property invested is kept unimpaired, so that, nt the end of any given term of years the original investment remains as it was in the beginning." In Spring Valley W. Co. v. San Francisco, Ifi5 Fed. 667, it is held: "A» ordinance... | |
 | 1912 - 1248 pages
...end of their life. The company is not bound to see its property gradually waste, without making ment. It Is entitled to see that from earnings the value...is not only the right of the company to make such а provision, but it Is its duty to its bond and stockholders, and, in the case of a public service... | |
 | Robert Harvey Whitten - 1912 - 850 pages
...invested is kept unimpaired, so that at the of any given term of years the original investment remains was at the beginning. It is not only the right of the company" make such a provision, but it is its duty to its bond and holders, and, in the case of a public service... | |
| |
