Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-09-22
OFFICE OF THE
WASHINGTON GAS LIGHT COMPANY,
413-I7 10Th St NV.

413-17 10th st. NV.
Washington City. d. c.. September q. 1910
To the Stockholders OF the Washington Gas
Ligh. COMPANY:
Notice is hereby given that special meeting
Of the stockholders OF the Washington Gas Light
Company is called BIZ the board of directors OF
the 18th day Of October 1910, at IL O'Clock m.
at the principal Office of the company, No. 413
10th street northwest. in the city of Washing
ton. D. c.. to transact such business as may
properly come before said meeting. and especan n
the following propositions:
IN Shall the Washington Gas Light Company
continue Its practice hitherto of declaring regu-
lar quarterly dividends TO its stockholders from
Its net earnings. at the rate OF ten per cen'un,
Sc GOO GOO which dI" csptaization was made many
years ago and does not now adequately repre-
nsed ia b value OF b ne na Of OF the public
under the provisions of the companys charter
ana us further practiSe OF deciaFing ext. u in
future distribute among Its stockholders. in the
PROPORTIONS TO which they are respectively en-
titled. the net annual earnings of the company
prcper expenses of administration and of the
conduct OF its business and the sums necessary
to pay interest it's bonds and certificates
Of Indebtedness. together with an amount suffi-
amount apprONimating six per centum upon the
fair value. of the property used by the said
plying under its charter. assuming that the
said net earnings shall be sufficient to justify
q, Shall the moneys needed annually for ex-
tensions OF the company's mains and other e X
paid out of the earnings OF the company. or
shall such moneys hereafter be raised by a
upon all of the company's property which it ls
entitled to embrace in such deed OF trust said
proceeds thereof to- be- applied exclusively to
said betterments?
lSl Shall the company refund its outstanding
bonds now bearing four per centum interest;
amounting TO approximately $500 900 in round
numbers and also its outstanding dividend certifi-
Gates of indebtedness bearing six per centum
interest amounting to $1,000 600. which certih-
Gates of Indebtedness are now payable at the
secured by deed Of trust upon all of the prop
erty Of the company which 1T is legally entitled
TO embrace In said deed Of trust said bords to
hear interest at the rate of FIVE per centum per
annum. and to be payable at such time or
holders hereinbefore called shall determine upon.
the contents of the said bonds and also Of the
of the directors of the company subsequent to
the said stockholders meeting. but in any event
personal responsibility of each stakeholder for the
payment of the said bonds. and expressly stipu-
only upon the security embraced in the said
deed OF trust: Further. in the event that the
.aid stoskaoders meeting shall determine that at
earnings. but shall be financed by bond issue,
shall the issue of bonds contemplated in this
for the 1Ss of es said bet
II it Is not thought expedient tn refund the
said issue of So. 100000 of dividend certificates
of Indebtedness in the manner next bereinhefore
certificates of Indebtedness be paid with interest
to the date of payment by the proceeds OF the
sale in open market. for not less than par. OF
81. 900 900 Of the said new ;sonds. or OF so many
Of said bonds as may be required for the purpose?
II 1t he not thought expeden1 to sell the said
81. 900. 900 face value Of the said bonds In open
market. shall so many Of the stockholders OF the
company at given date as shall avail them
selves Of the privilege within a limited time be
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 priv
lege next herenbefore referred to apply also to
much Of said 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. he consid.
cred and acted upon by the said stockholders
meeting
Washington Gas Light Company. only such stock
holders allowed to vote at any meeting OF
the stockholders shall have been holders Of
the certificates OF stock Of the said company in
fourteen days previous to any stockholders
meeting In order that all stockholders may
have opportunity to have their stock thus
registered In the books OF the company the
closed at close OF business at pm, on Thurs
day. the 10Th dav OF September. 1910. and Will
remain closed until the close Of business at 3
i'm. Friday. the 14th day Of October 1910:
le such at the close OF business on said 18th
day of September. 1870 will be entitled TO vote
At the special meeting OF the stockholders hereby
called for Friday. the 14th day OF October. 1910
until ! o'clock
Respectfully.
BOARD OF DIRECTORS OF THE WASHING
TON GAS LIGHT COMPANY
BY WILLIAM B. ORME.
Secretary Washington Gas Light Company.
seIs-slt