Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-09-14
OFFICE OF THE
WASHINGTON GAS LIGHT COMPANY,


Washington City. d. c.. September 6. 1910.
To the Stockholders cf the Washington Gas
Notice is hereby. given that special meeting
Of the stockholders of the Washington Gas Light
Company Is called nv the hoard 81 directors OF
thar company for. and will he held on. Friday,
the 18th day of October. 1870 at /: o'clock m.
10tn- street northwest. in the c,y of Washing
ton D. C.. ia transact snch business may
properly come before said meeting. and especially
TO consider and approvc or otherwise act upon
the following propositions
IL, Shall the Washington Gas Light Compa ny
continue its practice hitherto Of declaring regu-
lar quarterly dividends to Its stockholders from
Iis ne, earnings at the rate Of ten per centun.
-. 600. which capitalization made many
years ago. and does not now adequately repre-
pany used by it for the benefit OF the public
under the provisions of the companys charter,
and its further practice of declaring extra divi-
bends from its undivided profits; shall it in
future distribute among its stockholders. in the
proportions to which they respectively en-
titled. the net annual earnings Of the company
after deducting from its gross earnings all
conduct Of its business and the sums necessary
to pay interest npon its bonds and certificates
Of Indebtedness together with an amount suffi-
Client TO cover depreciation. in dividends TO An
amount approximatfng six per centum upon the
fair value of the property used by the said
plying Eas under its charter. assuming that the
said net earnings shall be sufficient TO justify
~ Shall the moneys needed annually for ex-
tensions or the companFs mains and other ex-
penfes generally CtdSSe0 as 'DPGtermentS De
paid out Of the earnings Of the company, or
shall such moneys hereafter be raised by u
bond Issue or issues secu' ID by deed Of trust It
entitled to embrace in such deed OF trust. said
bonds TO he sold for not less than par. and the
proceeds thereof to be applied exclusively to
said bettermentSf
81 Shall the company refund its outstanding
amounting to approximately 5000 900 in round
numbers and also its outstanding dividend certih-
interest .m%untos IS which bTf
Gates OF Indebtedness are now payable at the
,sa OF h 'G deed m by bond h
erty OF the company which 1t is legally entitled
to embrace in said deed Of trust. said bonds 10
hear interest at the rate of five per centum per
arnum. and TO be PAYABLE at such time or
times as the said special meeting of the stock
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
10 contain stimulation waivin the statutory
payment Of the said bonds. and expressly stipu-
iatinc thar holders OF the said bonds shall rely
only ONLY, upon ths securlty embraced in the said
said stockholders meeting shall determine that
future bctterments shall NOT be paid out Of
shall the issue Of bonds contemplated in this
proposition he increased. and If so to what
amount. for the purpose Of financing said bet
tcrren;s REQUIRED in the near future?
~ il is not thought expedient TO- refund the
Of Indebtedness in the manner next hereinbefore
provided. shall the said total issue of dividend
certificates of Indebtedness be paid with interest
10 rhe date Of payment by the proceeds Of the
sale in open market. for not less than par. OF
s.. fn0. 900 of the said bonds. Or OF many
Of said bonds NAV be required for the purpose?
II ~ he not thought eXpedient TO sell the said
81. 600. 600 face value Of the said bonds In open
market. shall so many of the stockholders of the
company given date shall avail them
selves of the privilege within a limited time he
entitled TO subscribe and pay for the said bonds
AZ their face value said privilege Of subscription
and payment TO be proportional to the holdings
Of the respective stockholders: Shall said privi-
lege next herei8before referred to apply also to
much OF said new issue or issues of bonds as
shall be required for financing betterments:
All subordinate propositions embraced in and
pertinent to the said main propositions above
stated shall. to the necessary extent. be consid-
cred and acted UPON by the said stockholders
meeting.
According TO the charter and bylaws Of the
Washington Gas Light Company. only such stock
holders allowed to vote at any meeting Of
the stockholders shall have been holders Of
rhe 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 opportunity to have their stock thus
stock transfer books Of the company WIN be
closed at close of business at 3 pm. on Thurs.
day. the 10th day Of September. 1910. and will
remain closed until the close Of business at 3
and al holders of stock as aforesaid who shall
he such at the close Of business on said 18th
day Of September. 1910. will be entitled to vote
at the special meeting OF tina stockholders hereby
The polls viii be open from IL O'Clock m.
until O'Clock p.m.
Respectfully.
BOARD OF DIRECTORS OF THE WASHING
By WILLIAM B. ORME.
Secretary Washington Gas Light Company.