The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1910-09-17
SPECIAL NOTICES
OFFICE OF THE
Washington Gas Light Company,
1911 TENTH STREET n. W.
Washington city, D; c;

g.. - - 1orr
To the stockholders OK the washington
Gas LiSht Company
Notice IS hereby given that a special
| meeting Of the stockholders of the
Washington Gas Light Company Is
called by the Board Of Directors Of that
Company for, and will be held on, FRI
day, the fourteenth day OF October 1910,
at y O'Clock n. at the principal Office
northwest, IN the City OF Washington,
d c. 70 transact such business as may
properly come before said meeting. and
especially 10 consider and approve or
Otherwise act upon the following propo-
Sttio1s:
% Shall the Washington Gas Light
Company continue it's practice hitherto
OF declaring regular quarterly dividends
10 its stockholders from It's net earnings
AZ the rate OF ten Der csntuTn per annUm
upon It's authorized capitas OF =. 10000,
which capitalization was made MANY
years ago, and does not now adequately
represent the fair value Of the property
OF the Company used by Il for the bene.
NJ OF the public under the provisions OF
the ComPanys charter. and its further
practice OF Declaring extra dividends
from Its undivided profits; OF, shall IL
IN future distribute among Its stock
holders. In the proportions TO which they
are respectively entitled the net annual
earnings OF the Company after deduct
Ing rom It's gross earnings all proper
expenses of administration and Of the
conduct Of its business and the sums
necessary 70 pay interest upon its bonds
ana ceruhcates OF Indebtedness, to-
gethsr- with an amount sufficient to
cover depreciation In dividends TO an
amount approximat!ng six per centvrn
upon the fair value OF the proDeTtv FlSed
oy the said Company for the benefit OF
charter assuming that the said net earn
IT'S iillEs seal: be sufficient TO justify said
% Shall the moneys needed annually
Tor extensions OF the Company's mains
and other expenses generally classed az
ottterTnents De paid out Of the earn
M
moneys hereafter be raised BY a bond
issue OF issues secured by deed OF trust
which Il Is entitled to embrace fr, ssr7Ci
deed OF trust, said bonds to be sold for
not less than par. and the proceeds
thereof 70 Dc applied exclusively 10 said
90 Shall the company refund its out-
starfiine bonds now bearing four Der CEN
tuIn interest amounting TO approximate
" $4,000 in round numbers and sfSo
its outstanding dividend Certificates n
indebtedness bearing six per cent;t-o IN
terest- amounting to szEa.GCo which
certificates Of indebtedness are now nav
able at the option OF the company. BY
new bond Issue, secured By deed Of
Ir1sI upon an Of the property OF the
company which II Is legally entitled TO
embrace in said deco Of trust safd
boi,0s 70 Dear interest at the RATE Of f7--a
per centpTn Per annuTn, and to be payz-
bic at such me OF times IS the sid a.
cia. meet ng Of the stockholders berefn-
before called shall determine upon fhs
AOAAlElAlS OF LllG SAID bonds and zfz0 ~
the said deed OF trust to be Approved
by a meeting OF the directors OF the
company subsequent to the said Efo~l-
soictrs meeting, but in any event 10
utory personal responsibility o. each
stakeholder for the payment OF the ssid
bonds. and expressly stipufa+ing mar
holders Of the said bonds shall raTyy orTy,
upon the security embraced n, re- go
deed OF trUst2 Further, n the event
that the said stockholders meeting
snail determine that future Detteruents
shall not be paid out OF earnEn4zs ty,,t
shall be financed by bond issue. shan
the issue OF bonds CONTEMPLATED fu-fhfs
proposition be increased. an5 4 50, 70
what amount. for the purpose Of 6na1c-
ing said betterments required IN the
near future?
II It is not thought expedient to re-
fund the sail issue OF SZ.6slssG Of s5fvf-
den certificates Of indebtedness in tha
manner HeNt hereinbefore provided. shall
the said total issue Of dividend crrrfn-
est 10 the date Of payment ~ the y1rc,-
ceeds OF the sale in open market for
not less than par. OF S2o3-OO Of The
said new bonds or OF 50 many II SAID
bonds as may be required for he plsr-
poser
II il be not thought expedIent 20 sen
the said 3. 6O0, 900 face value OF the SAID
bonds IN open market, shall 81 many
Of the stockholders Of the company at
a given date as shall avail themselves
OF the privilege within a limited time
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 hereinbefore referred 10
apply also to so much Of said new issue
or issues OF bonds as shall be required
for financing bettermentS2
All subordinate propositions en-
braced in and pertinent to the said
main propositions above stated shall.
to the necessary extent be considered
and acted by the said x
holders meeting.
According TO the charter and bylaws
Of the Washington Gas Light Com
pany. only such stockholders are allow
ed TO vote at any meeting of the stock
holders as shall have been holders OF
the certificates Of stock Of the said
names for the period Of fourteen days
previous to any stockholders meeting
IN order that all stockholders may
have an opportunity TO have their stock
Company. the stock transfer books OF
the Company will be closed at close OF
business at p m on Thursday. the
18th 6av Of September, 1910, and viii
remain closed until the close OF busi-
ness at 3 p on Friday. the 18th day
of October 1870 and all holders OF stock
as aforesaid who shall be such at the
close Of business on said 18th day. OF
September 1910, viii be entitled to vote
at the special meeting of the stock
holders hereby called for Friday the
The polls viii Re open from l. O'Clock
m until I O'Clock p m
EoARp OF DiRECToRs OF THE
WASHINGTON GAS LIGHT Conf
IANY.
ington Gas Light Company seIs-SIt
SPECIAL ATTENTION.
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