Public Documents of the State of North Dakota: Being the Annual and Biennial Reports of Various Public Officers and Institutions to Governor and Legislative Assembly for the Fiscal Period Ending June 30 ..., Volume 1

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Page 736 - The Governor shall have power to disapprove of any item or items of any bill making appropriations of money, embracing distinct items, and the part or parts of the bill approved shall be the law, and the item or items of appropriations disapproved shall be void, unless repassed according to the rules and limitations prescribed for the passage of other bills over the executive veto.
Page 1064 - It is impossible to ascertain what will amount to a fair return upon properties devoted to public service without giving consideration to the cost of labor, supplies, etc. at the time the investigation is made. An honest and intelligent forecast of probable future values made upon a view of all the relevant circumstances, is essential.
Page 1054 - The fundamental rule in construing statutes is to ascertain and give effect to the intention of the legislature.
Page 970 - Before coming to the question of profit at all the company is entitled to earn a sufficient sum annually to provide not only for current repairs but for making good the depreciation and replacing the parts of the property when the}- come to the end of their life.
Page 970 - If a different course were pursued the only method of providing for replacement of property which has ceased to be useful would be the investment of new capital and the issue of new bonds or stocks. This course would lead to a constantly increasing variance between present value and bond and stock capitalization — a tendency which would inevitably lead to disaster either to the stockholders or to the public, or both.
Page 999 - The cost of reproduction is not always a fair measure of the present value of a plant which has been in use for many years.
Page 1068 - That there is an element of value in an assembled and established plant, doing business and earning money, over one not thus advanced, is self evident.
Page 970 - If, however, a company fails to perform this plain duty and to exact sufficient returns to keep the investment unimpaired, whether this is the result of unwarranted dividends upon over-issues of securities, or of omission to exact proper prices for the output, the fault is its own. When, therefore, a public regulation of its prices comes under question the true value of the property then employed for the purpose of earning a return cannot be enhanced by a consideration of the errors in management...
Page 1060 - ... valuation of the property used and useful in the service of the public...
Page 1075 - It must never be forgotten that while the State may regulate, with a view to enforcing reasonable rates and charges, it is not the owner of the property of public utility companies, and is not clothed with the general power of management incident to ownership.

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