In this act unless the context otherwise requires:
(1) "Public utility" means and embraces every corporation organized or doing business in this state, (except a municipal corporation or other political subdivision of this state), that now owns or hereafter may own, operate or manage any plant or equipment for the manufacture, production, transmission, delivery or of furnishing electric current for light, heat or power for public use in this state.
(2) "Commission" means the Corporation Commission of the State of Oklahoma.
(3) "Securities" means capital stock and evidences of indebtedness having the standing of negotiable instruments of a public utility, not including, however, any such obligation falling due twelve (12) months or less after its issuance.
Laws 1947, p. 82, § 1.
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