Sec.16-43-1. General rule

These rules apply to all proceedings for the approval by the commissioners of any proposal of a public service company directly or indirectly to merge or consolidate with any other company, to sell, lease, assign, mortgage, or otherwise dispose of any essential part of its franchise, plant equipment or other property necessary or useful in the performance of its duty to the public; or to issue any notes, bonds or other evidence of indebtedness or securities of any nature for a longer period than one year; or to lend or borrow any moneys for a longer period than one year for any purpose other than paying the expenses of conducting its business or for the payment of dividends.

(Effective December 21, 1971; Transferred from § 16-1-60, August 23, 2000)