The Washington times., 1910-10-12
SPECIAL NOTICES
Washington Gas Lighr6OmDany,
G5-1I TENTH STREET n. ".
OFFICE OF THE
washington City, D. c.,
EAnrarVaE b. y T0r0

Septembes a. 1910.
To the Stockholders II the Washington
Gas Light CLmpany:
NoJice Is hereby given that a special
meeting OF the stockholders OF SO
Washington Gas Light COMPANY h
called by the Board OF Directors OF thar
company IoT. and will be held on. Fri
oay, the fourteenth day Of October. 1910 J
az i O'cIock NJ, az the principal Office
o. lHc Tom my, No. 4l8 Tenth Str,-et
northwest. In the city OF Washington.
-. - 70 transact such business as may
properly come before said meeting, and
especially to consider and approve or
oinHI wise act upon the following propo-
ID Shall the Washington Gas Light
CoIEidhy continue its practice hitherto
OF decidi inE regular quarterly DIVIDENDS
u Us stoykholders from it's net earnings,
o. me axe OF ten per CenJum per anuum
upon us aIthoTizcd capital OF 8. s00 900
Wfpch Capitalization was made many
yeaIs ago ana does not row Adequately
represent the fair value Of the property
OF the company used by IL for the beue
~ OF the public under the provisions Of
lne Company's charter. and its farther
practice Of declaring extra dividends
from its undivided profits: or, shall II
II frture distTtbl to amSnC its stock
hclueTs, u the proportions 20 which they
az az Fespe..ENeIy entitled. the net annual
earnings Of the Company after deduct
ing from its gross earnings all Drona-
expenses Of GdminiStra ton and OF III.
, SoI.uuct OF rs business and the sums
necessary 70 pay interest upon Its bonds
ana certificates Of indebtedness. to
gether with an amount sufficient 70
cover oepreciaton IN dividends TO an
amount apprONmatinE six per centurn
upon the fair value Of the pforertv used
BY the said Company fg~ Tho brnaft ~
the noHc II supplying gas under It's
Gharter' assuming that the said net earn
dividends. 9A'I
% Shall the moneys needed annually
ior extensions Of the COnpanv's mains
and other expenses generally claseed as
ott'FtI'e q IS be paid out of the earn
ms d me Company. or shall such
issue or issues secured by deed OF trust
uHgu an OF the COmpdny's property
WHICH Il is entitled TO embrace in such
decd or trust said bonds 20 be sold Cor
not less than par, and the proceeds
bettcrrnpnts2
t0 Shall the company refund its ON
st2EiiUg ponds now bearing four Der cen
tum interest. amounting to APPROXIMATE
IS $4,000 in round numbers and sIso
lis outstanding dividend certificates OF
moe btedncSs barring six DER ceutUr, in
/ teTest, amounting TO S2,6O0.OOO, whfcA
. certificates II Indebtedness are now nav
able at the, option Of the company. by
. a new bond Issue. secured bv deed ~
trust upon all Of the property OF tho
company Nhlch II ls legally entitled 70
/ embrace IN said deco OF trust, said
b0Vis to bear interest az the rata oF f--
per Centum per annum, and 20 De ua -.
bic AZ sucn me or times as the said =
. CA. Hif nS or the stockholders herein
Scf1re called shall deteTvQine uznD - -
cEtents Of the said bonds and also ~
/ he said deed or trust to be approved
/ by meeting OF the directors 81 tba
company subsequent to The said s+ocl--
! holders meeting. but IN anv eye1+ -
/ contain a stipulation waving the sts,'
/ utOEy personal responsibility Of esCn
stOcEhOldeT for the payIneu. Of :be -
Z bonds. and expressly stfpuIarfnC M
holders Of the said bonds shall rev 49,
upon Tue security embraced n tEe sa{5
deed OF trust2 Further, in the eVs1t
/ that the said stockholders mee.inS
shall determine that future oetter1ner,tSs
sG.G not be paid out Of earnings FI,-
/ shall be- financed by n bond Issue sbaii
/ the issue o. bonds contemplated in fbis
proposition be increased, AMI II 81. 10
what amount, for the purpose of fu6Dr
I IL, said bettsrments required in ths
near future
II II IS rot thought expedien+ IN
fund the sail issue OF $3.50. 'NR OF liivi-
den certificates Of indebtedlass in tha
: 9I.suu.. ,.rNi heTeinbefOre provided SHAH
I the said total issue Of div lend certIg-
F oates or Indebtedness be paid win infa-
2 est 10 The date Of payment u rae rro-
/ -lade o. tHe sale ia open market for
. cid new bonds. or Of so many 0f said
/ bonds as may be required fCT me 2lr-
pose. .,....-,.. ,
3 .l-e said s. 6n0,O00 face value Of the sal
I bones in open market. shah 50 -ranv
! Of the stockholders Or the company n
I
I - che privilege within. a limited time
] - entitled to subscribe and pay for the
I ssid bonds at their face value. said
I 1,Ts,ileea of subscription and payment
Z - he DroportiOnal TO the holdings OF che
I ssoeDective Stockholders SHAH said
{ nritrfleRe next hereinbefcre referred to
apply also 20 so mucn q SAD new Issue
7 ~ issues Of bonds a. Shal be required
{ Cor tinanci-E betterments?
I an subordinate propositions en-
r~ercd in and pertinent 20 the said
/ main propositions above stated snail,
4 20 the necessary extent. be considered
/ and acted upon hy ths SAID stock
| holders meeting.
/ ACCORDING TO the charter and bylaws
/ If the Washington Gas Light Com
! osDV only such stockholders are allow
/ holders as shall have been holders OF
/ re certificates OF stock OF the said
! COmpanv in their own and proper
II names for the period OF fourteen days
D~ayiCus 20 any stockholders meeting.
In order that all stockholders may
have 81 opportunity to have their stock
thus registered in the books Of tie
Company, the stock transfer books ..
The Company will be closed at close OF
business at 5 p. m on Thursday. the
both day OF September, 1910, and will
I remain closed until the close Of bust
| ness at . p. n. 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 stock
holders hereby called for Friday. the
The polls viii be open IRON u O'Clock
| N until l o'clock p m.
Respectfully.
WASHINGTON GAS LIGHT COM
PANY
WILLIAM B. oRME. Secretary. Wash.