(220 ILCS 5/6-105) (from Ch. 111 2/3, par. 6-105)
Sec. 6-105.
Every public utility which, directly or indirectly, issues or
causes to be issued, any stock, stock certificate, bond, note or other
evidence of indebtedness, in non-conformity with the order of the
Commission authorizing the same, or contrary to the provisions of this Act,
or which applies the proceeds from the sale thereof, or any part thereof,
to any purpose other than the purpose or purposes specified in the
Commission's order, as herein provided, or to any purpose specified in the
Commission's order in excess of the amount authorized for such purpose,
shall be guilty of a business offense and shall be subject to a penalty of
not less than $500 nor more than $20,000 for each offense.
(Source: P.A. 84-617.)
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