The Washington herald., 1910-09-16

OftlCE or The WASHINGTON Gas LIGHT
COMPANY. lJH TENTH ST NV
Washington City. d. C., Sept S. 1910
To the Stockholders Of the Washington Gas Lighs
Company.
Notice Is hereby gfFen that a speclsi meeting o.
the sioczholdefs 81 che Washington Gas Light Coz
lany E called by tire board Of directors Of that con-
pany for. and win be held on FRIDAY the four
tenth day Of October. 1910 al y O'Clock m a: ths
principal osice o. The COMPANY No AIS Tenth street
northwest. in the City Of Washington D. c.. %
transact saeh business a. nay properly come before
said meeting and especially 10 consider and ap-
prove or otherwise act upon the following lroposi-
ti0ns:
% Shall the Washington Gas Light Company con
tnue Us practice hitherto q declaring regular quar-
ery dividends 10 its stockholders from IT'S net earn
ings, az the rate Of 70 per centam Per annum upon
IFS authorized capital Of S260oO0 which capitaliza-
ton was made many years ago. and does not now
adequately represent the fair vauo a ths property
OF the company used By 20 Tor the 3cueht Of tbs
public under the provisions Of the oonpaay's char
ter and It's is-ther practice Of declaring extra dTi.
dends from its undivided profits. or shall II IL fu-
ture distribute among its stockholders in the pro-
portions % which they are respectively entitled the
net annual earnings o. the company after deductlg
from IFS gross earnings al proper expenses o. adj
ministraton and q the conduct Of its business aud
the SUNS necessary 90 pay interest upOn It's bonds
and certificates ~ Indebtedness together with al
amount sufficient % cover depreciation "a dividends
70 an amount approTmatins ger eentUm upoa
the fair value o. the property used BY the said
company for the benefit q the public in supplying
gas under is charter. assuming that the said &c.
earnings shall IL sufficient % justify said dlvldendst
~ Shall the moneys needed annually for eXten-
sions Of the c0mparys mains and other eIpersss
generally classed 'bettements" be paid out *
the earnings Of the company. OF shall such moneys
hereafter be raised bY a bond issue OF issues
cured By deed Of trust upon all Of the company's
property which Il is entitled % embrace 10 such
deed Of trust said bonds 20 be sold for not less
than par. and the proceeds thereof to be applied
exclusively 30 sad betterments?
81 shall the company refund its outstanding bonds
row bearing per centum interest. amounting 20 sr
p-OImately $50 0o0 in round numbers. and also its
outstanding dividend certificates q Indebtedness bear
ins per centum interest. amounting 20 G6OOO
which certificates % Indebtedness now payable az
the option q the company hy a new bond issue Sc
cured by deed q trust upon al 81 the property % the
company which % is legally entitled 20 embrace "a
said deed Of trust said bouds % bear interest az
the rate Of per centum per annum. and 20 be pay
able az such time OF times as the saji special
meeting q the stockholders herenbefore called shall
determine upon the contents o. the said bonds and
also q he said deed Of trust % be approved BY
meeting oi rhc directors Of the company subsequent
% the said stockholders meeting but in any eFsut
% contain stipulation waving the statutory PER
soma responsibility q each stOckholder for the
payment Of -he said bonds and expressly stpulatlns
that holder. o. the said bonds shall rely only upon
the security embraced In the said deed ol trIstt
Further. in the event that the said stockholders
meeting shall determine that future 6etcernents
shall not be paid out Of the earning but slali he
financed by a bead issue. shall The ISSUE 90 bonds
contemplated In this proposition be increased and
Il So % what amount. for the purpose Of financing
said hettcrmerts required in the rear future'
II IL Is not thought eXpsdeut 20 refund The said
issue Of N60 600 q dividend certificates o. indebt-
sdness in the manner next hsreiubefoge provided.
shah the said total issue % dividend certificates %
Indebtedness be paid With interest 20 the date
Of payment by the proceeds o. the sale in open
market. for not les than par. Of 200 Jeo q TIE
said new bonds. or o. 80 many Of said bonds IS
nav be required Tor the Surposei
II &c be not thought eIpeCleut % sell the said
600 face value q the said bords II oQen
market. shall so many q the stockho,de-s Of the
company at given date as shall avah themselves
q the privilege within a lmired time be euttled
70 subscribe ard pay Tor the said bonds a. their
face value. eaid privilege q subscription and pay
msnt 20 be proportional 70 the holdings Of The re-
spective stockholders shall said privilege next
hereiubefore referred 90 apply also 90 50 much q
said issue issues a. bonds as shah be required
Tor financing bettermentsi
All subordinate propositions embraced in and ger
rinent 20 the SAID main propositions above stated
shall % the necessary extent b considered and
acted upon By the said stockholders uest-as-
According % the charter ard bylaws % the
Washington GaS Light Company. only such stockhold-
allowed - vote at any meeting OF the stock
holders as shall have been holders Of the certificates
of stock o. the said company in their own and
proper names for the period q fourteen DAYS pre-
vi0us 20 any stockholders meetirg In order that
al stockholders may have an opportunity 70 haTe
their stock thus registered in the hooks a tbs
company. the stock transfer books Of The company
viii he closed CO close Of business a. 2. u On
Thursday. the 9th DAY a SepteT1ber. 1910, and
VIII remain closed until the closc az business az
5 .. N. on Friday the 18th day Of October $40:
and all holders q stock az Aforesaid who shall Be
such az the close Of Business said 9Th day q
September. 1870, wiz be entitled q vote a. the
special meeting a the stockholders hereby called
for Friday. the 18th day Of Octobe-. iia
The polls VIII be 0Qen from y o'csock N. until
I O'Clock p. n. Respectfully
BOARD OF DIRECTORS OF The WASHING
Ton GAS LIGHT COMPANY
By WILLIAM B. ORAIE
secretayv Washington Gas Light Company.
scI5E-r