Evening star., 1901-01-24
AhOTHERGAS COMPANY BILL
MEASURE INTRODUCED IN THE
HOUSE By MR.. PEARRE.
Given to Acquire the
Georgetown COmpany-Issue OF
New Stock Regulated.


in the House a bill Oh. r. 1888 relating
to the Washington Gaslight Company, OBJ
Waiting, 1t is said, the objections urged
against a previous gas bill In the House
last Monday. The new bill provides as
follows: ..-
That the Washington Gaslight Company
be autharized from time to time to in
crease its manufacturing and distributing
plant and capacity thereof as the present
and future needs and growth Of the Dis
trict of Columbia may render necessary
and for such purposes the company under
.sha permit of the Commissioners Of the
District of Columbia is authorized and
empowered to construct and maintain such
additional reservoirs and other works and
improvements for the manufacture and dis
tribution of gas, and to lay such addition
al mains for gas in the streets, roads, ave-
nues and alleys in the District of Columbia as
may be considered necessary by the Commis-
sioners Of the District of Columbia, and In
all cases the approval of the Commissioners
must be obtained prior to commencing
work: Provided, That the Commissioners
of the District of Columbia may require
the company to lay such mains In any
graded street, highway, avenue or alley
in the District of Columbia not already
provided Herewith as may be necessary
May Buy Out Georgetown Company.
That Illuminating gas may be furnished
to the citizens of the District Of Columbia
at a uniform rate, the Washington Cas-
light Company, upon the assent of ma
jority in value of it's stockholders. Is au-
thorized to contract for, purchase. own
and hold the whole or any part of the cap
ital stock of the Georgetown Gaslight Com
pany, or upon like assent to contract to
purchase or lease the property, plant, dis
tributing plant, rights, effects and fran
chise of the Georgetown Gaslight Com
pany, and upon payment and delivery OF
the consideration agreed upon, the prop
erty. rights and franchises OF the George
town Gaslight Company shall be held and
enjoyed by the Washington Gaslight Com
pany as fully and entirely as the same
was held and enjoyed by that company,
and shall be managed and controlled by
the board Of directors of the Washington
Gasight Co. The Georgetown Company
is empowered to. enter into such contract
of lease or of sale after such contract OF
lease or sale has received the approval OF
a majority Of its stockholders: Provided,
That the existing liabilities OF the George.
town Gaslight Company and the rights OF
the creditors thereof shall not be affected
thereby: And provided further, That no
action OF proceeding to which the George
town Gaslight Company may be parry
shall thereby abate. but the same may Dc
continued against said company unless the
court in which the action may be pending
shall order the Washington Gashght COM
pany to be substituted as party thereto:
That whenever certificate shall be fied
with the recorder of deeds for the District
of Columbia, signed and acknowledged by a
majority of the board of directors OF eacn
of the corporations affected thereby, snow
ing that contract of purchase and SAFE or
lease has been made and approved as herein
provided such certificate shall be pre-
sumptive evidence Of the facts therein set
forth. Upon the filing of a certificate OF
the purchase and sale or lease. as proV1oed
for in this section, the Washington Gas
light Company shall give notice and COM
ply with all the provisions Of the second
section of the act approved June .. 1900,
entitled. "An act relating to certain rail-
way corporations owning or operating street
railways in the District of Columbia,
which prescribes the method Of acquiring
the interest of dissenting stockholder.
Issue of New stock.
That in order to enable the Washington
Gaslight Company to comply with the fore
going provisions and requirements Of this
act, and to provide such additional capital
as the increase of its business herein pro-
yided for may require and to change the
par value of the present shares of its capi-
tai stock without increasing the same be-
yond the Limitation Of its actual value the
Washington Gaslight Company, upon the
written consent of majority Of the owners
of record of the capital stock of the COM
pany, or by a resolution of a majority Of
the owners of such capital stock represent
ed at a special meeting called and held as
prescribed by law, is authorized to issue
stock of the par value of 500 per share:
Provided, That the new stock so issued
shall be allotted to the stockholders of the
company upon such terms as to the cancel
lation and surrender Of the old stock the
resolution written consent of the stock
holders shall specifically set forth and pro-
vide. The balance of the stock SO Issued
under this authority not allotted may be
sold by the company for the purpose of car
rying out the provisions Of this act: Pro-
vided further, That the total amount of
stock of the company herein authorized
to be issued shall not exceed its actual
value, which shall first be ascertained and
authorized by the Supreme Court of the
District of Columbia, upon petition therefor
by the company, under such regulations as
the chief justice and the justices thereof
shall prescribe.
Responsible for Damage.
That where asphalt pavements or trees
are injured destroyed by leakage from
gas mains the company owning such mains
shall be responsible for such damage or
loss, and the Commissioners of the District
of Columbia are hereby authorized to re-
action in any court of the District having
jurisdiction Of the same All acts or parts
of acts inconsistent With the provisions of
this act are repealed, and Congress re-
serves the power to alter, amend or repeal
this act.
FATE OF LIEUT.. BREWER.