The Washington herald., 1910-09-20

Washington AAf u Va HfpL o 1910.
To the Stockholders q tie Washington Gas Lizlt
Company;
Notice IS hereby given Inst special meeting q
the stockholders q the Washington Gas Light Com
rany Is called by the board d directors Of that
pany for. and viii be held on, FRIDAY the four
tenth day q October 1910 al z o'clock NJ. az the
principal Office Of the company No sI5 Tenth sIeet
noTthwest ia tie City u Washington u. c.. -
transact such business may FEs perry come before
said meeting, and especially 10 consider and aD-
Prove OF otherwss act upon the following pgolSs.-
tions:
Old Shall the Washington Gas Lint CcmpaSy con
tinue is practice hitherto Of deeanng regular quar-
tey dividends 20 Us stockholders from its net earn
ing. al the rate Of 10 Ter oeutum Ter annum upon
Us authorized capital Of co. which capitalize
ton vas made many years age, anu does not
adequately represent the fair yalc Of The property
OF The company used b. it for The benefit 81 tLs
public under the provisions Of the eJuparys char
ter and its further practice q debating extra d.E
bends from lis undivided profits; cr SHAH .. il FL
tuTe distribute among It's stockholders Iu The FT-
portions 20 which they are respectively entitled tae
net annual earnings Of the company after dslues
from us groS earnings all proper eToFuss r adj
minlstTstOn and q the conduct q lis business aud
the sums Necessary u pay interest upon It's bonds
and Srtlfcstes q indebtedness together wtl al
amount sufficient % cover depreciation dividends
n an amount approXImariHg Ter caE--n upon
the fair value a THE property used lF the SAID
company for the benefit Of fle public B. supplying
gas under its charter. assuming r-a1 Tie said lei
earnings shall - sufficient % Justify said dr.1sIdss
~ shall the moneys needed snrE1lls Tor eE-=l-
sions q the conpsnys mains and other expenses
generally classd as betterIeuts be paid ulr 4
Tie earnings q the company IT shall such moneys
hereafter be raised by a bond issue oT issues Sc
cured hy deed o. Trust upon al q The c1mraE7s
property which x is entitled o. emhrar= Do sGCl
deed q trust. sad bonds % be sold fCT MOI less
than par, and the proceeds thereof 20 be- applied
exclusively % SAID hst-eueutss
49, shall the company refund its outstanding bonds
faz- 4
proKimstsy S6]3 900 in round numbers and also rs
outstanding dividend certificates q indebednsss bsar
ing 6 per centun interest amounting % S-6Boo'.
which certificates u Indebtedness are payable az
the option n the company by q new bond issue Sc
cured hg deed q trUst upon al O. the property u tie
company which il Is legally entitled 70 embrace u
said deed q trust said bonds 70 bear interest u
The rate q Per Ceutum psT annum and 20 he pay
able al such tine or times as me ssl3 SPECIAL
meeting Of the stockholders leTeilbet1-e called shall
determine upon the contents n the said bonds ard
also o. the sald deed q trust 20 be approved ~
meeting of the directors 81 the company -ubs=4 -srt
TO the sad stockholders meeting but in any eIelE
20 COZ ain stipulation waving the statutory PEI
soual responsibility 4 each stocsl-Idsr f-s the
payment 81 the said bonds and expressly STIMULATING
list holders q the said bonds shah rely only upon
The security embraced in the said deed Of trust!
Further. IN The event that the said s-FEzHr-l=-s
meeting shall determine thar future t5-yemsurs
shan not ue paid out # the esrUlngs. rEt shah b
financed hy a bond issue shall the issue Ct bonds
contemplated In this proposition be increased. ard
4 50, 20 what amount fC- the purpose NJ financing
said bettements required in the -sa- future:
II i Is not thought eXpe1i5Et O. refund rEs SID
issue q 8 500 600 Of dividend certificates q Lleb--
edness IN the manner next Ezr----5-2re provided.
shall the said total issue ri dividend certificates Il
Indebtedness Be paid with interest n TIE date
q payment BY the proceeds ofathe sale In opel
market, for not les than par q G64 90 q tie
said new bonds, OF ri 80 many Cf SAID bonds as
may be required FOR the &urp1se!
II II be not Thought sxpe1ient o. sell the sad
500 900 face value q the said bonds n o1eI
market. shall many q the stockholders q tLs
company al a given date as shall avail themselves
Of the privilege within a limited time BE- entitled
70 subscribe snd pay FOR the said bonds az their
face value, said privilege q subscription and pay
ment 20 be proportional q the holdings II the
spectiye stockholderl snail said privilege ne1t
heTeinbefore referred 20 apply also - So much Of
sad issues % bonds shall be required
for financing bstteuneutsi
All subordinate rop1sitions embraced IN and Ter
tinent 70 the said main propositions above stated
shall 20 the Necessary extent, be considered and
acted upon by the said stockholders meeting
According 20 the charter and bylaws ~ fhs
Waslingtoi Gas Light Company only such strckhoid-
allowed 20 vote any meeting n the stock
holders shall have been holders Of the certificates
Of stock % the said company N their oVn and
proper names for the period Of fourteen DAYS pre-
vious 70 any stockholders meeting IN order that
all Stockholders nay have an opportunity 10 have
their stock thus registered in the books q the
company. the stock transfer books Of the company
viii be closed al close q business a. D. ~ on
Thursday. the 18th day of September, 1910. and
viii remain closed until the close Of business 81
; D. n. on Friday. the lith day q October 1910.
aud all holders Of stock aforesaid who shall DO
such az the close * business on said 23-h day q
September. 1910 Will be entitled 10 vote a. tbs
special meeting # the stockholders hereby called
for Friday. the 18th day Of Octobe- 1871.
The POLLS will be opsn from y O'Clock until
[ O'Clock p. m. Respectfully
BOARD OF DIRECTORS OF THE WASHING
TON GAS LIGHT COMPANY
b WILLIAM 3. ORME.
Secretary Washington Gas Light Company.
ssIsyt