Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-10-11
OFFICE OF THE
WASHINGTON GAS LIGHT COMPANY,

413-11 10th st. NV.
To the Stockholders of the Washington Gas
Light COMPANY:
90 the stockholders Of the Washington Gas Light
COMPANY IS called by the board of directors of
The i4th day Of october 1910. at 10 O'Clock m.
at the principal Office of the company, No: Alb
Ton. D. c.. TO transact such business may
properly come before said meeting. and especially
70 consider and approve otherwise act upon
III Shall the Washington Gas Light Company
continue its practice hitherto of declaring regu-
l7r quarterly dividends TO its stockholders from
is net earnings. at the rate of ten per centum
So 500. ono. which capitalization was made many
years ago: and does not now adequately repre-
sent the fair value of the property of the com
pany used by II for the benefit of the public
under the provisions Of the companys charter,
and rs further practice of declaring extra divi-
dends from its undivided profits: or shall 1t in
future distribute among its stockholders. in the
PROPORTIONS to which they are respectively en-
tilted. the net annual earnings of the company
sitter deductinS from its gross earnings all
prooer EXPENSES of administration and OF the
ronduct Of its business and the sums necessary
70 pay interest upon its bonds and certificates
cient to cover depreciation. in dividends to an
amount approximating six per centum upon the
company for the benefit Of the public in sup
plying gas under Its charter, assuming that the
sad net earnings shall be SUFFICIENT to justify
-, Shall the moneys needed annually for ex-
penses generally cisssed as .'betterments'' be
psid out Of the earnings of the company.
bond Issue or issues secured by deed Of trust
upon all Of the company's property which II is
bonds to be sold for not less than par. and the
proceeds thereof to be applied exclusively to
go Shall the company refund fits outstanding
bonds now hearing four per centum interest,"
numbers and also its outstanding dividend certin-
Gates of Indebtedness bearing six per centg 'n
sstes of Indebtedness are payable at the
option Of the company. By new bond issue
erfy Of the company which It is legally entitled
20 emt-sce in said deed Of trust said bonds to
and to be r psyaSie at such time or
y tines q: the said special meeting Of the stock
q the CONTENTS of the said bonds and also Of the
said deed Of trust TO be approved by meeting
the said stockholders' meeting but in any event
TO contain sii.nlation waving the statutory
payment OF the said bonds and expressly stiDu-
fsting that holders OF the said bonds shall RELY
tsid stockholders meeting shall determine that
earnings. but shall he financed by a bond issue.
. shall the issue of bonds contemplated in this
snount. for the purpose of financing said bet
terments REQUIRED In the near future?
sid ISSUE Of 50 100000 Of dividend certincates
81 Indebtedness IN the manner next hereinhesore
certificates of Indebtedness be paid with interest
20 the date Of payment by the proceeds OF the
sale IN open market for not less than par. OF
-. eno. 900 of the said bonds. OF OF so many
% said bonds as NAV be required for the purpose?
lf II he not thought expedient TO sell the said
81. en- go face value of the said bonds in open
market shall many Of the stockholders of the
selves NJ the privilege within a limited time be
entitled to subscribe and paw for the said bonds
81 their fare value ssd privilege Of srlbscripton
ard pavmeht 70 be proportional 20 the holdings
81 the respective stockholders Shall said privi-
lecr next hereinbefcre referred 70 apply also to
much of said issue or issues CT bonds as
ehell he required for financing betterments?
All subordinate propositions embraced in and
pertinent 10 the said main propositions above
stated shall. to the necessary extent be consid-
meeting.
According TO che charter and bylaws of the
Washington Gas Light Company only such stock
fnlders are allowed to vote at meeting Of
the certificates Of stock OF the said company in
their own and proper 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 thus
registered In the books OF the company the
stock transfer hooks Of the company will he
closed at close of business at pm. on Thurs
dav- the 10Th dav OF September. 1910. and will
remain closed until the close Of business at
Pm on Fridav. the 14th day OF October. 1910:
be such st the close Of business said 10Th
dsy OF September 1910. will be entitled to vote
At the special meeting Of the stockholders hereby
called for Friday the 18th day Of October, 1910.
until O'Clock pm.
RespectfnIly.
BOARD or DIRECTORS OF THE WASHING
TON GAS LIGHT COMPANY.
Bv WILLIAM r. ORMB.
Secretary Washington Gas Light Company.