Bell Telephone Co. v. Public Service Commission

Opinion by

James, J.,

On July 31, 1934, the Public Service Commission on its own motion, entered a rule upon the Bell Telephone Company of Pennsylvania to show cause why it did not secure the approval of the Public Service Commission, as required by Article III, Section 11, (b) of the Public Service Company Law when, on and subsequent to July 1,1933, it borrowed cash for current requirements from the American Telephone & Telegraph Company and gave its notes therefor, payable less than twelve months after date and specifically why it did not secure the approval of the Commission when it borrowed…