CHAPTER 429

An Act to amend and reenact § 56-75 of the Code of Virginia, relating to
fees payable by public service companies in connection with applica-
tions for authority to issue securities. 342

[ ]

Approved March 30, 1956

Be it enacted by the General Assembly of Virginia:

1. That § 56-75 of the Code of Virginia is hereby amended and reenacted
as follows:

§ 56-75. Fees in connection with applications for authority to issue
securities.—Upon the filing of an application for the approval of any issue
of securities or the making of any loan under the provisions of this chapter,
a filing fee in the amount of * $25.00 shall be paid, and upon the approval
or validation of any such issue of securities or upon the approval or valida-
tion of the making of any such loan, and as a condition precedent to the
entry of the order of approval or validation, there shall be paid an addi-
tional fee * equal to one-tenth of one per cent of the proposed selling price
of the securities and the amount of the loan, subject * to credit by the
amount of such filing fee, and limited, as to any one issue of securities *,
whether issued at once or from time to time *, and as to any one loan to
the amount of $250.00.

A public service company may seek approval in one application of
more than one issue of securities and more than one loan. In that event,
the filing fee shall be $25.00, and the additional fees shall be computed as
¢f all the issues and loans were one issue or one loan. *

A public service company that has paid filing fees and additional fees
aggregating $250.00 on account of the approval of loans from the United
States may apply for the approval of further loans from the United States
on payment of a filing fee and without payment of additional fees.

_ A filing fee shall in no case be returnable, but additional fees * paid
én advance of approval shall be returned, in whole or in part, should the
application * be withdrawn or modified or disapproved in whole or in part.

. That the provisions hereof shall become effective January one, nine-
teen hundred fifty-seven.