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STATE EX REL. UTIL. COM'N v. SO. BELL TEL

No. 93.

217 S.E.2d 543 (1975)

288 N.C. 201

STATE of North Carolina ex rel. UTILITIES COMMISSION v. SOUTHERN BELL TELEPHONE AND TELEGRAPH COMPANY.

Supreme Court of North Carolina.

August 27, 1975.

Attorney(s) appearing for the Case

Edward B. Hipp, Com'n Atty., and E. Gregory Stott, Associate Com'n Atty., Raleigh, for plaintiff-appellant.

Joyner & Howison, R. C. Howison, Jr., Raleigh, and Moore & Van Allen, James O. Moore, Charlotte, Drury B. Thompson, John A. Boykin, Jr., and Clinch G. Norsworthy, III, Atlanta, Ga., Harvey L. Cosper, Charlotte, for defendant-appellee.

SHARP, Chief Justice.

For the reasons stated in the opinion of the Court of Appeals we agree that the General Assembly intended Article 8 to apply to all public utilities doing business in this State whether they be foreign or domestic corporations and even though they are also engaged in interstate commerce.

G.S. § 62-160 provides that no public utility shall pledge its credit or property for the benefit of any bondholder or stockholder or any...

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