Ohio Code § 4905.41
Ohio Code § 4905.41. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 4905.41.
The proceedings for obtaining the authority of the public utilities commission for
the issue of stocks, bonds, notes and other evidences of indebtedness, as provided
in section 4905.40 of the Revised Code , shall be as follows: (A) In case the stocks, bonds, notes, or other evidence of indebtedness are to be issued
for money only, the public utility or railroad shall file with the commission a statement,
signed and verified by the president or vice president and the secretary or treasurer
of such public utility or railroad, setting forth: (1) The amount and character of the stocks, bonds, or other evidence of indebtedness; (2) The purposes for which they are to be issued; (3) The terms upon which they are to be issued; (4) The total assets and liabilities and an income statement of the public utility or
railroad in such detail as the commission requires; (5) If the issue is desired for the purpose of the reimbursement of money expended from
income, as provided by section 4905.40 of the Revised Code , the amount expended and when and for what purposes it was expended; (6) Such other facts and information pertinent to the inquiry as the commission requires. (B) If the stocks, bonds, notes, or other evidence of indebtedness are to be issued partly
or wholly for property, services, or other consideration than money, the public utility
or railroad shall file with the commission a statement, signed and verified by its
president or vice president and its secretary, or treasurer setting forth: (1) The amount and character of the stocks, bonds, or other evidence of indebtedness
proposed to be issued; (2) The purposes for which they are to be issued; (3) The description and estimated value of the property or services for which they are
to be issued; (4) The terms on which they are to be issued or exchanged; (5) The amount of money to be received in addition to the property, service, or other
consideration; (6) The total assets and liabilities and an income statement of the public utility or
railroad in such detail as the commission requires; (7) Such other facts and information pertinent to the inquiry as the commission requires. This section and section 4905.40 of the Revised Code do not apply to union depot companies organized and under contract prior to June
30, 1911, until the same are completed. This section does not apply to a telephone company.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 4905.41
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
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Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Ohio attorney.
Common questions
What is the source of Ohio Revised Code § 4905.41?
The text above is transcribed from the Ohio Revised Code, the codified statutes of Ohio. The official publisher link appears under "Verify the text" on this page.
What subject does Ohio Revised Code § 4905.41 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Ohio Revised Code § 4905.41 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Ohio source before relying on this text.
Can this page be used as legal advice?
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