Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-09-15
SPECIAL NOTICES.
OFFICE OF THE
WASHINGTON GAS LIGHT COMPANY,
e. INV.
Washington City. D. c.. September 6, 1910.
fhe Stockholders Of the Washington Gas

Washington City. D. c.. September 6. 1910
To the Stockholders of the Washington Gas
Notice is hereby given that special meeting
OF the stockholders OF the WASHINGTON Gas Light
that company for. and will be held ON Friday.
the 18th day of October. 1910. at IL O'Clock m.
10th street northwest in the city Of washing
ton. ID. c.. to transact such business as may
properly come before said meeting, and especially
to consider and approve otherwise act upon
the following propositions:
continue its practice hitherto Of declaring regu-
lar quarterly dividends TO its stockholders from
its net earnings. at the rate OF ten per eentum
per upon its authorized capital OF
5000 00o. which capitalization was made many
years ago. aud does not now adequately repre-
rany used by it for the benefit Of the public
under the provisions Of the company's charter.
and its further practice of declaring extra divi-
dcnds from its undivided profits: shall 1t in
future distribute among its stockholders. in the
proportions to which they respectively en-
titled. the net annual earnings of the company
after deductng from Its gross earnings all
conduct of it's business and the sums necessary
to pay interest upon Its bonds and certificates
Of indebtedness together with an ,: amount sum,
amount approximating six per centum upon the
fair value Of the property used by the said
plying under its charter. assuming that the
said net earnings shall be sufficient to justify
70, Shall the moneys needed annually for ex
tensions Of the compsny's mains and other e1.
paid out of the earnings OF the company. or
shall such moneys hereafter te raised by
bond issue or. issues secured by deed or trust
upon all Of the companys property which 1t is
entitled to embrace in such deed OF trust said
bonds to be sold for not less than par snd the
said bettermeDts?
49, Shall the company refund its outstanding
bonds now bearing four per centum interest
amounting to approximately $500 900 in round
numbers. and also its outstanding dividend certif
interest. amounting to 50. 6OOOO which certif
Gates of Indebtedness are now payable at the
secured by deed Of trust upon all of the prop
erty of the company which it is legally entitled
bear interest at the rate Of sve per centum per
annum. and 10 he payable at such time or
times as the said specisl meeting of the stock
holders hereinbefore called shall determine upon
the contents of the said bonds and also OF the
81 the aee e Of % the M to
the said stockholders meeting. but in any event
to contain To- ss wssns 5ne M qb
payment of the said bonds. and expressly stipu-
iating that holders of the said bonds shall rely
only upon the security embraced in the said
said stockholders meeting shall determine that
earrSngs. but shall be fnanced by a bond issue
shall the issue of bonds contemplated In this
amount. for the purpose Of financing said bet
terments REQUIRED in the near future!
said issue of 50 100000 Of dividend certificates
Of Indebtedness in the manner next herenbefore
provided. snail the SalQ total issue OF UlSiuenu
certificates OF Indebtedness be paid with interest
to the date of payment by the proceeds of the
sale In open market. for not less than par or
81. GOO. 900 Of the said new bonds or OF so many
Of said bonds as may be required for the purpose!
II it be not thought expedient to sell the said
81. 100000 face value Of the said bonds In open
market shall so many of the stockholders OF the
COMPANY at Eiyen date as shall ; aya', them M
selves Of the privilege within a limited time pe
entitled to subscribe and pay for the said bonds
at their face value. said privilege of subscription
and payment TO be proportional to the holdings
Of the respective stockholders: Shall said priyl-
lege next hereinbefore referred to apply also TO
much Of said new issue or issues of bonds as
shall be required for financing betterments:
All subordinate propositions embraced In ana
pertinent to the said main proposit tons above
cred and acted upon by the said stockholders
According to the charter and bylaws Of the
Washington Gas Light Company, only such stock
the stoeSboiders as shall have been holders Of
their ewn and prop1F hamts for the period OF
fourteen days nrsyious to- any stockholders
have an opportunity 70 have their stock thus
registered in the books Of the company the
stock transfer books Of the company will be
closed at close Of business at 3. pm on Thurs
remain closed until the closa Of business at 3
nm on Friday. the 14th day Of October, 191O
and all holders q stock as aforesaid who snau
be such q, the cloae OF business on sa'a oto
At the special meeting OF the stockholders hereby
called for Friday, the 14th day Of October, 1910.
The polls will be open from IL O'Clock M
until O'Clock D.m-
BOARD OF DIRECToRs OF THE WASHING
TON GAS LIGHT COMPANY; o,,,u
Secretary Washington Gas Light Company.