Venner v. Michigan Railroad Commission
Michigan Supreme Court
Certiorari by Clarence H. Venner and another to review an order of the Michigan railroad commission granting permission to the New York Central Railroad Company to issue bonds.
1DissentBird, C. J.
The New York Central Railroad Company filed its application with the Michigan railroad commission, praying permission to issue $25,000,000 of new capital stock to reimburse its treasury for expenditures already made on capital account. Accompanying the petition was a schedule of the expenditures which it desired capitalized.
The plaintiffs, as stockholders of that company, appeared before the commission and opposed the granting of the order prayed for. A hearing followed in which plaintiffs participated but at the conclusion *574thereof their objections were overruled and the prayer of the…
2Cases cited1 opinion
- Peninsular Power Co. v. Secretary of StateMichigan Supreme Court · 1912
3Cited by2 opinions
- Attorney General v. Michigan Public Service CommissionMichigan Supreme Court · 1982
- Hillsdale Light & Fuel Co. v. Michigan Public Utilities CommissionMichigan Supreme Court · 1922