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STATE EX REL. UTIL. COM'N v. S. BELL, ETC.

No. 7410UC93.

207 S.E.2d 771 (1974)

22 N.C. App. 714

STATE of North Carolina ex rel. UTILITIES COMMISSION v. SOUTHERN BELL TELEPHONE AND TELEGRAPH COMPANY.

Court of Appeals of North Carolina.

Certiorari Allowed November 8, 1974.

Attorney(s) appearing for the Case

Commission Atty. Edward B. Hipp and Associate Commission Atty. E. Gregory Stott, Raleigh, for the North Carolina Utilities Commission.

Joyner & Howison by R. C. Howison, Jr., Raleigh, and Moore & Van Allen by James O. Moore, Charlotte, for Southern Bell Telephone and Telegraph Company, appellant.

Certiorari Allowed by Supreme Court November 8, 1974.

PARKER, Judge.

Article 8 of Chapter 62 of the General Statutes, G.S. § 62-160 through G.S. § 62-171, entitled "Securities Regulation," provides in general for supervision by the North Carolina Utilities Commission over issuance of securities by a public utility. Specifically, G.S. § 62-161(a) provides:

"No public utility shall issue any securities. . . unless and until, and then...

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