Wisconsin Statutes Utilities (Ch. 196 to 201) § 201.02. Power of alienation, state control

The power to create liens or mortgages on corporate property by public service corporations in this state, or to deed such property in trust, or to issue capital stock, is a special privilege, the right of supervision, regulation, restriction and control of which shall be vested in the state, and such power shall be exercised according to the provisions of these statutes.