Terms Used In North Carolina General Statutes 62-164

  • Commission: means the North Carolina Utilities Commission. See North Carolina General Statutes 62-3
  • Continuance: Putting off of a hearing ot trial until a later time.
  • Docket: A log containing brief entries of court proceedings.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Securities: means stock, stock certificates, bonds, notes, debentures, or other evidences of ownership or of indebtedness, and any assumption or guaranty thereof. See North Carolina General Statutes 62-3
  • State: means the State of North Carolina; "state" means any state. See North Carolina General Statutes 62-3

All applications for the issuance of securities or assumption of liability or obligation shall be placed at the head of the Commission‘s docket and disposed of promptly, and all such applications shall be disposed of in 30 days after the same are filed with the Commission, unless it is necessary for good cause to continue the same for a longer period for consideration. Whenever such application is continued beyond 30 days after the time it is filed, the order making such continuance must state fully the facts necessitating such continuance. (1933, c. 307, s. 21; 1963, c. 1165, s. 1.)