The Washington herald., 1910-10-06
OFFICE OF THE WASHINGTON Gas LIGHT
C0MRANY- azL- IENTH 81 wv


COMPANY. 4s-T TENTH ST. NV
Washington CRY. ID. C., sept 8. 80
To the Stockholders ol TIE Washington Gas Lighr
Company.
Notice is hereby given that a special meeting q
the stockholders q the Washington Gas LiE1t Com
psay l. called by tie beard q directors u that con-
psuy for. and VII be held GA, FRIDAY the fJsr-
eenth day q October 1910. al 2 O'clock n. at tbs
principal Office Of TIE company No ils Tenth street
northwest. in the City Of Washington, D. C.. 70
transact such Business as nay prperly come before
sid meeting, and especially % consider and aD-
prove o. otAe-Sise act upon tie following pCoposl-
tons:
Oh SHAH the Washington Gas Light Company con
tuus Us practice hitherto o. declaring regular guar
terry dividends N It's stockholders from rs net
ings, 40 he rate q 10 per centua isr anuum up0a
It's authoFized capital Il 10000 which caDitaliza-
non was made many years ago and does not row
adequately represent the fair value q the property
q the cozHpauy used 5y l. for the benefit q tbs
public under the provisions q the c0upauys char
ter ard lis further practice Of declaring extra diEi-
dells from Us undivided profits. or shall % ID l.
tUre distribute among ITS stocklClders ia the pTl-
portions 10 which they are respectively entitled Lhs
net annual earnings n The company after deduCtrg
from Us gross earnings all proper erDenss q sd
TllIisratt1u ard - the conduct J its business AID
the SUMS Necessary % Jay interest upon It's bonds
and certificates o. Indebtedness together with an
amount sl.-clelr 20 cover deurpcati1u 10 dividends
% al amount aUprCImatiug Per esntum upon
the fair value q The pr1Ter-y uzed bg the said
company FOR the benefit Of the ruhIic j. supplying
gas unter rs charter assuming that tie sald net
earnings sha! l. sufficient 10 Justify said dTldsEdsg
% Shall the MONEYS needed annually FOR extern
Sons q the cOLnpaHys mains and Btheg expenses
generally classsd as "betterments" Be paid uut q
the earnings Of the company. OF shall such moneys
hereafter be raised = e bond issue OF issues
cured oy deed q trls- upon al o. tie eoRPaHys
property which IL Is entitled % embrace IN EgcI
deed Of trust said bonds % be sod for not lss
than per. and the proceeds thereof TO Be applied
extensively % said bettermeutsf
o. shall the company refund its ou.stsnd NJ bonds
nov bearing Or ccI,tlm interest Amounting % ap
proXimatey So eo 10 round numbers and also its
outstanding dividend certificates II Indebtedness bear
ing Ter eeltum interest. amounting 70 S6O00).
which certificates % Indebtedness payable AZ
TIE option u Tie Company b. q lev bond issue
cured by deed Il trust upon all q the property Of the
company which Il Is legally entitled 70 embrace IN
SAID deed 81 trust sad bonds 20 bear interest az
The rate OF pr etutUm pe- aluEm. aud 70 be pay
able q such time or times the sid SPECIAL
meeting q tie stockh0ders tsrsrhef1Ts called all
determine upon. tie contents q tire sad bonds and
also u the said deed Of trust 10 BE- approved BY
meeting Of the directors q the company subsequent
20 the said stoCkE0ldeTs' meeting but IN any event
20 contain stipulation waITiug the statutory Per
soLal responsibility q each sfockhoidsr for the
payment Of the said bonds and expressly stpulatlng
That hOldfrs q the said bonds shall rely only upon
the security embraced BE- the sad deed a trIstg
Further in the event that tbs said stockh0lders
meeting shah determine that future bstt5rmSnts
shah not Be paid oct q the earnings, bat shall Re
financed hy e bond issue. shan the issue Of bonds
contemplated II this proposition be increased, and
# SO, 70 what smour- Tor tie purpose q financing
said betterments required IL ne near futursi
II = is not thought eIpedieLt 70 refund The said
issue OF $500 900 q dividend certificates Of indebt
egness IN The manner next h-reiuhefOTs provided.
shall the said total issue of dividend certificates q
Indebtedness be paid with interest 70 the date
OF payment BY tbs proceeds q The sale IN open
market. for not less than par OF 16oUo q the
said new bonds or Of 50 many Of said bonds Is
NAV he required for the Xurposei
If Il be not thought sxpedient 70 sell the sad
s. 90 90 face value q the said bonds In open
market, shall 60 many q The stockholders Of tbs
company az a gwen date as shall aT8u themselves
Of the privilege within a limited time be entitled
70 subscribe and pay for toe said bonds at their
face value. said privilege q subscription ard pay
meat 20 be proportional 70 the holdings az the re-
spectiFe stockh1ldersf Shall SAD privilege next
hereinbefoge referred 10 apply also % 50 much Of
said issue ISSUES Il bonds shall bs Feguire
Tor lnancing betItTneutsl
All s15Jrdinats propositions embraced ia and per-
tinent 70 the said mail EroposI ious above stated
shall. 70 the necessary extent. be considered and
acted upon BY the said stockholders meeting.
According 10 the charter and bylaws q tbs
Washington Gas Light Company, only such stockhold-
ers allowed 20 vote st any meeting Of the stock
holders as shall have been holders Of tie certificates
Of stock OF the said company in their and
proper names for the period Of fourteen days pre-
ylous 90 any stocshoders' meeting. In order that
al stockholders may hsys en- opportunity 10 have
their stock thus registered In the books Of the
company. the stock transfer books q the company
viii be closed az close a business at ; ?. N. on
ThuTSdsv the 9Th day Of September 1910 ami
viii remain closed until the close Of business az
5 n m. on Friday, the 18th DAY Of October. 1919;
and all holders q stock aforesaid who shall be
such az the close q business on said 9Th day OF
September. 1910, Will be entitled 20 vote a. tbs
special meeting Of the stockholdsgs hereby called
to. Friday the l4th day OF Octobes 1910.
The polls viii be open from q o'clock m untI
o'clock p m Respectfully
BOARD OF DIRECTORS OF THB WASHING
TON GAS LIGHT COMPANY
b WILLIAM g. ORME.
Secretary Washington Gas Light Company.
seiSs2t