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Ilie 1.1It 11It . 1 ite ' Fle IL'lX ILlX 1 < - ' ' ( ( ' ( < trlc trk tile brief al aLso . < ; o C { cit I t I n LI I IsI Is I 1 nut II 11 nt ut " > SEC EC Is seekli Ell'eklJ ElleklJ seeki ' , g to 10 f i I'n In en I'nal enal ' enal al , M 1,1 11 , Electric F1t'trlc F1ttrlc Flectric ' ( Through U tI e I ' dl dLssol dLssoliiIl dLssollit . . , < ; ol olul ul iiIl I ) r I i r If It IL r because becau'll becaull ' " 11 It allegestl allegestt all alleges f'g fg ' f'8 f8 f'8tt ' tt al at the 111 < ' Electric Elf'ctrlc Elfctrlc ' h b Ix ( nd 0(1 01 ( fti al 91 I I st ii I ITt LL ITtB LLSSLtIlL irtB B SSLtIlL } ) , > sit It in m d es eR not c ( ' nform nfarm It ii t < tt tie tieart tienet e enrt nrt art Tl 11 Ti 11t Tie ' p t e ' bomb siKl sigl sigi I t f r I tht tIii tli qF ' SEC\R SEC R 3FC 3FCis ( ' 11 is ; \ obviously obvlollsly focused on tl tJ U e I ' Bond Bondfli Bondar Bondfit fli ar d Share Systems Systl'lIl.S SystllIl.S SystllIlS ' . the bomb ex explodN explodes explodes plodN plodes ! ( on fl i Uie 011 L11L " Electn-lc Electn lc F1l'ctJrlc F1lctJrlc Flect1ric ' - system systemtt systemU systemti U ti e brief states stttes st\itt's st itt's itts \ ' 2 That : SEC sr:0 sr0 la Is powerless powerleBll to f frce frcethe fircethe ) rce rcethe the 24 000 public own owners em of EIt"ct EItct Elect EIt"ctrlc Electnc Electric " rlc nc Power nr ar a d Ugh Light iJghts ! s a stock who whoare whoare whoare are outside outJIldt " the thl ' holdli holdll holdit g R tompany tompanysetup ( < ompan ompanysetup ) ' setup to surr surrender nde-r nde r - their tht"lr thtlr " shl\J shl J sha.rsa sharsa sha.rsain sharoaIn \ " ( ' . in dissolution of the thf ' company The Thepublic Thepublic Thepublic public other oU1I"r oU1Ir " than bond and .share share .shareown shareown . shareown own a total of $1114 1114 $114 114 $814000000 814000000 $ 000 000000 000 of sec see securttles seeunties securitles urttles unties of Electric Power Powt"r Powtr " and andUght andLight andLight Ught Light and Its ItJI subsidiaries subs.1dlarlt"s subs.1dlarlts subs1dlarlts . " and the thebrief thebrief thebrief brief asserts that the rights of ofthis ofthis atthis this large public publ1c Interl Interest ' t which whichshould whichshould whichshould should be paramount have been beenignored beenignored beenIgnored ignored by the 8EOElectrlc SECElectric 8EO SEC 8EOElectric Electric Electrlc Power and Light Ught the thebrief thebrief thebrief brief states developed developt"d developtd " Its present presentefficient presentefficient presentefficient efficient system from small smaIJ local localoperations localoperations localoperations operations with por par and unreU unreil unreUable unreilable unrellable able service at the high rates rate.s . tn- tn In- In tnto Into In Into - to concerns rendering improved Improsred improvedand Improsredand Improvedand and reliable reUable service at constan constantly constantlyreduced constantlyreduced Uy Uyreduced reduced rates . . As first Introduced In tn Congreu CongreM Congreuthe CongreMthe Congressthe the brief says the Holding Com Corn Company Cornpany Cornpany pany bill b11J authorlzel authorizel dissolution dissolutionof of holding companies but before beforethe beforethe be farethe the bill bnJ was passed the dissolu dissolu- - - tion tlou tioft reference W was l . ! eliminated eliminatedm eliminatedJI eliminatedD JI D m < f < Power and find Light Ught LAght Corl con Corltt'nru contendj contendA tt'nru ttnru tendj ' . , tlial that . tlu Ull tiat SEC BEe erred In fall fail falling failing tallIng ing to consider the Company Oompanya Oompanyaplan a allan splan plan llan ) kr t { c ( r reorganization and Inter lnter Interi lnterI I i I I n ti which filed flIl"d flIld " with wtth the SEC SC SECIII SCilL BECIn III ilL 1941 11141 Electric EJectrlc Ejectrie also contests contesl.l contesll conteat . $ 4 < ( . i L sillt Slit t1t ! Ulonaltty t1ollultty itloiiailty of the Act |