...their enforcement before they came into actual operation. In order to determine the rate of return upon the reasonable value of the property at the time it is being used for the public it, of course, becomes necessary to ascertain what that value is. A very great amount of evidence was...

...compensation as under the circumstances is just both to the owner and the public. There must be a fair return upon the reasonable value of the property at the time it is being used for the public. San Diego Land & Town Company v. National City, 174 US 739, 757; same plaintiff v. Jasper, 189 Id....

...their enforcement before they came into actual operation. In order to determine the rate of return upon the reasonable value of the property at the time it is being used for the public, it, of course, becomes necessary to ascertain what that value is. A very great amount of evidence was...

...Stanislaus County v. San Joaquin C. & I. Co. (1903) 192 US 201, 213; 9 COLUMBIA LAW REVIEW 273, on the reasonable value of the property at the time it is being used for the public. It cannot, however, be more than the services are reasonably worth. Smyth v. Ames (1897) 169 US 466,...

...Rates, when fixed by legislative authority, for public service corporations, should allow a fair return upon the reasonable value of the property at the time it is being used, but the legislative act will not be issued stock. ( The consolidation was effected pursuant to the...

...to demand, in order that it may have just compensation, is a fair return upon the marketable value of the property at the time it is being used for the public." (3) "The ascertainment of that value is not controlled by artificial rules. It is not a matter of formula,...

...streets of the city and lay down mains and use them to supply gas, subject to the legislative right to so regulate the price for the gas as to permit not more...at the time it is being used for the public." The lower court had estimated the increase in the value of the franchises since 1884 as being in the same...

...compensation as under the circumstances is just both to the owner and the public. There must he a fair return upon the reasonable value of the property at the time it is being used for the public. (San Diego Land & Town Company г-. National City, 174 US 739, 757; Same plaintiff v. Jasper, 189 Id....

...rates when fixed by legislative authority for public service corporations should allow a fair return upon the reasonable value of the property at the time it is being used, still the statute will not be declared invalid by the courts unless the rates are so unreasonably low...

..."What the company is entitled to demand, in order that it may have just compensation, is a fair return upon the reasonable value of the property at the time it is being used for the public. The property may have cost more than it ought to have cost, and its outstanding bonds for money borrowed...