People Ex Rel. Delaware & Hudson Co. v. Stevens
New York Court of Appeals
Appeal from an order of the Appellate Division of the Supreme Court in the third judicial department, entered September 80, 1909, which reversed, annulled and set aside an order of the public service commission refusing the relator’s application for leave to issue certain bonds, and remitted the proceedings to said commission for further action. The facts, so far as material, are stated in the opinion.
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Appeal from an order of the Appellate Division of the Supreme Court in the third judicial department, entered September 80, 1909, which reversed, annulled and set aside an order of the public service commission refusing the relator’s application for leave to issue certain bonds, and remitted the proceedings to said commission for further action. The facts, so far as material, are stated in the opinion. The commission kept within its powers in refusing to permit the railroad properties of the Delaware and Hudson Company to be charged with the whole of the cost of the disconnected Hudson Valley…
1Opinion of the CourtHaight, J.
The Delaware and Hudson Company, a domestic railroad corporation, in June, 1908, applied to the public service commission for its consent to mortgage its railroad property, rights and franchises pursuant to subdivision ten of section four of the Bailroad Law, to secure an issue of $50,000,000 of its first and refunding mortgage.gold bonds maturing the first day of May, 1943, and that the company may be permitted to then issue $26,500,000 of its four per cent bonds secured by such mortgage for the purpose of refunding or paying $19,132,500 of its outstanding note obligations and to execute and…
2Cases cited1 opinion
- Lord v. Equitable Life Assurance Society of the United StatesNew York Court of Appeals · 1909
3Cited by47 opinions
- State ex rel. Southwestern Bell Telephone Co. v. Public Service Commission of MissouriSupreme Court of the United States · 1923
- Consolidated Gas Co. of New York v. NewtonDistrict Court, S.D. New York · 1920
- Rochester Gas & Electric Corp. v. PubLic Service CommissionNew York Court of Appeals · 1988
- People Ex Rel. Binghamton Light, Heat & Power Co. v. StevensNew York Court of Appeals · 1911
- Havre De Grace & Perryville Bridge Co. v. TowersCourt of Appeals of Maryland · 1918
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