CONDITIONAL SALES CONTRACTS UNDER PUBLIC SERVICE LAWS RELATING TO SECURITIES -- DIVIDENDS BY COMMON CARRIERS NOT SUBJECT TO APPROVAL BY PUBLIC SERVICE COMMISSION
1. Conditional sales contracts need not be submitted to the public service commission for approval. They are not included in the term "other evidence of indebtedness" as used in our law pertaining to securities.2. The Washington Public Service Commission has no jurisdiction to regulate the payment of dividends on common stock by common carriers engaged in both intrastate and interstate business.