Page:United States Statutes at Large Volume 48 Part 1.djvu/1106

 1080 73d C ONGRESS. SESS. II. CH. 652. JUNE 19, 1934 . the accounts in any other manner than that prescribed or approved by the Commission. Notice of alterations by the Commission in the required manner or form of keeping accounts shall be given to such persons by the Commission at least six months before the same are to ta ke effect. Classification of car- (h) The Commission may classify carriers subject to this Act riers. Requirements to be and prescribe different requirements under this section for different prescribed for classes. classes of carriers, and may, if it deems such action consistent with the public interest, except the carriers of any particular class or classes in any State from any of the requirements under this section in cases where such carriers are subject to State commission regu- latio n with respe ct to matter s to w hich th is sec tion r elates. Prior notification to (i) The Commission, before prescribing any requirements as to stat e comm ission s. acc ounts, re cords , or memo randa , sha ll n otify each Stat e co mmis- sion having jurisdiction with respect to any carrier involved, and shall give reason able o pportu nity t o each such c ommiss ion to prese nt its views, and shall receive and consider such views and recom- mendations. Report to Congress. (j) The Commi ssion sha ll in vesti gate and repor t to Cong ress as to the need for legislation to define further or harmonize the powers of the Commission and of State commissions with respect to matters to which this section relates. Tel eph one compa- SPECIAL PROVISIONS RELAT ING TO TELE PHONE COMPANIES nies. Application for au- SEC. 22 1 . (a) Upon application of one or more telephone com- thority to consolidate. panies for authority to consolidate their properties or a part thereof into a single company, or for authority for one or more such com- panies to acquire the whole or any part of the property of another telephone company or other telephone companies or the control thereof by the purchase of securities or by lease or in any other like manner, when such consolidated company would be subject to this Hearing . Act, the Commission shall fix a time and place for a public hearing Notice. upon such application and shall thereupon give reasonable notice in writing to the Governor of each of the States in which the physical property affected, or any part thereof, is situated, and to the State Certification of Com- commission having jurisdiction over telephone companies, and to missi on's findi ngs such oth er pe rsons as it may deem ad visa ble. Af tr su cpubl ic hearing, if the Commission finds that the proposed consolidation, acquisition, or control will be of advantage to the persons to whom service is to be rendered and in the public interest it shall certify Effect. to that effect ; and thereupon any Act or Acts of Longress making re Powerss of States not the proposed transaction unlawful shall not apply. Nothing in this subsection shall be construed as in anywise limiting or restrict- ing the powers of the several States to control and regulate tele- phone companies. Tel eph one ex eha nge service subject to State (b) Nothing in this Act shall be construed to apply, or to give regulation. the Commission jurisdiction, with respect to charges, classifications, Jurisdiction of Com- practices services, facilities or mission. > regulations for or in connection with ., b wire telephone exchange service, even though a portion of such exchang e serv ice co nstitu tes in tersta te or f oreign commu nicati on, in any case where such mat ters are s ubje ct to regu lati on by a St ate commission or by local governmental authority. Classification of ear- riers (c) For the purpose of administering this Act as to carriers . engaged in wire tele phone communication, the Commission may classify the property of any such carrier used for wire telephone comm unica tion, and dete rmine what pro perty of s aid carri er sh all be considered as used in interstate or foreign telephone toll service.