69-3-502. Petition for issuance of securities. Such public utility shall, by written petition, filed with the commission and setting forth the pertinent facts involved, make application to the commission for an order authorizing the proposed issue, assumption, or guarantee of securities and the application of the proceeds therefrom for the purposes specified.

     History: En. Sec. 2, Ch. 74, L. 1961; R.C.M. 1947, 70-117.2(part).