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CHAPTER 164 An act to establish the North Carolina Corporation Commission. The General Assembly of North Carolina do enact :
That said commission is hereby empowered and directed : -1 To make reasonable and just rates of freight, passenger and express taritis for railroads, steamboats, canal and express companies or corporations, and all other transportation companies or corporations engaged in the carriage of freight, express or passengers: Provided, that in fixing any maximum rate or cnarge or tariff of rates or charges for any common carrier, person or cor poration subject to the provisions of this act the said commission shall take into consideration if proved or may require proof of the fair value of the property of such carrier, person or corpora: ti use fhe public in the consideration of such rate or charge or the fair value of the service rendered asin determining the fair value of the property so being used for the conventence of the public. It shall furthermore consider the original eost of the construction thereof and the amount expended in permanent improvements thereon and the present compared with the original cost of construction,of all its property within the state of North Carolina; the probable earning capacity of such property under the particular rates proposed and the sum required to meet the operating expenses of such carrier, person or corporation and all other facts that will enable them to determine what are reasonable and just rates, charges and tarifis. -2 To make reasonable and just rulesas to charges by any eompany or corporation engaged in the carriage of freight or express for the necessary handling and delivery of the same at all stations. -8 To make reasonable and just rules and regulations to prevent discrimination in the transportation of freight or passengers. -4 To make reasonable and just rates of charges for the use of railroad cars carrying freigEt or passengers.- -5 To make reasonable and just rules and regulations to prevent the giving, paying or receiving of any rebate or bonus Girectly or indirectly or the misleading or deceiving the public in any manner as to real rates charged for freight, express or pas sengers. -6 To make just and reasonable through rates for the transvortation of freight, express or passengers. -7 To make just and reasonable rules and regulations for the handling of freight and baggage at stations. -8 To make just and reasonable rates of charges for the transportation of packages by any express company or corporation. -9 To make just and reasonable rules and regulations as to contracts entered into by any railroad company or corporation to earry over its line or any part thereof the ear or cars of any other company or corporation. -10 To make just and reasonable rates of charges for the transmission of messages by any telegraph or telephone ompany or eorporation doing business in this state. -41 To make just and reasonable rates of charges for the rental of telephones: Provided, this sub section shall not apply to telephone lines hereafter constructed, nor to telephone instrumenis connected with exchanges giving interstate connection until three years after the ratification of this act. -12 To require. where the public necessity demands and it is demonsirated that the revenue received will be sufficient to justify it, the establishment of stations by any company or corporation engaged in the transportation of freight and passengers in this state, and to require the erection of depot accommodations commensurate with such business and revenue: Provided, the commissioners shall not require any company or corporation to establish any station nearer to another station than five miles. -18 To require a change of any station or the repairs, addition to or change of any station house by any railroad or other transportation company in order to promote the security, convenience and accommodation of the public and to require the raising or lowering of the track at any crossing when deemed necessary. -14 To require the establishment of separate waiting rooms at all stations for the white and colored races. -15 To require the construction of side-tracks by any railroad company to industries already established or to be established: Provided, it is shown that the proportion of such revenue accruing to such side-track is sufficient within five years to pay the expenses of its construction. This shall not be construed to give the commissioners authority to require railroad companies to construct side tracks more than five hundred feet. -16 To perform all the duties and exercise all the powers as te banks and banking imposed or conferred upon the state treasurer by chapter one hundred and fifty-five of the public laws of eighteen hundred and ninety-one, as amendd by chapter four hundred and seventy-eight, public laws of eighteen hundred and ninety-three, and all reports required to be made by said laws to the state treasurer are hereby directed to be made to the said North Carolina Corporation Commission. -17 To appoint suitable persons to make the examinations and reports required by chapter one hundred and fifty-five, public laws of eighteen hundred and ninety-one, as amended by chapter four hundred and seventy-eight, public laws of eighteen hundred and ninety-three, who shall receive the same compensation for similar services provided for in said law, and the power of the state treasurer to appoint such persons is hereby revoked. -18 To furnish to the state treasurer upon his application information as to the condition and solvency of any bank or banking institution of this state. f -19 To collect all fees, salaries, charges, commissions and other compensations heretofore collected by or paid to the state treasurer for the performance of the duties and the exercise of the powers imposed or conferred under sub-sections sixteen, seventeen and eighteen of this act and to turn the same into the state treasury for the benefit of the state. -20 To perform all the duties and exercise all the powers as to building and loan associations imposed or conferred upon the auditor of the state by chapter seven, volume two, of The Code and by chapter four hundred and thirty-four, public laws of eighteen hundred and ninety-three and by chapter four hundred and forty-four, public laws of eighteen hundred and ninety-five, and to make all examinations, issue all certificates and perform all other duties imposed by law upon the auditor of the state re. lating to building and loan associations. -21 To appoint suitable persons to make the examinations required by the laws referred to in the preceding section, who shall receive the same compensation provided for in said laws, and the power of the auditor of the state to make such appointment is hereby revoked. -22 To collect all fees, salaries, charges, commissions and other compensations heretofore coilected by the auditor of the state for the performance of the duties imposed or conferred under subsections twenty and twenty-one of this act, and to turn the sanie into the state treasury for the benefit of the state, and the power of the auditor of the state to collect the same is hereby revoked. -23 To perform all the duties and exercise all the powers imposed or conferred by chapter three hundred and twenty -820 of the public laws of eighteen hundred and ninety-one and the acts amendatory thereto. -24 To prescribe rules of practice and proceeding in all matters before them and in all examinations necessary to be made under this act. ;