Section 819 Of Article 5. Stocks And Security Transactions From California Public Utilities Code >> Division 1. >> Part 1. >> Chapter 4. >> Article 5.
819
. To enable it to determine whether it will issue the order, the
commission may hold a hearing and may make such additional inquiry
or investigation, examine such witnesses, books, papers, documents,
and contracts, and require the filing of such data as it deems of
assistance. The commission may by its order grant permission for the
issue of such stocks or stock certificates or other evidence of
interest or ownership, or bonds, notes, or other evidences of
indebtedness in the amount applied for, or in a lesser amount, or
refuse such permission, or grant it subject to such conditions as it
deems reasonable and necessary. The commission may authorize issues
of bonds, notes, or other evidences of indebtedness, less than,
equivalent to or greater than the authorized or subscribed capital
stock of a public utility corporation.