The filing of a petition for review of a decision of the Commission, or the granting of such petition by the Court of First Instance, shall in no case cause the effect of a stay of the decision except where, at the instance of a party, the court so directs, upon determination that the petitioner would sustain irreparable damages should such stay be not granted, and after the giving of bond, when so directed by the court, in the amount thereby fixed. In rate cases, the bond shall be to reimburse all persons affected by the stay of the execution of the Commission’s decision, in any such sum as may have been collected by the public service company or private carrier during the stay period in excess of the amount provided or authorized by the Commission, in case the order or decision of the Commission were finally confirmed. The petition for stay referred to in this section shall not be granted ex parte.
History —June 28, 1962, No. 109, p. 288, § 57, eff. 90 days after June 28, 1962.