Kortright, which the company had contracted to purchase for $2,500, and proposed to utilize to supply the village of Stamford, about nine miles distant, with electric current for light, heat and power. Stamford has a nominal population of about 1,000, and at the date of this application was supplied with lights by the Stamford Electric Company. The plant of the company was found to be inadequate to meet the increased demands for light during the summer season, when the population increases to about 3,000. The new company proposed to acquire the stock, bonds and franchises of the Stamford Company, and to supply not only the necessary lights for Stamford, but also to light the smaller villages of Hobart and South Kortright. Stamford Electric Company, organized in 1892, had issued and outstanding $20,000 stock and $20,000 five per cent. bonds. The West Branch company petitioned for consent to do business and to issue $50,000 capital stock for the purpose of purchasing the stock and franchises of the Stamford Electric Company, and to issue $50,000 five per cent. or five and a half per cent. twenty year first mortgage bonds, $20,000 of which was to be set aside to retire the bonds of the Stamford Electric Company which mature one each year until 1922; $5,000 to be held in reserve to install supplemental power at the water plant if necessary; $1,500 to pay the floating debt of the old company of that amount, and the remaining $23,500 to be used for general construction and development work. Pursuant to published notices, hearings were had in Albany, March 15 and April 4, at which John P. Grant appeared on behalf of the company; no opposition developed. Additional papers were subsequently filed, among them a statement showing the following schedule of rates proposed to be adopted by the company: METER RATES. To all annual meter consumers, 10c. per KWH. To all consumers using more than 200 кwн. per month, 8c. per KWH. To patrons using electric current during the months of June, July, August and September only, 20c. per KWH., except summer hotels, for which the rate would be 15c. per KWH. All patrons to have the right to metered service, if desired. FLAT RATES. 16 c. p. lamps, 70c. per month. 10 c. p. lamps, 50c. per month. Store rooms, cellars and stables half rates. 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 West Branch Light and Power Company is authorized to exercise its powers and to transact business within this state, within the towns of Stamford and Harpersfield, Delaware County, and in the villages of Hobart and Stamford in said county; 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 five thousand dollars ($5,000) and bonds to the amount of forty-five thousand dollars ($45,000) are reasonably required for the purposes for which such issues are authorized, and this Commission hereby approves of and consents to the issue by the West Branch Light and Power Company, in conformity with all the requirements of law relating thereto, of fifty (50) shares of capital stock of the par value of one hundred dollars ($100) each and of first mortgage gold bonds of the amount of forty-five thousand dollars ($45,000), bearing interest at a rate not to exceed five per cent. (5%) per annum and to be redeemable in not to exceed twenty years from the date thereof, and 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 the Commission of Gas and Electricity approves of and does hereby consent to the purchase by the West Branch Light and Power Company of the stock, property, rights, leases, privileges and franchises of the Stamford Electric Light Company and to the exchange therefor of its capital stock to the amount herein authorized; and it is further Ordered, That said issue of bonds, or the proceeds thereof, be applied to the following purposes, and to no other, to wit: Twenty thousand dollars ($20,000) thereof to be set apart and used for the purpose of retiring twenty thousand dollars ($20,000) of bonds issued and outstanding by the said Stamford Electric Light Company; one thousand and five hundred dollars ($1,500) thereof, or so much of the proceeds thereof as may be necessary to be used to pay the floating debt now outstanding of the Stamford Electric Light Company; two thousand five hundred dollars ($2,500) thereof to be used in purchasing certain water rights and privileges at South Kortright; and the remaining twenty-one thousand dollars ($21,000) of said issue to be used in purchasing and installing the necessary water plant, erecting a power house, constructing the necessary transmission lines from the power house at South Kortright to the village of Stamford and through the village of Hobart and South Kortright, and for purchasing and installing the necessary electrical machinery, apparatus and distributing system; and it is further Ordered, That the West Branch Light and Power Company shall be permitted, without further application to this Commission, to purchase and retire from time to time any part of the said issue of forty-five thousand dollars ($45,000) bonds, with the consent of the owners thereof, and issue in payment therefor capital stock to an amount the par value of which is equal to the par value of the bonds so retired. In the Matter of the Application of Eureka Gas Company, pursuant to chapter 737 of the Laws of 1905, for a certificate of authority to transact business and for consent to issue $2,000 capital stock and $5,000 first mortgage bonds. Eureka Gas Company, incorporated January 22, 1906, made application July 30, 1906, for a certificate of authority to transact business and for consent to issue $2,000 stock and $5,000 bonds. It was proposed to take over the property, rights, contracts, etc., of the Eureka Gas Company, unincorporated, supplying acetylene gas for street and commercial lighting in Candor, Tioga county (population 1,150). The applicant had entered into a contract for the purchase of the property and franchises of the old company at $7,000, at which amount the plant and assets were valued. The Candor Gas Company, unincorporated, and operating. in connection with a manufacturing plant, supplied gasolene gas to a limited extent to private consumers. 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 Eureka Gas Company is authorized to exercise its powers and to transact business within the village of Candor, Tioga county; 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 two thousand dollars ($2,000) and bonds to the amount of five thousand dollars ($5,000) are reasonably required for the purpose for which such issues are authorized, and this Commission hereby approves of and consents to the issue by Eureka Gas Company, in conformity with all the requirements of law relating thereto, of eighty (80) shares of capital stock of the par value of twentyfive dollars ($25) each, and of one hundred (100) bonds of fifty dollars ($50) each, bearing interest at a rate not to exceed five (5) per cent. per annum, and payable twenty (20) years from the date thereof; and it is further Ordered, That said issues of stock and bonds, or the proceeds thereof, be applied to the following purpose and to no other, to-wit: to the purchase of all the.assets (to include not less than $900 in cash), rights, leases, franchises, equipment and property of the Eureka Gas Company, unincorporated. In the Matter of the Application of The Pavilion Natural Gas Company, for a certificate of authority to transact business and for consent to issue capital stock to the amount of $100,000. The Pavilion Natural Gas Company, with an authorized capital stock of $100,000, filed a certificate of incorporation, under the Business Corporations Law, November 15, 1905, in ignorance of the application of the Commission Act to natural gas companies, purchased a well and extensive gas leases in Genesee county, and drilled new wells at a cost of about $12,000. At the date of filing. application the company was supplying Pavilion and had applied for a franchise in LeRoy. Stock exceeding $75,000 had been issued without the consent of the Commission, and the investment of the proceeds was proposed to build the system. The population to be served was about 6,000, and the wells already dug were producing sufficient for the needs of the community. After filing the application the company obtained a franchise from the authorities of LeRoy and submitted an amended petition. This franchise required the company to supply 500,000 cubic feet of natural gas a day within a period of one year, and limited the price to forty cents per thousand, or in case of inability to supply natural gas, manufactured gas was to be furnished at one dollar per thousand. At this time a company was serving LeRoy with manufactured gas and with electricity. There was, however, an urgent demand for natural gas, and it was estimated that 800 meters could be installed. A hearing was had at the Capitol, September 5, Frank L. Barnett appearing for the petitioner; no one in opposition. The fol lowing 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 Pavilion Natural Gas 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 one hundred thousand dollars ($100,000) 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 Pavilion Natural Gas Company, in conformity with all the requirements of law relating thereto, of one thousand (1,000) shares of capital stock of the par value of one hundred dollars ($100) each; and it is further. Ordered, That this order be filed in the office of this Commission nunc pro tunc as of the 20th day of November, 1905. In the Matter of the Application of The Cherry Valley Gas Company for a certificate of authority to transact business and for consent to issue capital stock to the amount of $10,000. The Cherry Valley Gas Company, incorporated September 18, 1906, petitioned for a certificate of authority and for consent to |