No authority to capitalize permit, franchise or contract for consolidation (§ 56-66)—Virginia Decoded

No authority to capitalize permit, franchise or contract for consolidation

The Commission shall have no power to authorize the capitalization of any franchise or permit whatsoever or the right to own, operate or enjoy any such franchise or permit, in excess of the amount (exclusive of any tax or annual charge) actually paid to the Commonwealth or to a political subdivision thereof as the consideration for the grant of such franchise, permit or right. No contract for consolidation shall be capitalized, and no public service company hereafter shall issue any bonds, notes or other evidences of indebtedness against or as a lien upon any contract for consolidation or merger.

History

1934, p. 224; Michie Code 1942, § 4073(8); 1987, c. 204.

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Court Decisions

. . . United States v. Joseph Willie Kennedy, A/K/A Snake, United . . . (Court of Appeals for the Fourth Circuit, 08/17/94)
. . . See Kotteakos v. United States, 328 U.S. 750, 755-56, 66 S.Ct. 1239, 1243, 90 L.Ed. 1557 (1946); . . .

United States v. J. Wilton Hunt, Sr. (Court of Appeals for the Fourth Circuit, 11/28/84)
. . . trustworthiness" mandated by Ohio v. Roberts, 448 U.S. 56, 66, 100 S.Ct. 2531, 2539, 65 L.Ed.2d 597 . . .

Carter v. Commonwealth (SCV, 10/14/68)
. . . from United States Rabinowitz, 339 U.S. 56, 66, 70 S.Ct. 430, 435, 94 L.ed. 653, *321 660 . . .

. . . United States v. Robert Preston Smith, United States of . . . (Court of Appeals for the Fourth Circuit, 06/05/86)
. . . reliability.' " Ohio v. Roberts, 448 U.S. 56, 66, 100 S.Ct. 2531, 2539, 65 L.Ed.2d 597 (1980). . . .

Riner v. Com. (SCV, 09/17/04)
. . . " as required by Ohio v. Roberts, 448 U.S. 56, 66, 100 S.Ct. 2531, 65 L.Ed.2d 597 (1980). We . . .

Cumbee v. Com. (SCV, 04/20/79)
. . . limited class." *115 People v. Jelke, 308 N.Y. 56, 66, 123 N.E.2d 769, 774 (1954). See generally . . .

United States v. Charlie Lee Powell (Court of Appeals for the Fourth Circuit, 06/16/69)
. . . reasonable." United States v. Rabinowitz, 339 U.S. 56, 66, 70 S.Ct. 430, 435, 94 L.Ed. 653 (1950); . . .

Harris v. Com. (COA, 06/16/98)
. . . witnesses against him. See Ohio v. Roberts, 448 U.S. 56, 66, 100 S.Ct. 2531, 2539, 65 L.Ed.2d 597 . . .

Harris v. Commissioner of Internal Revenue (Court of Appeals for the Fourth Circuit, 04/08/49)
. . . justified. See Helvering v. Safe Deposit Co., 316 U.S. 56, 66-67, 62 S.Ct. 925, 86 L.Ed. 1266, 139 . . .

. . . William Harris Sharpe v. United States of America, Donald . . . (Court of Appeals for the Fourth Circuit, 09/04/81)
. . . (quoting United States v. Rabinowitz, 339 U.S. 56, 66, 70 S.Ct. 430, 435, 94 L.Ed.2d 653 (1950). . . .

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