General Laws Relating to the Manufacture and Sale of Gas and Electricity by Persons and Corporations, Both Private and Municipal ...

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Wright & Potter Printing Company, State Printers, 1914 - Electric light plants - 252 pages
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Page 17 - ... (b) has revoked the delivery of the certificate, or the authority given by the indorsement or delivery of the certificate, or (c) has died or become legally incapacitated after the indorsement, whether before or after the delivery of the certificate, or (d) has received no consideration.
Page 17 - The certificate has been transferred to a purchaser for value in good faith without notice of any facts making the transfer wrongful...
Page 112 - Upon the complaint and application of the mayor and aldermen of a city, or the selectmen of a town...
Page 20 - Value" is any consideration sufficient to support a simple contract. An antecedent or pre-existing obligation, whether for money or not, constitutes value where a certificate is taken either in satisfaction thereof or as security therefor. (2) A thing is done "in good faith...
Page 20 - Delivery'' means voluntary transfer of possession from one person to another. "Person" includes a corporation or partnership or two or more persons having a joint or common interest. "To purchase" includes to take as mortgagee or as pledgee.
Page 18 - Where a negotiable bill is transferred for value by delivery, and the indorsement of the transferor is essential for negotiation, the transferee acquires a right against the transferor to compel him to indorse the bill, unless a contrary intention appears. The negotiation shall take effect as of the time when the indorsement is actually made.
Page 20 - A certificate is indorsed when an assignment or a power of attorney to sell, assign, or transfer the certificate or the shares represented thereby is written on the certificate and signed by the person appearing by the certificate to be the owner...
Page 21 - ... whether made upon or shown by the books of the corporation, or by any assignment in blank, or by any delivery, or by any paper or agreement or memorandum or other evidence of transfer or sale...
Page 121 - Any examiner who divulges any fact or information which may come to his knowledge during the course of such examination, except in so far as he may be directed by the Commission or by a court...
Page 16 - Nothing in this act shall be construed as enlarging the powers of an infant or other person lacking full legal capacity, or of a trustee, executor or administrator, or other fiduciary, to make a valid indorsement, assignment or power of attorney.

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