Rhode Island General Laws 39-17-6. Rate increases during term of franchise
No corporation which shall acquire exclusive rights or franchises under the provisions of this chapter, shall at any time during the continuance thereof charge for its product, wares, or service, to any town or city or the inhabitants thereof, any greater price than the price actually charged by it at the time of the granting of the rights or franchises, both prices being reckoned in United States gold coin of the standard weight and fineness in force at the time of the granting of the right or franchise, or in the equivalent thereof in actual value in other lawful money of the United States.
History of Section.
G.L. 1896, ch. 77, § 4; G.L. 1909, ch. 91, § 4; G.L. 1923, ch. 103, § 4; G.L. 1938, ch. 126, § 4; G.L. 1956, § 39-17-6.
Terms Used In Rhode Island General Laws 39-17-6
- Continuance: Putting off of a hearing ot trial until a later time.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- town: may be construed to include city; the words "town council" include city council; the words "town clerk" include city clerk; the words "ward clerk" include clerk of election district; the words "town treasurer" include city treasurer; and the words "town sergeant" include city sergeant. See Rhode Island General Laws 43-3-9
- United States: include the several states and the territories of the United States. See Rhode Island General Laws 43-3-8