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and conditions of said mortgage, and to sell or otherwise dispose of said stock and bonds for the purpose of the acquisition of property and the construction, extension or improvement of or addition to its facilities.

The Commission having considered the application and the evidence of record in connection therewith, and being fully advised in the premises, is of the opinion, and finds, that the moneys to be procured by the petitioner from the issuance and sale of its said common capital stock and of its said first mortgage 62 per cent. series gold bonds, for which authority is sought, are reasonably required for the purposes hereinafter stated, and that the public will be convenienced thereby; that the use and application of said moneys for said purposes are not in whole or in part reasonably chargeable to operating expenses or to income; and that the prayer of the petitioner for authority to issue $500,000, face value, of its common capital stock and $800,000, par value, of its first mortgage 61⁄2 per cent. series gold bonds, for the aforesaid purposes, and for authority to execute and deliver its first mortgage or deed of trust, as aforesaid, is reasonable and should be granted, in accordance with the terms and conditions hereinafter provided and authorized.

It is, therefore, ordered by the Illinois Commerce Commission, That the Illinois Southern Telephone Company be, and it is hereby, authorized to execute and deliver its first mortgage, in the form of a deed of trust, to be dated December 1, 1923, to Chicago Trust Company, of Chicago, Illinois, as trustee, for the purpose of securing a maximum issue of $2,000,000 principal amount of first mortgage gold bonds; that said mortgage shall be executed and delivered in form substantially the same as the copy thereof filed herein as petitioner's Exhibit A.

It is further ordered, That the Illinois Southern Telephone Company be, and it is hereby, authorized to issue and sell $500,000, face value, of its common capital stock and to issue and sell $800,000 aggregate principal amount of its first mortgage 62 per cent. series gold bonds, to

be dated December 1, 1923, to mature December 1, 1943, to bear interest at the rate of 62 per cent. per annum, payable semi-annually, and to be issued under and secured by the mortgage or deed of trust herein authorized to be executed and delivered.

It is further ordered, That the authority for the issuance and sale of said stock and said bonds be, and the same is hereby, granted upon the following conditions and not otherwise:

(1) That the petitioner shall sell the said stock and said bonds herein authorized to be issued so as to net said company not less than the face value thereof, besides accrued interest thereon, and that the proceeds therefrom shall be used and applied for the following purposes and no other:

(a) To the acquisition of property:

(1) Murphysboro Telephone Company.

(2) White County Telephone Union..

(3) Certain exchanges and toll property of Commercial
Telephone and Telegraph Company.....

(b) To the construction, extension or improvement of or addi-
tion to its facilities

TOTAL

$1,125,000

50,000

11,500

113,500

. $1,300,000

(2) That said company shall keep separate, true and accurate accounts, showing the receipt and application in detail of the proceeds from the sale or disposition of the stock and bonds herein authorized to be issued, and such accounts and the vouchers and records of said company shall be open to audit and may be audited by accountants or examiners designated by the Commission for such purpose; that within sixty days after the date of this order, and within every ninety days thereafter, so long as may be necessary to show full compliance with this order, such company shall file with the Commission a report (in duplicate) signed and verified by an executive officer of said company having knowledge of the facts, which report shall show in detail the sale or disposition of said

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C. L. 145]

stock and bonds during such period, the amount of proceeds realized from such sale or sales, and the use and application of such proceeds for the purpose (or each of the purposes) authorized in this order. If, during any such period, no stock or bonds are sold or proceeds applied, a report shall be filed stating such facts. Final report shall be filed forthwith when all transactions are completed in compliance with this order.

(3) That the Commission is not at this time finally passing upon the value of the property involved in this proceeding, nor does the Commission in any way bind itself in regard to the value of the property, in the event that the same is involved in any future proceedings before the Commission, and the entry of this order is without prejudice as to the rights of the Commission, company, or any parties, in any proceeding now pending or hereafter instituted, affecting the rates and charges of the company.

(4) That before the delivery of any certificates of stock or of any of the bonds herein authorized to be issued, said company shall cause to be printed, stamped or engraved upon the face of each of the certificates of stock and of each of said bonds, for the proper and easy identification thereof, the following:

ILLINOIS COMMERCE COMMISSION,

Authorization No. 1531,

December, 1923.

It is further ordered, That the Illinois Southern Telephone Company be, and it is hereby, charged an amount equal to 10 cents for every $100 of the bonds herein authorized to be issued, the amount of said charge being the sum of $800, and that this order shall not become operative until the amount of said charge shall have been paid into the State Treasury.

By order of the Commission, at Springfield, Illinois, this twelfth day of December, 1923.

KANSAS.

Public Utilities Commission.

In re APPLICATION OF THE UNITED TELEPHONE COMPANY FOR APPROVAL OF CONTRACT AND PERMISSION TO FILE AN AMENDED SCHEDULE OF RATES AT HERINGTON.

Docket No. 5359.

Decided November 1, 1923.

Amended Schedule of Rates and Charges Established.

ORDER.

On the twenty-third day of March, 1923, this cause came on for hearing before the Commission at Herington, Kansas, Commissioners J. W. Greenleaf and H. A. Russell sitting, the applicant, The United Telephone Company, appearing by Bruce C. Hurd, its attorney, The Herington Co-operative Telephone Exchange appearing by John L. Biehler, its president, and Matt Guilfoyle. its attorney, and there also appearing A. N. Dilley, Jr., J. W. Jones, J. B. Shields, D. B. McNichol, F. G. Brown, stockholders of the said The Herington Co-operative Telephone Exchange; and thereupon all of the interested parties introduce their evidence and testimony, and the matter is taken under advisement.

And now on this first day of November, 1923, this cause came on for further hearing and order by the Commission, and the Commission after reviewing all of the evidence finds that the order issued under Docket No. 5357* confirmed and approved the rates applied for in this case as shown by the contract of sale which was approved and confirmed by that order.

The Commission further finds that the following schedde of rates for service of The United Telephone Company,

See Commission Leaflet No. 138, p. 1181.

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at Herington, Kansas, is just, fair and reasonable, and should be approved:

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It is, therefore, by the Commission considered and ordered, That The United Telephone Company be, and it is hereby, permitted and authorized to file and put into effect, a schedule of rates providing charges for the various classes of service furnished by it at and through its exchange located at Herington, Kansas, as follows, towit:

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