The daily morning journal and courier., 1900-01-03
WILL INCREASE ITS STOCK
DIRECTORS OF THE GAS COMPANY
 4 UTHORIzED TO THAT EFFECT.

AUTHORIzED TO THAT EFFECT.
 Amount of Increase . Matter fo- the
 Directors to Decide Money to be Used
 for Improvemcnts-Old Board of Di- | The annual meeting of the stockhold- CTS of the New Haven Gas Light com pany was held yesterday forenoon at the company's office. It was meeting Of special interest, as the subject of an increase of the capital stock was to be acted upon, and in consequence. instead or the customary gathering of dozen or SO, was what might be called mass meeting, as the small hali of the con, pany upstairs had to be utilized for the purpose, and was well occupied. In all perhaps sixty stockholders were present, put many or these were not active in l the meeting and for the most part were merely Interested spectators. The meet ing was, as expected, wholly harmoni- i ous one A motion for the proposed in- crease of the capital stock was offered and thus put before the meeting and was briefly discussed, and it was then voted as follows:
 'Voted--That the board of directors be, and it hereby is, authorized to in- crease the capital stock of the company oy the Issuance, from time to time. of such amount of new stock as may, in It's Judgment, be expedient and for the pest interests of the company; provided, that the total amount of such new stock shall not exceed 4O,O0O shares of the par value of $25 each, and that such new stock may be subscribed for by the stockholders in proportion to their hold- ings; this increase being in accordance with a joint resolution of the general assembly of this state passed at it's May session, A. D. 1874"
 At the meeting also directors were elected for the ensuing year, the old board being reelected as follows: Ex- Governor Charles R. Ingersoll Profes- sor George J. Brush, ex-Lieutenarlt- Governor Francis Wayland, Andrew w. DeForest, E. Hayes Trowbridge, Pierce N. Welch, George D. Watrous, Robert A. Brown and Major T. Attwater Barnes.
 The present capital stock of the Gas company is $1,00O,OOO divided into 10000 shares at $25 share, and paying 10 per cent. It is understood that the compa- ny will double it's capital stock in time, for which 1t has the requisite authority, but that at just this time it will be in- creased to only a certain amount what amount no member of the board of di- rectors would say yesterday. It is con- sidered likely that the directors have in mind an increase of some 10000 shares, or even less than that, and that this will be voted some time during the com ing year. The matter may come up at the next regular meeting of the direc- tors, which will occur early in Febru- ary.
 At the meeting of the directors, which opened at 3:30 D. nl., the old board of officers was reelected as follows:
 President-Andrew w. DeForest.
 Vice president-Pierce N. Welch.
 Secretary-Gardner Morse.
 Treasurer-Isaac J. Wild.
 Superintendent-F. c. Sherman -
 Major T. Attwater Barnes of the board of directors said yesterday after- noon, after the directors had met and adjourned, that the new money to be received from an increase of the capital stock would be devoted to an improve- ment of the company's plant. It was yet how much the increase of capital stock would be or when it would be made
 The subject of increasing the capital stock was not dwelt upon, and was merely alluded to in an indefinite man. ner at the. meeting of the directors The company has various Improvements in mind, which, when carried out, will add to the capacity of tiaee plant. New Haven is fast-growing city, and the Gas company has more than doubled the extent of it's gas mains in a comparatively short period, and has more than doubled it's capacity for sup plying gas for lighting purposes, while its capacity for furnishing fuel gas has been greatly increased in the last few years in order to meet the demand in this respect. The Gas company's prop critics and it's plant have much outgrown in value it's present capital stock. The meetings of the stockholders and direc- tors yesterday were very harmonious, and the outlook of the company's busi- ness for the future was considered as very satisfactory.