Proceedings of the American Electric Railway Association

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Halaman 374 - IV. This constitution may be amended by a two-thirds vote of the members present at a regular meeting, provided the proposed amendment shall have the approval of two-thirds of the executive committee, and provided...
Halaman 335 - That the President is hereby authorized to appoint a commission to investigate questions pertaining to the issuance of stocks and bonds by railroad corporations, subject to the provisions of the Act to regulate commerce, and the power of Congress to regulate or affect the same; and to fix the compensation of the members of such commission.
Halaman 354 - As a result of this misunderstanding, the necessary development of railroad facilities is now endangered by the reluctance of investors to purchase new issues of railroad securities in the amounts required. This reluctance is likely to continue until the American public understands the essential community of interest between shipper and investor and the folly of attempting to protect the one by taking away the rewards of good management from the other.
Halaman 328 - State or in foreign- countries for maintaining mutually satisfactory relations between employees and employers; into methods for avoiding or adjusting labor disputes through peaceful and conciliatory mediation and negotiations; into the scope, methods, and resources of existing bureaus of labor and into possible ways of Increasing their usefulness...
Halaman 375 - The offices of Secretary and Treasurer may be held by one and the same person; and the work of the Treasurer's office shall be performed in the Secretary's office.
Halaman 376 - Special meetings may be held upon the order of the executive committee. Notice of every meeting shall be given by the secretary in a circular addressed to the members at least thirty days before the time of meeting.
Halaman 375 - He shall give a bond to the President in such sum, and with such sureties, as shall be approved by the Executive Committee.
Halaman 346 - ... half per cent bonds, there is an apparent profit of one-half per cent annually on the transaction to the company and an apparent reduction in total charges which it must meet. But with any diminution in traffic, the bad effect of the change is at once obvious. The interest on the bonds remains a fixed charge against the company. The effect of a loss of dividends would have been felt chiefly by the individual stockholders; a default, or even a threatened default, of interest has an effect on the...
Halaman 358 - If railroad securities were to be issued only after express authorization of each particular issue by the Interstate Commerce Commission or other governmental agency, it is difficult to see how the Government can thereafter escape the moral, if not the legal, obligation to recognize these securities in the regulation of railroad rates.
Halaman 360 - ... has been made, and if any part of the consideration to be received therefor is other than money, an accurate and detailed description thereof; if such securities are to be pledged, the terms and conditions of such pledge.

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