No telecommunications utility shall directly or indirectly, issue or cause to be issued any stock or bond, note or other evidence of indebtedness in nonconformity with the order of the Public Utility Commission authorizing the same or contrary to the provisions of ORS 759.300 to 759.360, or of the Constitution of this state, or apply the proceeds from the sale thereof, or any part thereof, to any purpose other than the purposes specified in the commission’s order, or to any purpose specified in the commission’s order, in excess of the amount in the order authorized for such purpose. [1987 c.447 §39]
Section: Previous 759.320 759.325 759.330 759.335 759.340 759.345 759.350 759.355 759.360 759.375 759.380 759.385 759.390 759.393 759.394 NextLast modified: August 7, 2008