- (a) Each application by a motor carrier for authority to issue stocks, bonds, notes, or other evidence of indebtedness payable at a period of more than twelve (12) months from the date thereof, or for authority to create a lien for any purpose upon its property situated in this state, shall be in writing.
(b) An original and nine (9) copies of such application shall be furnished, and the application must contain or be accompanied by:
- (1) The name and address or location of the principal office or place of business of the applicant;
- (2) A general description of the operating authority held by the motor carrier under its existing certificates or permits;
- (3) A full and complete financial statement or balance sheet giving detailed information concerning the financial condition of applicant;
- (4) A full and complete operating statement of applicant, showing in detail its operating results for the twelve-month period just prior to the date of filing of the application;
- (5) A copy of the proposed note, bond, stock certificate, mortgage, etc., proposed to be issued; and
- (6) A complete statement of the use to be made of the proceeds of such financing.