ing thereto, of seven hundred fifty shares of capital stock of the par value of one hundred dollars ($100) each; and it is

Further Ordered, That said authorized issue of stock or the proceeds thereof shall be applied in the following manner, and not otherwise, namely: In the purchase of water power at Franklin Falls and in the construction of a concrete dam at said falls and in the purchase of water wheels, generators, transformers, machinery and equipment connected with electric lighting in the various towns and villages mentioned in its certificate of incorporation, except in the village of Lake Placid and the town of North Elba; and it is

Further Ordered, That said application for consent to further issue of capital stock than is hereinbefore consented to be and is hereby denied.

In the Matter of the Application of the Red Hook Light & Power Company for a certificate of authority to transact business, and for consent to issue $25,000 stock and $20,000 bonds.

In the fall of 1905 an individual electric plant was installed in the village of Red Hook, Dutchess county. The cost of the plant, which was erected under favorable conditions, was $10,965. A water power at Annandale, several miles distant, was utilized under an arrangement for a lease from May 1st for two years, with privilege of renewal. Franchises had been granted by Red Hook and by the village of Tivoli, also by the town of Red Hook. Red Hook village had a population of 1,040 and Tivoli, 1,200. Oil lamps had been previously used for street lighting at Red Hook, but under a temporary arrangement until May 1st, pending the making of a new contract, the plant was supplying 100 incandescent street lamps on a 1 a. m. schedule at ten cents per light per night. About fifty consumers were supplied, and the plant had operated at a profit from the start. There was no gas plant at either village and the water power was ample. The Red Hook Light & Power Company was incorporated February 13, 1906, and petitioned February 23rd for a certificate of authority to do business, proposing to take over the individual plant and complete the system. Consent was asked to the issue of $25,000 stock and $20,000 5 per cent. 20-year bonds, the latter to be

used for extending the plant to Tivoli and the erection of a steam plant at Red Hook, if deemed advisable before the termination of the lease of the water power. Estimates were furnished involving the expenditure of $9,539 at Tivoli, and $10,150 at Red Hook. The proper action of the stockholders and directors had been taken, and the lease and franchises assigned to the new company. A hearing was had March 15th at Albany, John P. Grant, appearing for the petitioner.

The following was adopted:

Ordered, That said application for a certificate of authority be and the same is hereby granted, and the Commission of Gas and Electricity hereby certifies, in accordance with section 11, chapter 737, of the Laws of 1905, that the said Red Hook Light & Power Company is authorized to exercise its powers and to transact business within this State, and the said Commission hereby further certifies, in accordance with section 12, chapter 737, of the Laws of 1905, that capital stock to the amount of twelve thousand dollars ($12,000), and bonds to the amount of ten thousand dollars ($10,000), are reasonably required for the purposes for which such issue is authorized, and this Commission hereby approves of and consents to the issue by Red Hook Light & Power Company, in conformity with all the requirements of law relating thereto, of one hundred twenty (120) shares of capital stock of the par value of one hundred dollars ($100) each, and of first mortgage bonds to the par value of ten thousand dollars ($10,000), to bear interest at a rate not to exceed five and one-half (5) per cent. per annum, and to be redeemable in not to exceed twenty (20) years from the date thereof, or after five (5) years upon the payment of five (5) per cent. premium in addition to the accumulated interest, and it is Further Ordered, That said issue of stock or the proceeds thereof, be applied to the following purposes and to no other, to wit: To the purchase of the electric light plant installed by John H. Sharpe in the village of Annandale, county of Dutchess, and now in operation, together with the rights, leases, privileges and franchises owned by said John H. Sharpe and assigned to the petitioner the 9th day of February, 1906, and it is

Further Ordered, That said issue of bonds, or the proceeds thereof, shall be applied to the following purposes and to no other, to wit: To provide improvements and additions to the electric plant at Annandale, and to the installation of poles, wires, meters, transformers and other fixtures necessary for the con

struction of a distribution system to and through the village of Tivoli, and it is

Further Ordered, That the application for a further issue of stock and bonds, than as above consented to, be and the same is hereby denied without prejudice to a further application for the issue of bonds for the installation of a power plant at Red Hook.

In the Matter of the Application of the West Shore Gas Company for certificate of authority to transact business, and for consent to issue $85,000 stock and $85,000 bonds.

The West Shore Gas Company filed an application with the Commission December 29, 1905, for a certificate of authority to transact business, and for consent to issue $85,000 stock and $85,000 bonds. It is the purpose of the company to manufacture and supply gas in the villages of Haverstraw and West Haverstraw, Rockland county. In 1893 the Haverstraw Light & Fuel Gas Company was organized as the successor of the Murray Gas Company. Its capitalization was $350,000, of which $100,000 was first mortgage bonds. In 1903, the company having defaulted in the payment of interest on the bonds, foreclosure proceedings were begun, and the assets of the company sold under judgment, for $21,000. The applicant plans to purchase the plant and property of the old company and to issue in payment therefor $60,000 of capital stock and $60,000 of bonds. The balance of its capitalization will be devoted to improving the plant and extending the distributing system to the village of West Haverstraw.

A number of hearings were held on the application. The Rockland Light & Power Company, which is engaged in supplying electricity throughout Rockland county, appeared in opposition and contended that a fair and reasonable value of the plant. and property to be purchased was about $60,000, and that the application to issue stock and bonds to the amount of $170,000 should either be denied or the amount greatly reduced.

The population of Haverstraw is about 9,000, and that of West Haverstraw about 2,300. The engineer of the Commission made a detailed examination of the plant and property.

The following was adopted:

Ordered, That said application for a certificate of authority be and the same is hereby granted, and the Commission of Gas and

Electricity hereby certifies, in accordance with section 11, chapter 737, of the Laws of 1905, that the said company is authorized to exercise its powers and to transact business within this State; and this Commission hereby further certifies, in accordance with section 12, chapter 737, of the Laws of 1905, that capital stock to the amount of forty-five thousand dollars ($45,000) and bonds to the amount of forty thousand dollars ($40,000) are reasonably required for the purposes for which such issue is authorized; and this Commission hereby approves of and consents to the issue by the West Shore Gas Company, in conformity with all the requirements of law relating thereto, of four hundred and fifty (450) shares of capital stock of the par value of one hundred dollars ($100) each, and of forty (40) first mortgage bonds of the par value of one thousand dollars ($1,000) each, to pay interest at a rate not to exceed five per cent. per annum, and to be redeemable in not to exceed twenty years from the date thereof; and it is further

Ordered, That said application for consent to further issue of stock and bonds than as above consented to is hereby denied; and it is further

Ordered, That said issue of forty thousand dollars ($40,000) of bonds and forty-five thousand dollars ($45,000) of capital stock, or the proceeds thereof, be applied to the following purposes, and to no other to-wit: Twenty-five (25) of said bonds, together with fifteen thousand dollars ($15,000) of the authorized capital stock, to be applied to the purchase of the gas plant, properties and franchises known and described as the property of the Haverstraw Light and Fuel Gas Company, and all of said plant and properties, free and clear of all indebtedness; ten thousand dollars ($10,000) of the authorized capital stock to be applied to the installation of new generating apparatus, relief holder, exhauster, pump, piping, elevator and other improvements at the manufacturing plant which are deemed necessary by the Commission to insure the production of a proper quality of illuminating gas and economical operation of the plant; fifteen (15) of said bonds, together with twenty thousand dollars ($20,000) of the authorized capital stock to be applied to extensions and improvements to the distributing system of the company, and to the payment of miscellaneous expenses incidental thereto.

In the Matter of the Application of the Andover Electric Power & Light Company for a certificate of authority to transact business, and for consent to issue $10,000 stock.

The Andover Electric Power & Light Company petitioned, January 22, 1906, for the approval of its incorporation, a certificate of which was filed June 12, 1905, in the office of the Secretary of State. It was proposed to furnish electricity for lighting and power in the village of Andover, Allegany county, where it had obtained a franchise. There was no other electric light plant in operation. The proposed issue of capital stock was $10,000, to consist of 200 shares of $50 each. A hearing was had February 16, at which papers were submitted and the case closed.

The following was adopted:

Ordered, That said application for a certificate of authority be and the same is hereby granted, and the Commission of Gas and Electricity hereby certifies, in accordance with section 11, chapter 737, of the Laws of 1905, that the said Andover Electric Power & Light Company is authorized to exercise its powers and to transact business within the State; and the said Commission hereby further certifies, in accordance with section 12, chapter 737, of the Laws of 1905, that capital stock to the amount of ten thousand dollars ($10,000) is reasonably required for the purposes for which such issue is authorized, and this Commission hereby approves of and consents to the issue by the Andover Electric Power & Light Company, in conformity with all the requirements of law relating thereto, of two hundred (200) shares of capital stock of the par value of fifty dollars ($50) each; and it is further

Ordered, That said issue of stock, or the proceeds thereof, shall be applied to the purchase of machinery, and materials and the construction of an electric light and power plant in the village of Andover, and to no other purpose.

In the Matter of the Application of the West Branch Light and Power Company, for a certificate of authority to transact business, and for consent to issue $50,000 bonds and $50,000 stock, and for permission to acquire stock, bonds and franchises of the Stamford Electric Light Company.

The West Branch Light and Power Company was organized December 2, 1905, to develop a water power situated near South