TELEPHONE CO. v. P. U. C. O.

No. 37085.

174 Ohio St. 157 (1962)

THE CITIZENS TELEPHONE CO., APPELLANT, v. PUBLIC UTILITIES COMMISSION OF OHIO, APPELLEE.

Supreme Court of Ohio.

Decided December 28, 1962.


Attorney(s) appearing for the Case

Mr. Ralph A. Winter, for appellant.

Mr. Mark McElroy, attorney general, Mr. Andrew R. Sarisky, Mr. Herbert T. Maher and Mr. DeForest Mellon, for appellee.


Per Curiam.

The long-term loan was contingent upon demonstrated earnings as is covered in the letter of commitment with American United Life Insurance Company. The commission is not privileged to disregard the previous orders approving this long-term loan.

The commitments under the loan agreement require that the appellant pay 6% for the $100,000 borrowed, and that it retire its debt at the rate of $5,000 per year, and it is further committed to the...

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