Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-09-13
SPECIAL NOTICES.
OFFICE OF TIE
WASHINGTON GAS LIGHT tOMfANf,


ASH 10th 81. NV. -
To the Stockholders Of the Washington 0as
Notice Is hereby given that a special meeting
Of the stockholders OF the Washington Gas Light
Company is called nv the board of directors Of
that company for and viii he held on, Friday,
the 18th day Of October. 1910 AT IL O'Clock M,
nj the principal office ~ the company. No. 4l3
I0th street northwest. in tho city u Washing
Ton. II. C.. TO transact such business as may
properly come before said meeting. and especially
l., consider and approve otherwise act upon
N Shall th,' Washington Gas Light Company
continue it's practice hitherto OF declaring regu-
lar quarterly dividends to its stockholders from
it, net earnings. NJ the rate Of ten per centum
per annum upon its authorized capital OF
s.. GOO. 90. which capitalization was made many
years ago. and does not now adequately repre-
Sert tho fair value Of the property W the com
pany used nv IL for the benefit OF the public
under the provisions of the company's charter.
and lis further practice OF declaring extra diyi-
bends from iis undivided profits or shall IL In
future distribute among its stockholders. In the
proportions 10 which they are respectively en-
tit'rd. the ncJ annual earnings n the company
after deductinS from is gross earnings All
prefer EXPENSES 90 administration and OF the
conduct Of its business ana the sums necsssai!
10 pay interest upon its bonds ard certihcates
~ Indebtedness t'cether Win IN amount sun,
cisnt 10 cover depreciation. in dividends 70 an
amount appFoximstn- six per ceniHn upon tne
fair value Of the property used ~ the said
company for the benefit OF the public IN sup
irving gas under its charter assuming that the
said net earnings shall be sufficient TO JUSTIFY
said dividends?
-, Shall the moneys needed annually for ex-
tensions Of the ccmpsnys mains ard other eh
renSes generally classed as 'hetterments ne
psid out OF the earnings Of the company. or
shall such moneys hereafter be raised ny a
,lpon All Of the ccmpany's property which IL Is
entitled 70 embrace in such deed or trust, sald
bonds 70 he sold for not less than par; ana me e
said bettermentss
u, Shall the company refund Its outstanding
smoun,lnc 10 ap.,roximateIy $500 Oo0 in round
numbers and also its outstanding dividend certii-
interest amaunting to S2G0O.Ooo which certih-
Gates of Indebtedness now payable al the
secured ny deed o. trust upon all OF the prop,
crtv % the company which IL Is legally entitled
70 embrace IN said deed OF trust. said bombs -
hear interest at the rate of five per centun per
annum. ard 70 be payable ri such time or
times the said special meeting u the stock
holders hcreinbefore called shall determine upon,
the contents Of the said bonds and also OF the
said deed Of trust 70 he approved by meeting
20 the directors Of the company subsequent 70
TIE said stockholders meeting. hut in any event
- contain stipulation waving the statutory
PERSONAL responsibility Of each stakeholder for the
I,avnen' 81 the said bonds. and expressly stipu-
iating that holders Of the said bonds shall rely
only uron the security embraced in the said
deed ~ trust? Further. in the event that the
s-id stockholders meeting shall determine that
future hetterments shall not be paid ont ~
rrruinrs. hut shall he financed by bond Issue.
nall the issue of bonds contemplated in this
position be increased. and II 50 to what
!. count. for the purpose OF nnancing sara vet
I. vmcnts reuuired in the near futuret
n il l. not thought expedient to refund ine
III Issue OF SS.boo.oS OF nlNldenI 'tFaihcates
- Indebtedness in the manner next herein.eIors
divided shall the said total issue of dividend
s.rtincateS Of indebtedness be paid Win interest,"
i, The date OF payment by the proceeds OF the
r in open market for not less than par, OF
- Goo.Oo0 Of the said new bonds. or OF SO many
:, said bonds NAV be required Tor tne PURPOSE:
NJ n 10 not thought expedient 10 sell tue saiu
$4,000 face value of the said bonds In open
l.:Tkct shall many Of the Stockholders OF the
.p.pnanv AT n given date as shall aNaH tnenl-
lives OF the privilege within limited time ne
taffilcd to subscribe and pay for the SAID Icnus
.nafr facp
- pavment TO be proportional 10 the holdings
the respective stockholders Shall said privi-
=. -. next hereinhefore referred to apply also 10
81. much Of said new issue or issues 81 pohus as
.Sail ha required for financing betterments:
Nj subordinate propositions embraced IN anu
f.--tIuent TO the said main propositions apcve
). TED shall. the necessary extent, De consul,
cd ard acted upon by the said stocknoiders
meeting :. -
according TO the charter and bylaws OF the
Washington Gas Light Company. only such stock.
l.,tlerS are allowed 10 vote at any meetlns "
10 stockholders as shall have been holders OF
-.r certificates Of stock Of the said company IN
tssr own and proper names for the PERIOD 2.
fourteen DAYS previous to any stocShoiuers
poeting. In order that all stockho a, thas
r--i>tered IN the books OF the company the
s,ark transfer books OF the company VIII pe
sI,sed al close of business al Pm. on .huI .9I
Srv tha 10Th dsy Of September. 1910, and Will
remain closed until the close or business n. .
~ on Friday. the 14th day OF October, lylo;
api all holders of stock as aforesaid who sn n.n
80 ~ Septemher 1910. will he entitled 10 wore
~ the special meeting Of the stockholders hereby
- llesl for Friday the 14th day OF october, islo-
The polls will lie open from IL oeiock m
rrtil I o'clock nm.
Respectfully. .rr,r~c
y.aARD OF DIRECTORS OF THE WASHlN6-
Ton GAS LIGHT COMPANY, r,,r
Ry WILLIAM r.. ORME.
Sa.retarv washington Gas Light Company.