 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...  The New York Supplement - Page 7631918Full view - About this book
 | San Francisco (Calif.) - 1910 - 1586 pages
...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...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 - Interstate commerce - 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... | |
 | Municipal government - 1909 - 1234 pages
...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...right of the company to make such a provision, but is its duty to its bond and stockholders, and, in the case of a public service corporation at least,... | |
 | United States. Supreme Court - Law reports, digests, etc - 1909 - 740 pages
...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...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... | |
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