The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1910-10-04
OFFICE OF THE WASHINGTON GAS LIGHT
COMPANY AS-I7 TENTH ST Nv.
To the sto,
ConpaEy


Washington City d. C.. sept s. 1870
To the Stockholders Of the Washington Gas Light
| Company:
Notice is hereby given that a special meeting o,
I the stockholders Of the Washington Gas Light Com
psny called BY the board Of directors 0t that c-
pany for and viii be held On. FRIDAY. the foar-
teenth dsy Of October 1916 81 Y O'Clock "a At TIE
principal Office Of the company. No, 43 Teuth street
northwest. IN the City o. Washington. ID. G. %
transact such business may prt perry bsfOrs
said meeting. and especially % consider ard sp-
prove or othsrWlse act upon TIE following pToposi'
/ tons:
% Shall the Washington Gas Light Company
inue Its practice hitherto Of decisnng regular quar-
terry dividends 70 its stockholders its net
ing. IL the rate Of 10 per eentum psE snnum upon
rs authorized capital d S2e0 GO which csptaiza-
/ ton vas made many years ago and does not
adequately represent the fair value Of the property
] Of TIE company used BY il Tor the benefit q the
puple under tie provisions Of The eSmpauy's char
Ter, and us further practice q declaring extra diFi
dends from It's undivided profits o. shall Il IL fu-
ture distribute among Us stockholders IN the pro-
portions 10 which they respectively entitled the
net annual earnings Of the company after deducting
from is gross earnings al proper sKDenses Of ad-
Manifestation and d the conduct Of us business snd
ne sums necessary % - interest upoa il bonas
and certificates os indEzzedness together With an
amount sufficient 10 cover deBFecati0n dividends
10 an amount apprOXmating per centum upon
the fair value Il the property Used by the said
company Tor the benefit q the public Il supplying
gas under IFS charter, assuming thar the said net
earnings shall ts sufficient 10 Justify said dEiden6sT
% shall the moneys needed Ennuall3 for extern
sons of the e0mpaRgs mains ard Other expenses
generally classed .betteTnents" be paid uut q
the earnings q the COMPANY o. shah such moneys
hereafter be raised b bond issue CT issues &C.
cured by deed Of tTVsy upon al Of the eonpsHy's
property which II Is entitled % embrace N such
deed Of trust. said bonds to b sold fer ncs les
/ than par and the proceeds thereof 20 Be applied
exclusively 70 said bsttsmentsf
81 Shall the company refund It's outstanding bonds
a~fz~
Fortunately $50 90 in round numbsFs and also rs
outstanding dividend certificates q Indebtedness bear
ing per eentum interest amounting 10 ss60.e0.
which certificates Of indebtedness are now payable az
/ the option q the company by new bond issue
cured b. deed o trust upon all q the property Of tbs
company which Il IS legally entitled 70 embracs n
said deed q trust said bonds 20 bsar interest 20
the rate OF peT oeGtum DIR snEum. aud 70 be pay
able ST such time times as the sid SPECIAL
meeting 81 the stockholders herelEbef1Ts called shall
determine upon the contents q the said bonds and
also o, the said deed Of trust 10 be approved bY
meeting q the directors o. the company subsequent
10 the said stockholders meeting but ia any event
20 contain q stipulation WETinE the statutory per
Eonal responsibility Of each stoekholder far tbs
payment Of the said bonds and expressly stipulAtirg
that holders q the said bonds SHAH rely Only uIon
the security embraced in the said deed q tTustf
Further, IN the event that the said stockholders
meeting shan determine that futurs bstterments
shah not be paid cut al the earning but shall 30
financed by a bond issue. shall the issue Of bonds
contemplated IN Ills proposition be increased. and
II 50. 20 what amount. for the purpose q financing
/ said bstteTments required IN the near futurel
II it is not thought eIpsdent n refund the said
issue Of s2so 090 Of dividend certificates q indsbt-
edness IN the mauuer next hsrsIubefoye provided.
shall the said total issue q dividend certificates q
I Indebtedness be paid With interest 70 the date
/ q payment by tie proceeds o. the sale II open
market. for not less than par. Of s. 90 ee tbs
said new bonds Of many Ct said bonds as
NAV be reqsired foF the zurpose'
II il be not thought szpe1ient 20 sell the said
L
market. shall so many Of the stockholders Of the
company al gwen date Is shall avail themselves
/ q the privilege within a limited tine be entitled
I 20 subsCibe and pay ~ The sad bonds AZ tEeif
face value. said privilege Of subscription and pay
meut 20 be proportional % The holdings q TIE re-
! speCtiIe stOckhOldeSl Shall sad privilege nsxt
hereinbefoTe referred 70 apply also % 50 much q
said issue or issues Of o5l1s as shan De required
/ for financing betteTments9
All subordinate propositions embraced n and per-
tnent 10 the said main propositions above stated
shall. 10 the necessary extent, be considered and
acted upon BY the said stockholders meeting.
According 10 the charter and by-lass Of ihs
Washington Gas Light Company only such stoekhold-
allowed 10 vote at any meeting Of the stock
holders shall have been holders q the eeTtihcate1
Of stock Of the said company in their own and
proper names for the period o. fourteen days pre-
Tious 70 any stockholders meeting In order that
al stockholders may have opportunity to have
their stock thus registered IN the books o. tho
company. the stock transfer hooks Of the company
I
Thursday. the 18th day q September. 1910. and
viii remain closed until the close Of business az
; p. N on Friday the 18th dsy Of October, 1919:
and al holders Of stock as Aforesaid who shan -
such at the close Of business on said 9Th day q
! September 1910 will be entitled 10 vote a. tbs
special meeting Of the stockholders hereby called
Tor Friday the 18th day Of Octobsr 1910.
The polls viii be oTsn from q O'Clock n. until
I O'Clock p n. Respectfully.
BOARD or DIRECTORS OF THE WASHING
TON GAS LIGHT COMPANY.
b WILLIAM 9. ORME.
Secretary Washington GEs Light Company