ascertained, and also give the type of construction, including foundations; a description of plant, machinery, equipment, etc., should be given, including the number and size of each unit, its type, etc.

It should also be stated whether the amount proposed to be expended on each item covers the entire cost thereof, or whether a portion of such cost has been submitted in a prior statement to the Commission, or may be included in some future statement of expenditure, for which security may be proposed to be issued, and authority asked.

c. If the purpose is for the construction, completion, extension or improvement of facilities, the existing facilities must be set forth as well as those proposed.

d. If the purpose is the improvement or maintenance of service, the existing service must be set forth as well as any improvements or betterments proposed.

e. If the purpose is the refunding of obligations, such obligations must be described fully, showing character, amount, date of issue, date of maturity, and all other material facts concerning the same.

f. The financial condition of the applicant.

g. If the application is for the issue of bonds to be secured by an existing mortgage, the amount of bonds, if any, already issued under said mortgage, and the amount and application made of the proceeds of the

same.

h. If the proceeds are to be used for construction, completion, extension or improvement purposes, the affidavit of a competent person must be annexed, showing the estimated cost thereof in reasonable detail.

i. In applications for the issue of stock, the petition

must state that no franchise or right is capitalized, directly or indirectly, except as authorized by the Public Service Commission Law. In case it is proposed to capitalize any franchise or right as therein authorized, there shall be filed with the petition a verified copy of such franchise, and an affidavit of the proper officer of the State, county or municipality granting the same, showing the amount that has been actually paid for such franchise or right.

j. If any contract, agreement or arrangement, verbal or written, has been made to sell the stock, bonds, notes or other evidence of indebtedness proposed to be issued, such contract, agreement or arrangement must be described in full, and if in writing a copy of the same must be annexed to the petition.

k. If no contract, agreement or arrangement has been made for the sale or other disposal of the stocks, bonds, notes or other evidence of indebtedness proposed to be issued, there must be annexed an affidavit of a competent person showing the amount which can probably be realized from the sale or disposition thereof, and the reasons for the opinion of the affiant.

1. There must be annexed to the petition an affidavit made by at least three of the Directors of the applicant, showing that it is the intention of the applicant in good faith to use the proceeds of the stock, bonds, notes or other evidence of indebtedness proposed to be issued, for the purposes set forth in the petition.

2. Notice. Before granting any such petition, the Commission shall require such notice thereof to be given at the expense of the applicant, by publication for such time and in such newspaper or newspapers as it may deem proper, to the end that all persons who may be in

terested therein or affected thereby may have an opportunity for a hearing.

3. Final Order. Any order of the Commission granting such application, or any part thereof, shall:

a. Prescribe the purposes for which the proceeds of the security or obligation authorized shall be used.

b. Direct the applicant to report to the Commission under oath the sale or other disposition of the securities or obligations authorized, the terms and conditions thereof and the amount realized therefrom.

c. Require the applicant to make a report at least once every six months showing in detail the use and application by it of the moneys so realized, until such moneys shall have been fully expended.

Contain such other provisions as the Commission may deem necessary or appropriate in each case.

RULE IX.

APPLICATIONS BY CORPORATIONS FOR THE EXERCISE OF FRANCHISES.

I. Exercise of Railroad Franchises. Applications by corporations subject to the provisions of Section 26 of the Public Service Commission Law, for permission to begin the construction of any railroad, or any extension thereof, or to exercise any franchise or right, as in said section. provided, shall state:

a. The route of the proposed railroad or street railroad, or extension thereof, giving the names of all cities, villages or towns in and through which it is to be constructed.

b. The name of each and every corporation with which

the proposed construction, right or franchise may compete.

C. The facts showing whether the proposed construction, right or franchise is required by public convenience or necessity.

d. All other facts deemed material by the petitioner.

e. If the applicant has not exercised any of the powers or privileges of a corporation, it must set forth the manner in which it proposes to finance the proposed construction or the proposed exercise of the franchise or right.

f. If the applicant has theretofore exercised the powers of a corporation, it must set forth the manner in which it proposes to finance the proposed construction, or the proposed exercise of the franchise or right, and also (unless waived by the Commission) the applicant's financial condition.

g. Unless waived by the Commission, the petition must be accompanied by a certified copy of articles of incorporation of the applicant, and all amendments thereto.

h. Maps and profiles, showing the location and route of the proposed construction, must always be filed, and also proof of compliance with all conditions required by law as precedent to such application or the granting thereof, including proof of the consent of the municipalities and counties having jurisdiction.

i. Unless waived by the Commission, there must be annexed to the petition an affidavit made by at least three directors of the applicant, that it is the intention of the applicant in good faith to begin the construction or to exercise the right or franchise applied for, within a time to be herein specified.

2. Exercise of Gas or Electric Franchises. Applications by corporations subject to the provisions of Section 33 of the Public Service Commission Law, for permission to begin construction or exercise any right or franchise, as in said section provided, shall state:

a. The description of the proposed construction or of the proposed exercise of the right or franchise.

b. The location or locations in which such construction is to be had or such right or franchise exercised.

c. The requirements set forth in sub-divisions b to i, inclusive, of Section 1 of this Rule, unless waived by the Commission to the extent in said sub-divisions authorized, except that the Commission may not waive the requirement of filing a certified copy of the applicant's charter, unless the same is already on file in the office of the Commission.

d. The verified statement of the President and Secretary of the corporation showing that it has received the required consent of the proper municipal authorities.

3. Exercise of Telephone and Telegraph, Water, Heat or Refrigerating and Power Franchises. Applications by corporations subject to the provisions of Sections 39 to 42, inclusive, of the Public Service Commission Law, for permission to begin construction or to exercise any right or franchise, shall state the matters and things set forth in Section 2 of this Rule.

RULE X.

APPLICATIONS FOR APPROVAL OF ASSIGNMENTS, TRANSfer or Lease OF FRANCHISES.

In all applications under the Public Service Commission.