The Washington herald., 1910-09-23
OFFICE or TIE WASHINGTON Gas LIGHT

OFFICE or TIE WASHINGTON GAS LIGHT
COMPANY. 42E TENTH ST. NV
Washington Cry. d. e., sept 6. 1910
To the Stockholders Of the Warrington Gas Light
Company.
Notice is hereby given that a special meeting os
the stockholders Of the Washington Gas Light Com
'any e called By the board q directors q that
pauy for. and viii be held On. FRIDAY the four
tsenth DAY q October. 1910 Al y ociock n. a. tbs
principal Office Of the company No. 4l3 Tenth street
( northwest IN the City og Washiug-ou D. C.. 10
transact such business as may Pr QeTiy before
said meeting. and especially 70 consider and ap-
prove OF Otherwise act upon the following IroDosi.
tons:
o. SHAH the Washington Gas Light CompaSy con
i!nue It's practice hitherto of declaring regular quar-
tsTly dir.dends % IFS stockholders # III S net earn
ings az The rae Of 10 per centIE Ter suDum upon
Us authorized capital Of s26OoJ5 which caPtaliza-
tiou yas made many years sgo ana does not nov
adequately represent the fair vauo q the property
OF the company used by Il f1- The benefit %. the
public under tie provisions o. the eimpanys Char
Ter. and Us further practice o. decuUE extra 6Ei-
oends from is undivided qro6ts. or shall it iE IN
tuTe distribute among IFS stockholders in the pro
portions 70 which THEY respectively entitled, tbs
net annual earnings % the company after deducfs
from rs gross earnings al proper eXDensss Of at-
ninistTston and Of the conduct Of It's business Aud
the sums Necessary 20 pay interest upon us bonds
and certificates Of Indebtedness. together with an
amount sufficient to cover dsureciatiCn q dividends
70 an amount approximatlug 9 yer ctntum upon
company FOR the benefit Of The public l. supplying
gas under its charter. assuming that tile said net
earnings shall K sufficient n Justify sad dividends
~ Shall the moneys needed luru1Ilf fer extern
sions o. the companys mains and other expenses
generally olassed as "bettements" be paid .ut OF
the earnings o. the company " shall such moneys
hereafter be raised by q bond issue ~ issues Sc
cured by deed Of trust upon all Of the company
property which Il II entitled u embrace u such
deed Of trust said bonds 10 be sold for not less
than par. and the proceeds thereof % be applied
exclusively 70 said bsttemeutsl
80 Shall the company refund its outstanding bonds
now bearing per csEtum interest; amounting 70 APP
proximately $500 IN round numbers and also is
outstanding dividend certificates Of indebtedness bear
ing per eentum interest amounting 90 S-6Do0'
which certificates ~ Indebtedness payable &C
the option o. the company By new bond issue Sc
cured oy deed o. trust upon all o. the property ~ me
company which y is legally entitled 20 embrace ~
said deed Of trust said bonds % bear interest at
the rate Of per ceutum ptr aunum. and % be pay
able az such time or times the sad SPECIAL
meeting Of the stockholders herenbe0re called shall
determine upon. the contents Il the said bonds and
also Of the said deed o. trust 10 be approved by
meeting II the directors Of tie company subsequent
10 the said stockholders meeting hut IN ans event
TO contain stipulation waving The statutory per-
sonsl responsibility Il each stCckl1.dtT Cor tie
payment Of the said bonds and expressly stpulatus
that holders Of the said bonds shall rely only upon
the security embraced In the said deed q trust'
Further. in the event that the said stockh0ldeTs'
meeting shall determine thar future betterments
shah not be paid cut Of the earnings but shall he
financed By q bond issue. shall the issue OF bonds
contemplated in this proposition be increased. and
Il 50 70 what amount. for the purpose q financing
said betteTmeEts required in the rear future!
II II is not thought expedient 10 refund the said
issue Of S26e 900 II dividend certificates Of indsbi
edneSs in the manner next hereinbefore provided.
shan the said total issue Of dividend certificates q
Indebtedness be paid With interest 20 Tie date
Of payment by the proceeds o. the sale IN open
market, for not less than par. q So 90 q tbs
said bonds. Of 50 many Of said bonds
may be required for the GuTp0se?
II IL be not thougny expedent 20 sell the SAID
100000 face value Of the said bonds IN Open
market. shall SO many Of the stockholders Of the
company at given date as shall avail themselves
OF the privilege within a limited tine De tutteA
10 subscribe and pay for the said bonds a. their
face value said privilege Of subscription and pay
ment 70 be proportional 10 the holdings az the
spectiEe stockholders Shall said privilege next
hereinbefoTe referred 10 apply also 10 so much q
said issue issues Of bonds shall be required
for financing bettermentsf
All subordinate propositions embraced in and per
tinent 10 the said main propositions above stated
shall, 20 the necessary extent be considered and
acted upon by the said stockholders meeting.
According 10 the charter and bylaws OF the
Washington Gas Light Company only such stockhold-
es are allowed TO vote at any meeting Of the stock
holders shall have been holders of the certificates
of stock Of the said COMPANY in their own and
proper names for The period Of fourteen days pre-
Tious 10 any stockhOlders' meeting In order that
all stockholders may have an opportunity 70 haTs
their stock thus registered in the books Of tbs
company, the stock transfer books Of the company
will be closed at close Of business az p. u. on
Thursday. the 18th day Of September 1910. and
will remain closed until the close q business at
5 p. n. on Friday. the 18th day Of October 1910;
and all holders Of stock as aforesaid who shah be
such at the close OF business on said 2-h day q
September. 1910, will be entitled to vote 81 ths
special meeting Of the stockhoideu hereby called
FOR Friday. the l4th day OF October 1910.
The polls viii be open from Il o'clock m. until
O'Clock ?. m. Respectfully
BOARD OF DIRECTORS OF THE WASHING
TON GAS LIGHT COMPANY.
Be- WILLIAM 3. ORNE.
secrstary Washington Gas Light Company
selS2t