Amendments to Common Carrier Sections of Communications Act: Hearing Before the Subcommittee on Communications of the Committee on Interstate and Foreign Commerce, United States Senate, Eighty-fourth Congress, First Session, on S. 1456, a Bill to Amend Sections 212, 219 (a), 221 (a), and 410 (a) of the Communications Act of 1934, as Amended. June 21, 1955

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U.S. Government Printing Office, 1955 - Всего страниц: 15
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Considers legislation to revise strictures against telephone company interlocking directorates membership and to revise regulatory requirements on telephone company acquisitions and mergers.

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Стр. 3 - ... (12) After December 31, 1921, it shall be unlawful for any person to hold the position of officer or director of more than one carrier, unless such holding shall have been authorized by order of the Commission? upon due showing, in form and manner prescribed by the Commission, that neither public nor private interests will be adversely affected thereby.
Стр. 1 - It shall be unlawful for any person to hold the position of officer or director of more than one carrier subject to this Act, unless such holding shall have been authorized by order of the Commission, upon due showing in form and manner prescribed by the Commission, that neither public nor private interests will be adversely affected thereby...
Стр. 4 - If the Commission shall consider it necessary in order to determine whether the findings specified below may properly be made, it shall set said application for public hearing; and a public hearing shall be held in all cases where carriers by railroad are involved unless the Commission determines that a public hearing is not necessary in the public interest.
Стр. 2 - Such annual reports shall show in detail the amount of capital stock issued, the amounts paid therefor, and the manner of payment for the same ; the dividends paid, the surplus fund, if any, and the number of stockholders; the funded and floating debts and the interest paid thereon ; the cost and value of the carrier's property, franchises, and...
Стр. 2 - ... the amounts expended for improvements each year, how expended, and the character of such improvements; the earnings and receipts from each branch of business and from all sources; the operating and other expenses; the balances of profit and loss; and a complete exhibit of the financial operations of the carrier each year, including an annual balance sheet. Such reports shall also contain such information in relation to rates or regulations concerning fares or freights, or agreements, arrangements,...
Стр. 2 - Commission is hereby authorized to require annual reports from all common carriers subject to the provisions of this Act, and from the owners of all railroads engaged in interstate commerce as defined in this Act, to prescribe the manner in which such reports shall be made, and to require from such carriers specific answers to all questions upon which the Commission may need information.
Стр. 1 - ... or to share in any of the proceeds thereof, or to participate in the making or paying of any dividends of an operating carrier from any funds properly included in capital account.
Стр. 1 - Commission may obtain from such carriers and from persons directly or indirectly controlling or controlled by, or under direct or indirect common control with...
Стр. 4 - ... shall have all the jurisdiction and powers conferred by law upon the Commission, and be subject to the same duties and obligations.
Стр. 5 - Except as otherwise required by the Commission, such annual reports shall show in detail the amount of capital stock issued, the amount and privileges of each class of stock, the amounts paid therefor, and the manner of payment for the same; the dividends paid and the surplus fund, If any; the number of stockholders (and the names of the thirty largest...

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