The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1910-10-09

OFhlCE OF THE WASHINGTON GAS LIGHT
COMPANY, 49,. TENTH ST. NV.
Washington City D. c.. Sept 8. 1910.
To the Stockholders Of the Washington Gas Light
Company:
Notice Is hereby given that special meeting o,
the stockb0 jsss NJ the Washington Gas Light Com
pany called By the hoard u directors Of that
pany for. and VIII be held On. FRIDAY. the f0uF.
tenth day q October. 1910 at p O'Clock n At tbs
principal Office Of the company. No. 43 Tenth street
northwest in the City Of Washington ID. C. 10
transact such business may pre- perly come before
said meeting. and especially 90 consider and ap-
prove or otherwise act upon the following PROPOSE
tons;
~ Shall the Washington Gas Light Company con
time its practice hitherto a. declaring regular quar-
teIly dividends its stockholders from its net
ings, AZ the rate Of 10 Per ceutum Ter annum upon
lis authorized capital 81 S2fOOO which capitaliA-
ton made mary years 500, and does not nov
adequately represent the fair value Of the prusTty
Of tue company used hy 70 for the beneht u ms
public under the provisions Ct the eJmpany's char
ter. and ills further practice % declaring extra dvi
dends rom It's undivided profits; or sAall II in fu-
ture distribute sh1ng its stockholders in the pro
portions 10 which they respectively entitled tbs
ret annual earnings ef the company after deductns
from its gross earnings all proper exoenss Of ad-
ministratl0n and Of the conduct n its business and
the sums necessary 20 pay interest upOn its bonds
and certihcates Of indebtedness. together with
amount sufficient 10 de1TeCiatiOn. dividends
% an amount appr0ximating Per crntum upon
the far N--ae II the property used bY the said
company for the benefit Of THE public l. supplying
Fas under its charter. assuming that the said net
Earnings shall bs sufficient % Justify said dVidendsI
~ Shall the moneys needed anHualll for exten'
hons OF me cDmpauys mains and other expenses
generally ciassed bettements" be paid cut Of
the earnings Of the company shall such moneys
hereafter be raised 2. o bond Issue or issues
cured by deed o. trust upon all Of the companys
property which il L entitled % embrace In such
deed Of trust. said bonds % be sold for not less
than par, and the proceeds thereof 10 be applied
exclusively 20 said betteTmeutsg
90 shall the company refund its outstanding bonds
now bearing per centum interest amounting 10 APP
proXimateiy 10000 in round numbers. and also its
outstanding dividend certificates Of Indebtedness bear
ing per eentum Interest amounting 10 S26O000.
which certificates Of Indebtedness are payable al
the option Or the company by q rev bond issue Sc
rured by deed o. trust upon al Of the property Of tbs
company which II is legally entitled 70 embrace in
said deed Of trust said bonds % bear interest at
the rate o. per centum rer anuum. aud 10 be pay
able az such time or times the ssid SPECIAL
meeting Of me stockholders hereinbefOTe called shall
determine upon, the contents Of the said bonds aud
also Of The said deed Of Trust 10 be approved by
meeting Of the directors Of the company subsequent
to the said stockhodeTs' meeting. but in any event
to contain stipulation waving the gtatutOrg per
sOnal responsibility Of each stakeholder FOR the
payment Of the said bonds and expressly stipulatng
that holders Of the said bonds shall rely only upon
the security embraced in the said deed q trustf
Furth5s. In the event thst the said stockholders
mssting shall determine that future bettements
shall not be paid cut Of the earnings but shall be
financed by a bond issue. shall the issue Of bonds
contemplated Ia ills proposition be increased, aud
if so. to what amount. for the purpose Of financing
baid betternents required in the rear futurei
II Il is not thought expedieut 70 refund he said
issue Of $3.50 90 CT dividend certificates Of indebt.
tdness in the manner next hereinbefOre provided.
shall the said total issue Of dividend certificates Of
indebtedness be paid with interest 10 the date
az payment by ths proceeds Of ths sale in open
market. FOR not less than par Of s. COO 900 CT thr
said new bonds or OF so many Of said bonds
may be required for the Rupose?
II II be not thought expedient 70 sell the ssid
s. GO co face value Of the said bonds in open
market. shall 50 many Of the stockholders OF tbs
company o. a gwen date shall avail themselves
Of the privilege within limited time be entitled
20 subscribe and pay for the said bonds a. their
face value. said privilege OF subscription and pay
meat 10 be proportional 70 The holdings Of the re-
sTectiTe stoekhoders. Shall said privilege next
hereinbefore referred 70 apply also 20 50 much Of
said issue issues Il bonds as shall be required
for financing betteuneutsi
All subordinate propositions embraced in and pei.
tinent 70 the said main propositions above stated
shall. % the necessary extent. b considered and
acted upon By the said stockhoders' meeting.
According 20 the charter and bylaws Of the
Washington Gas Light Company only such stockhold-
ers allowed 90 vote 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-
vious 20 any stockholders meeting In order that
ali stockholders may have an opportunity to have
their stock thus registered In the books o. the
company, the stock transfer books OF The company
viii be closed at close Of business Et =. N. on
Thursday. the 18th day Of September 1910 and
will remain closed until the close o; business al
2 N. on Friday the llth day Of October. 1910:
aud all holders Of stock aforesaid who shall be
such at the close Of business on said 9th day Of
September, 1910. viii be entitled to vote al the
special meeting Of the stockholders hereby called
for Friday the l4,h dag Of Octobe-, 1910
The polls viii be open from u O'Clock N. until
| o'clock p. m. Respectfully
BOARD OF DIRECTORS OF THE WASHING
TON GAS LIGHT COMPANY
b. WILLIAM g. ORME.
Secretary Washington Gas Light Company.
se1ss2t