CODE OF VIRGINIA

VIOLATIONS OF PROVISIONS OF CHAPTER; PENALTY (§ 56-71)

Every public service company which, directly or indirectly, issues or causes to
be issued any stock or stock certificate or other evidence of interest or
ownership, or bond, note or other evidence of indebtedness, otherwise than in
conformity with the order of the Commission authorizing the same, or contrary to
the provisions of this chapter, or which applies the proceeds from the sale
thereof, or any part thereof, to any purpose other than the purpose or purposes
specified in the Commission’s order, as provided in this chapter, or to
any purpose specified in such order in excess of the amount in such order
authorized for such purpose, shall be subject, in a proceeding before the
Commission under rule to show cause, to a penalty of not more than $ 1,000 for
each offense. Every violation of any such order, rule, direction, demand or
requirement of the Commission, or of any provision of this chapter, shall be a
separate and distinct offense and in case of continuing violation every
day’s continuance thereof shall be deemed to be a separate and distinct
offense. The Commission shall also have jurisdiction, in a proceeding under §
13.1-519, to issue a cease and desist order enjoining any further or threatened
violation of the provisions of this chapter.

HISTORY: 1934, p. 225; Michie Code 1942, § 4073(12).