Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-09-21
OFFICE OF THE
WASHINGTON GAS LIGHT COMPANY,
413-17 10th ST. NV.

Washington City. D. c.. September e. 1910.
To the Stockholders Of the Washington Gas
Notice is hereby given that a special meetine
Of tn stockholders Of the Washington Gas Ligh,
Company is called by the board of directors o1
that company for. and will he held on. Friday
the 1ith day of October. 1910. at IL o'clock m; M
10th street northwest In the city of Washing
ton. D. C.. to transact such business as may
properly come before said meeting, and especially
10 consider and approve or otherwise act upon
The following PROPOSITIONS:
I'll Shall the Washington Gas Light Company
continue its practice hitherto Of declaring regu
lsr quarterly dividends to its stockholders from
It's net 9nnng at the rate OF ten per
$4,000 900. which capitalization was made many
years ago; and does not now adequately repre- ,e
pany used by il for the benefit of the public
under the provisions of the companys charter,
and its further practice of declaring extra div
dends from its undivided profits: shall 1t In
future distribute among its stockholders, in the
proportions to which they are respectively en-
titled. the net annual earnings of the company
after deducting from its gr9ss earnings s al. al
conduct of its business and the sums necessary
to pay interest upon its bonds and certificates
cient to cover depreciation. in dividends TO an
amount approximating six per centum upon the
M value OF the W t used ,r ~ 'Ge e
plying gas under its charter. assuming that the
said net earnings shall be sufficient to justify
said dividends?
-, Shall the moneys needed annually for ex-
tensions of the company's mains and other ex-
paid out of the earnings of the company. or
shall such moneys hereafter be raised by
upon all Of the company's property which 1t Is
entitled TO embrace in such deed OF trust. SAID
proceeds thereof to be applied exclusively to
said betterments?
bonds now hearing four per centnm interest,"
amounting TO approximately S600.OO0 In round
numbers and also its outstanding dividend eertif.
Gates of Indebtedness bearing six per centrum
interest amounting to s2.GOo.0o0. which certin-
Gates of Indebtedness are now payable at the
option OF the company. by new BOND Issue
secured by deed of trust upon all of the prop
erty of the company which it is legally entitled
to embrace in said deed of trust. said bonds to
hear interest at the rate of five per centum per
annum, and to be PAYABLE at such time or
times the said special meeting of the stock
holders hereinbefore called shall determine upon,
the contents of the said bonds and also OF the
said deed of trust to be approved by a meeting
of the directors of the company subsequent to
the said stockholders meeting. but In any event
PERSONAL ia responsbty of each stoekhoder for the
payment of the said bonds. and expressly stipu-
latins that holders of the said bonds shall rely
only upon the security embraced in the said
deed of trust: Further in the event that the
said stockholders meeting shall determine that
earnings. but shall be financed by a bond issue
shall the Issue of bonds contemplated in this
amount for the purpose of financing said bet
terments REQUIRED in the near future:
said issue of s26OOO0O of dividend certificates
of Indebtedness in the manner next hereinhefore
provided. shall the SAID total issue OF ulNiuehu
certificates Of Indebtedness be paid with interest
to the date of payment by the proceeds of the
sale in market. for not less than par. OF
81, 600 of the said new bonds, or of so many
of said bonds may be required for the purpose!
If it he not thought expedient to sell the said
g.. 600 900 face value of the said bonds In open
market shall many Of the stockholders OF the
company at given date as shall avail them
selves of the privilege within limited time he
entitled to subscribe and pay for the said bonds
at their face value said privilege of subscription
and payment to be proportional TO the holdings
of the respective stockholders: Shall said privl-
leCe next herenbefere referred TO apply also 10
much OF said issue issues of bonds as
shall be required for financing betterments?
All subordinate propositions embraced In ana
pertinent to the said main propositions above
stated shall. to the necessary extent he cons1d,
cred and acted upon by the said stockholders
According to the charter and bylaws of the
Washington Gas Light Company. only such stock
the stockholders as shall have been holders OF
the certificates of stock OF the said company IN
their and proper names for the period OF
fourteen days previous to any stockholders
have an opportunity to have their stock thus
registered in the books of the company the
stock transfer books of the company Will be
closed at close of business at Pm. on Thurs
remain closed until the close Of business at 3
m on Friday. the 18th day of October 1910:
and all holders Of stock aforesaid who shall
he such at the closes of business on said 18th
ut the special meeting of the stockholders hereby
called for Friday, the 14th day OF october. 1910
The polls will be open from II O'Clock m
until / O'Clock p.m.
Respectfully.
BOARD OF DIRECTORS OF THE WASHING
TON GAS LIGHT COMPANY:
BY WILLIAM B. ORME,
Secretary Washington Gas Light Company.