The Washington herald., 1910-09-17
SPECIAL NOTICES.
OFFICE OF THE WASHINGTON GAS LIGHT
COMPANY. ASl7 TENTH ST. NV.

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OFFICE OF THE WASHINGTON GAS LIGHT
COMPANY. 4ls-H TENTH ST. NV.
Washington City D. C., sept s. 1910
To the Stockholders Of the Washington Gas Light
Company:
Notice is hereby given that a special meeting OF
tho stockholders Of the Washington Gas Light Com
pAny called BY the board Of directors Of that con-
pany for, ana viii be held on. FRIDAY. the iaur-
tenth day Of October. 1870 at p O'Clock n al the
principal ohee Of the company. No. 4s Tenth street
northwest in the City Of Washington, D. G. 10
transact such business may properly come before
said meeting, and especially to consider and ep-
prove or Otherwise act upon the following proposi-
tons:
ll shall the Washington Gas Light Company coz
tnue Us practice hitherto uf declaring regular quar-
teiy dividends 20 its stockholders from its net earn
ins- az me rate Of 10 per centum per annum upon
us authorized capital Of s2.sooOo shch capitaliza-
ton was made many years ago and does not nov
adequately represent the fair value of the property
OF me company used by II for the benefit Of the
pubic under the provisions Of the c0mpany's char
TER and ia further practice o. declaring extra dvi
denos from It's undivided profits; or shall Il in fu-
t1re distribute among It's stockholders In the pro-
portions 10 which they respectively entitled. the
net annual earnings q the company after deduct 90
ir0m IT'S gross earnings all proper expenses Of ad-
nlpstfatlon erQ Of the conduct Of It's business aud
the sums necessary % pay interest upon its bonds
and certificates Of Indebtedness together with an
amount sufficient 70 cover depreciation in dividends
70 az amount approNmlting PER centum upon
the lair value Of the property used By the said
company for the benefit Of the public in supplying
gas under Us charter assuming that the said net
earnings shall aT sufficient to Justify said diTdcndsl
~ Shall the moneys needed annually for extern
sons OF the compauy6 mains and other eVpensef
generally clsssed as "betterments' be paid uut Of
the earnings Of the company OF shall such moneys
hereafter be raised b. a bond issue OF issues Sc
cured b deed Of trust upon all Of the company's
property which II Is eutitled 70 embrace in such
deed Of trust said bonds 20 Be sold for no. ieSs
than par and the proceeds thereof % be applied
exclusively % said bettermentsY
80 Shall the company refund its outstanding bonds
now bearing Der ceutum interest amounting 70 an
prOxmatoly 500 900 in round numbers and also us
outstanding dividend certificates o. Indebtedness bear
ing per oentum interest. amounting 70 $2siO o0).
which certificates OF Indebtedness are now payable az
the option OF the company By a new bond issue &C.
cured BY deed n trust upon al q the property q the
company which II Is legally entitled 70 embrace il
said deed of trust said bonds 10 bear interest az
the rate Of per centurn PER annvr, and 20 be gay
able AZ such time or times as the sid special
meeting o. the stockholders hsrenbeore called shall
determine upon the contents of the said bonds and
also Of the said deed o. trust 70 be approved By
meeting Of the directors Of the company subsequent
70 the said stockholders' meeting but in any event
70 contain a stipulation waving the statutory per
sopal responsibility Of each stakeholder for the
payment Of the said bonds and expressly stipuating
that holders Of the said bonds shall rely only upon
the security embraced in the said deed Of trIstf
meeting shall determine that future bettements
shah not be paid out Of the earnings. but shall be
financed by bond issue. shall the issue q bonds
contemplated In this proposition be increased. ana
II 80. 20 what amount. for the purpose Of financing
said bette-mentS required 10 the near future!
II u Is not thought eXpedieut 70 refund tire said
issue q g. 500 90 Of dividend certificate Of ndebt
tdnesS IN the manner next hereinbeiose i-9yldeo-
shall the said total issue Of dividend certificates Of
Indebtedness b paid with interest % the date
= payment b. the proceeds q the sale IN open
market. Tor not less than par. Of s2Se909 q me
said bonds, n many Of said booos a.
may be required for the Eu-posei
II Il be Tot thougny e1pe1ient % sell the said
g 800 900 face value Of the said bonds IN open
market. shall many Of the stockholders Of the
company az a gwen date az shall avail themselves
q the privilege within a limited time be entitled
% subscribe ard pay for the said bonds az their
face value said privilege Of subscription and pay
rneut 20 be proportional 70 the holdings q the re-
spectiFe stockholdCrsf shall said privilege next
hcreinbefore referred TO apply also % 80 much o.
said issue issues n bonds as shan be required
for financing bettsunentsi
All subordinate propositions emhracrd IN and PER
tinent 20 the said main propositions aboTe stated
shall 10 the necessary extent. be considered and
acted upon b. the said st0Ckholders meeting.
According 20 the charter and bylaws Of The
Washington Gas Light COMPANY ONLY such stockholt-
CTS are allowed 20 vote az any meeting q The stock
holders as shall have been holders q the certificates
Of stock Of the said COMPANY in their own and
proper names for the p5-iad q fourteen days pre-
rious 10 any stockholders' meeting In order that
all stockholders may have IN opportunity 10 have
their stock thus registered in the books q TIE
company. the stock transfer books q the company
win BE- closed az close o. business a. p n on
THURSDAY the Esh DAY n September. 1910 and
VIII remain closed until TIE close Of business az
5 q. n on Friday the 18th day % October. lsl0;
and ail holders q stock A. aforesaid who shall be
such al the close of busiiess on said 9Th day of
September 1910. VIII be entitled % vote a. the
special meeting Of the stockholders hereby called
FOR Friday the 18th day q Octobc-. l9.a
The polls VIII be opeu from y O'Clock n until
I O'Clock ?. m Respectfully
BOARD OF DIRECTORS OF The WASHING
TON GAS LIGHT COMPANY.
p WILLIAM B. ORNiE
< Secretary Washington Gas Light Company
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