The Washington times., 1910-09-15
SPECIAL NOTICES
OFFICE OF THE
Washington Gas Light Company,
si3-I7 TENTH STREET y W
Washington City. D. g.
$500 - Il 1910

September Is. 1910
To the Stockholders OF the Washington
Gas Light Company
Notice IS hereby given that special
meeting q the stockholders Of the
called b. Lhe Board Of Directors OF that
Company for and viii be held On, Fri
day, the fourteenth day of October, 1910.
at L O'Clock NJ at the principal Office
Of the Company, No 40 Tenth Street
northwest n the City OF Washington.
D. c, 10 transact such business as may
properly come before said meeting, and
especially to consider and approve OF
Otherwise act upon the following prOpO-
% Shall the washington Gas LdEhA
COMPANY continue its practice hithertQ
OF declaring regular quarterly dfVideuCS
70 Its stockholders from its net earnings.
at the rate Of ten per csntun per annurn
upon its authorized capital OF S263.OG0
which capitalization was made many
years ago, and does not now adequately
represent the fair value Of the property
or the Company used b. fl for the bene-
TT OF the public under the provisions OF
liie company : cnstEter, and its further
practice OF declaring extra DIVIDENDS
nom its undivided profits. OF. shall IL
n IuluTe distribute among is stock
are respectively entitled. the net annual
earnings OF the COMPANY after deduct
ing from Its gross earnings all proper
expenses OF administration and Of the
conduct OF its business and the sums
necessary to ray interest upon its bonds
ana certificates Of indebtedness to-
gethsr with an amount sufficient tn
cover oepreciation in dividends 70 an
amount aDprOMmating six per centurn
upon the fair value Of the property used
| by the said Company FOR the benefit Of
the public IN supplying gas under its
cIarter, assuming that the said net earn
4ugS SGs3i- Dc sufficient to justify said
dividends.
e. Shall the moneys needed annually
Tor extensions Of the Company's mains
and other expenses generally ciassed a.
betteTTneTts be paid out Of the earn
! ings 81 the CCnsDany, or shan such
moneys hereafter be raised bv z bond
issue or issues secured by deed OF trust
upon all Of the COmpanv-S D-opertv
I which il is entitled to embrace in such
deed OF trust said bonds 20 be sold for
not less than par, and the proceeds
mercer 70 bs applied exclusively 70 said
/ o. Shall the company refund it= ont
staT.dtnc ponds now bearing four per cen
tuIn interest, amounting 70 spproxirna te-
/ y $4,000 in round numbers. and also
its outstanding dividend certificates OF
indebtedness bearing six per ceuturn in
terest. amounting 10 S260-Cf0 which
certificates Of Indebtedness are now pay
able at the option OF the company, By
q new bond issue. secured By deed OF
/ trust upon all Of the property Of the
company which i is legally entitled TO
embrace in said deco OF trust said
I bords 70 bear interest at the rate Of Eve
/ per centum per annun, and 10 be paya-
I bic al such me OF times as the said sps-
Ga me- ng OF the Stockholders herein
/ before c5lled shall determine upon. thu
contents Of the said bonds and also 81
I the said deet OF trust 20 be approved
I by a meetInE OF the directors OF the
! com ESny subsequent to the said stock
1OiceTs meeting. but IN any event 70
contain a stipulation waving the stat
utory personal responsibility Of each
stakeholder for the payment OF the said
I lsCnCs- and expressly stipula. iB- that
holders Of the said bonds shall RELY onf-
UPON The security embraced IN the said
deed OF tTustZ Further, in the event
that the said stockholders meeting
shall determine that future Detterments
stall rot be paid out OF eaTuin-s, hut
shall b. financed by q bond Issue. SnaII
the issue Of bonds CONTEMPLATED in This
proposition be increased ami II so. 70
/ what amount, for the purpose Of iHanc-
/ near future2
| II It IS not thought expedieut TO re-
/ fund the sail issue Of $1,000 Of divi-
I den certificates OF indebtedlass IN the
manner 1lsNt hereinbefore provided. shall
/ the said total issue OF dividend csrtfff-
] Gates OF Indebtedness be paid with inter
! est to the date OF payment - the pro
/ ceeds OF the sale in open market. Tor
not less than par, Of sS-olt,iF3 Of the
said new bonds, or OF so many 0f said
4 bonds as may be required for me pur-
/ pOSe2
| If 1t be not thought expedleut 70 sell
| the said S2,ssl,e6 face value % the said
/ oonoS n open Inarket' SnaI 50 many
4 OF the stockholders Of the company AZ
! a given date as shall avail themselves
/ OF the privilege within limited time
/ be entitled 10 subscribe and pay for the
I said bonds at their face value said
/ privilege OF subscription and payment
| to be proportional 70 the holdings OF the
respective stockholders? Shall said
/ privilege next heTelnoefore referred 70
/ apply also 70 50 much Of said new issue
/ or issues Of bonds as shall be required
| for financing betterments2
1 Al subordinate propositions en-
/ braced in and pertinent to the said
I main propositions above stated shall
| TO the necessary extent be considered
( and acted upon by the said stock
1
4 According TO the charter and bylaws
Z OF the Washington Gas Light Com
] pany only such stockholders are allow
F.! ed TO vote Al any meeting OF the stock
/ holders as shall have been holders or
| the certificates OF stock OF the said
/ Company in their own and proper
! previous 10 any stockholders meeting
/ IN order that all stockholders may
I have an opportunity to have their stock
( thus registered IN the books OF the
[ Company. the stock transfer. books OF
I the Company viii be closed at close Of
! business at q m on Thursday, the
18th DAY OF September, 1910. and viii
| remain closed until che close Of buS5-
ness at ; D m, on FRIDAY, the 18th a.
as aforesaid who shall be Snch at the
/ close Of business on said 9th day Of
I September, 1910, VIII be entitled TO vote
! at the special meeting Of the stock
4 18th day Of October. 1910
The polls viii be open from = O'Clock
m until / CLOCK p IN
! Respectful X.
IEoARD or DIRECTORS ~ THE
WASHINGTON GAS LIGHT COM
T-ANY.
By
| WILLIAM r ORAIE. Secretary, Wash
- ingtOn Gas Light Company seI3-31t
/ JOINT SPECIAL MEETING OF
! FyriCklayers' and MaSons' Unions of Nos
/ and Of d 9 Friday. Sept 18th. 5 D.
10, at CosteIIo-s Hall Business OF i'm
portonce- GEO. w ELLIOTT
| Rec Sec-y Of No. J.
sPECIAT. ATTENTION