Chapter 5. Issuance of Securities. § 34–501. Creation of liens on property of utilities; supervision by Commission. § 34–502. Certificate showing authority to issue stock or pay dividends to be obtained. § 34–503. Stocks not to be issued until certificate is recorded. § 34–504. Issue of stocks for purpose of reorganization or consolidation; approval of consolidation by Commission. § 34–505. Application of proceeds of stock. § 34–506. Stock to be void unless law is complied with. § 34–507. Penalty for improper issuance or application of stock or proceeds.