The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1910-09-25
OFFICE OF rHE wAsHINaToN y, Gas As. LIGHT

COMPANY A2l7 TENTH ST. NV.
Washington City. D. c.. Sept, s. 1910
To the stockholders Of the Washington Gas Light
Notice IS hereby given that special meeting OF
The stockholders Of the Washington Gas Light Com
pany called by the board Of directors OF that COM
pany foF and viii be held on. FRIDAY the four
teenth day Of October 1910 at z oclock m. At tke
principal Office Of the company. No si5 Tenth street
northwest in the City Of Washington, d. G., 10
transact such business as may npery come before
said meeting. and espeeislly 70 consider and ap-
prove Otherwise act upon the following PROPOSE
tans:
~ Shall the Washington Gas Light Company con
time its practice hitherto Of declaring regular quar-
terY dividends TO its stockholders Ijm It's net earn
ing, 40 the rate OF 10 per centum Ter annum upon
It's authorized capital Of S26ooo0 which eapaliza-
ton made many years ago. anu does not now
adequately represent the fair value Of the property
Of the company used by il for the benefit Of the
public under the provisions o. the eOmpanys char-
ter and its further practice Of deelaing extra diVi-
dendS from its undivided profits: or shall II IN III.
tuTe distribute among its stockholders. in the pro
portions 70 which they respectively entitled the
net annual earnings Of the company after dedue sng
from its gruA earnings all proper exosnses Of ad-
minstTati0n and Of the conduct Of It's business and
the sums necessary 10 pay interest upon It's bonds
aud certificates Of indebtedness. together with an
amount sufficient 70 depreciation, n dividends
10 an amount appro1imating per cyntgm upon
the fair value 0f the property used hv the said
company for the benefit 81 the public i supplying
gas under IFS charter assuming that The said net
BsTnings shall e sufficient justify said dyidendss
o. shall the moneys needed annuah5 for extern
sions a the cOmpanys mains and other expenses
generally clsssed as "betteImeuts' be paid Uut OF
the earnings Of the company. Ut shall such moneys
hereafter be raised by a bond issue or issues Sc
cured by deed Of trust upon all Of the company >
property which II Is entitled 10 embrace IL such
deed Of trust said bonds 70 be sold for not less
than par and the proceeds thereof 70 be applied
exclusively 10 said hetteTmentsl
90 shah the company refund its outstanding bonds
now bearing per eentm interest, amounting % ap-
nfoymately Sa00l0 in round numbers, and also its
outstanding dividend certificates Of Indebtedness bear
ing per eentum interest. amounting 20 26O,ooo
which certificates Of indebtedness payable al
the option Of the company BY a new bond issue ST.
cured by deed OF Trust upon al Of the property OF the
company which Il is legally entitled 10 embrace in
said deed Of trust said bonds 10 bear interest at
the rate Of per centum per annur. and 10 be pay
able az such tine or times as the said special
meeting Of The stockholders heTeinbef0fe called shall
determine upOn the contents Of the said bonds and
also Of the said deed Of trust 10 be approved by
meeting Of the directors Of the company subsequent
10 The said stockholders meeting. but in any event
70 contain a stipulation waving the statutory per
sOnal responsibility Il each stakeholder for the
payment Of the said bonds and expressly stipuating
that holders Of the said bonds shah uely only upon
the security embraced in the said deed Of tTustt
Further IN the event that the said stockholders
meeting shall determine that future hettements
shan not he paid out Of the earnings. but shall be
NAAlctl Df LOIQ issue sllll the lA2uf OF uDAQn
contemplated In THIS proposition be Increased, and
II 50. 20 what amount. for the purpose of financing
said betteTments required In the futurei
II il is not thought eKpedient u refund the said
issue Of 260O30 Of dividend certificates Of indebt-
cdness IN the manner next herelubetOre provided,
shall the said total issue Of dividend certificates Of
Indebtedness be paid With interest 10 the date
Of payment by the proceeds Of the sale in open
market, for not less than par, u 90 Of the
said new bonds or Of So many Of said bonds as
may he reouirad for fba .IuDesae
II IL be not thought expedent 10 sell the said
ECO COO face value Of the said bonds IN open
market. shall so many Of the stockholders o. the
company al given date shall avail themselves
Of he privilege within a limited time be entitled
70 subscribe and pay for the said bonds at their
face value. said privilege Of subscription and pay
ment 70 be proportional 10 the holdings q tue re-
spectiye stOckh0ldeTsg Shall said privilege next
heFcinbefore referred 20 apply also 60 so much OF
said new issue issues Of bonds shah be required
Tor financing beItementsl
All subordinate propositions embraced in and per
tnent 20 tho said main propositions above stated
sh, u. 20 the necessary extent be considered and
acted upon by the said stockholders meeting
According 20 the charter and bylaws Of the
Washington Gas Light Company only such sioekhold-
ers are allowed 10 vote at any meeting OF the -
holders shall have been holders Of the certificates
OF stock Of the said company in their own and
proper names for the period u fourteen days pre-
Vious 10 any stockholders meeting In order that
all Stockholders may have an opportunity to have
then stock thus registered in the books Of the
company, the stock transfer books Of the company
viii be closed al close Of business at y m. on
Thursday. the 9Th day q September 1910 and
win remain closed until the close Of business at
p m. on Friday. the 18th day Of October, 1910;
and all holders Of stock as aforesaid who shall be
such at the close Of business On said 18th day Of
September 1910 viii be entitled to vote at the
special meeting of the stockholders hereby called
Cor Friday the 18th day OF October. 1919.
The polls will be open from q O'Clock m until
| o'clock p m. Respectfully
BOARD OF DIRECTORS OF THE WASHING
TON GAS LIGHT COMPANY
b. WILLIAM 3. ORME,
Secretary Washington Gas Light Company.
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