It is further ordered, That the finding hereinbefore set forth as to the value of said property and the within authorization of the capitalization of the agreed consideration to be passed therefor, shall not be binding upon this Commission in any future proceedings involving rates and/or service.

Dated at Columbus, Ohio, this seventeenth day of December, 1923.

In re APPLICATION OF THE LOGAN HOME TELEPHONE COMPANY FOR AUTHORITY TO ISSUE STOCK.

No. 2876.

Decided December 19, 1923.

Application to Issue Stock Authorized in Part.

ORDER.

This day, it appearing to the Commission from the verified allegations in said application and the sworn statements and exhibits filed in connection therewith, and other documentary evidence submitted, that the taking of oral testimony herein is unnecessary, this matter came on for consideration upon the application of The Logan Home Telephone Company, a corporation duly organized and existing under and by virtue of the laws of the State of Ohio, for the consent and authority of this Commission to issue its common capital stock of the par value of $35,000, the proceeds arising from the sale thereof to be used to reimburse its treasury for and on account of alleged uncapitalized, capital expenditures therefrom.

The Commission, being fully advised in the premises, finds from the pleadings and exhibits filed herein and its independent inquiry and investigation thereupon:

That, within the five years next preceding the date of the filing of the application herein and to and including the thirtieth day of June, 1923, the applicant actually expended from its treasury for net additions to

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L. 145]

its plant not heretofore capitalized or authorized to be capitalized by order of this Commission the sum of $28,124.62, none of which was obtained by the issue of stock, bonds, notes or other evidences of indebtedness, and

That the issue of applicant's common capital stock of the par value of $28,000 is reasonably required and the money to be procured thereby, necessary for the reimbursement of its treasury for and on account of said uncapitalized, capital expenditures therefrom,

and is satisfied that consent and authority for the issue and disposition of applicant's common capital stock of the par value of $28,000 should be granted.

It is, therefore, ordered, That said The Logan Home Telephone Company be, and hereby it is, authorized to issue its common capital stock of the par value of $28,000, and that said capital stock be sold for the highest price obtainable but not less than the par value thereof.

It is further ordered, That the proceeds arising from the sale of said common capital stock be, by the applicant, devoted to and applied toward the reimbursement of its treasury for and on account of the expenditure therefrom, within the five years next preceding the date of the filing of the application herein and to and including June 30, 1923, for the provision of net additions to its plant not heretofore capitalized or authorized to be capitalized by order of this Commission, of the sum of $28,124.62, none of which was obtained by the issue of stock, bonds, notes or other evidences of indebtedness; nor shall said proceeds be used for any other purpose whatsoever.

It is further ordered, That the applicant make verified report to this Commission of the issue and disposition of said capital stock and the application of the proceeds. thereof pursuant to the terms and conditions of this order.

It is further ordered, That said application, insofar as it asks consent and authority to issue common capital stock of the additional par value of $7,000, be, and hereby the same is, denied.

Dated at Columbus, Ohio, this nineteenth day of December, 1923.

In re JOINT PETITION OF THE MONTGOMERY COUNTY TELEPHONE COMPANY FOR AUTHORITY TO SELL AND THE OHIO BELL TELEPHONE COMPANY FOR AUTHORITY TO PURCHASE PROPERTY.

No. 2971.

Decided December 21, 1923.

Sale and Purchase of Property Authorized.

ORDER.

This day, after due notice to all parties in interest, and it appearing from the verified allegations in said application and the sworn statements and exhibits filed in connection therewith, and other documentary evidence submitted, that the taking of oral testimony herein is unnecessary, this matter came on for consideration upon the joint application of The Montgomery County Telephone Company, a corporation duly organized and existing under and by virtue of the laws of the State of Ohio, all of whose property has, under the terms of a fifty-year lease, dated November 1, 1906, which is renewable forever, been operated by The Ohio Bell Telephone Company or its predecessor companies, and said The Ohio Bell Telephone Company, a corporation duly organized and existing under and by virtue of the laws of the State of Ohio, asking the consent to and approval, by this Commission, of the sale, by said first-named applicant, and the purchase by the latter, of all the property and other assets of said The Montgomery County Telephone Company.

The Commission, being fully advised in the premises, finds from the pleadings and exhibits filed herein and its independent inquiry and investigation thereupon:

That the public will, upon the consummation of said proposed sale and purchase of said public utility property, be furnished adequate service for a reasonable and just rate, rental, toll or charge therefor,

and is satisfied that consent and authority for said sale and purchase of such property should be granted.

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C. L. 145]

It is, therefore, ordered, That said The Montgomery County Telephone Company be, and hereby it is, authorized to sell and convey to The Ohio Bell Telephone Company all of its property and other assets; and said The Ohio Bell Telephone Company hereby is authorized to purchase and acquire the same.

It is further ordered, That, forthwith upon the exercise of the authority herein granted, said parties file with this Commission schedules providing for their respective withdrawal from and inauguration of service within the territory now served by means of said property.

It is further ordered, That nothing herein shall be construed to be a consent to or approval, by this Commission, of any increase in rates or diminution of service within the territory now served by means of said property; nor shall the findings herein before set forth as to rates and service be binding upon this Commission in any future. proceedings involving rates and/or service.

Dated at Columbus, Ohio, this twenty-first day of De-· cember, 1923.

In re JOINT PETITION OF THE OHIO BELL TELEPHONE COMPANY AND THE OHIO STATE TELEPHONE COMPANY FOR THE CONSENT OF THE PUBLIC UTILITIES COMMISSION TO AND THEIR APPROVAL OF THE CONSOLIDATION OF SAID Two COMPANIES UNDER THE NAME OF THE OHIO BELL TELEPHONE COMPANY.

No. 2367-S12.

Decided December 27, 1923.

Value Determined.

ORDER.

This day, after full hearing and rehearing, this matter again came on for consideration upon the supplemental application, denominated Supplemental Application No.

12, of The Ohio Bell Telephone Company, praying that a supplemental order enter herein fixing and prescribing the rates and charges to be maintained and imposed by it for the furnishing of unified service in its Massillon, Ohio, exchange area.

And the Commission, coming now to value the property of said company, used and useful for the convenience of the public in the furnishing of telephonic service in the Massillon, Ohio, exchange area, and after considering the inventories and appraisals of said property filed herein by said company and by the city of Massillon, Ohio, the evidence and the exhibits, and having completed an independent inventory and appraisal of said property, and being fully advised in the premises,

The Commission finds and ascertains the value of the several classes and kinds of property of said The Ohio Bell Telephone Company used and useful for the convenience of the public in the furnishing of local exchange telephonic service in the Massillon, Ohio, exchange area, and of said property as a whole, as of April 20, 1922, to be as set forth in the following summary, viz:

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