The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1910-10-06
SPECIAL NOTICES
OFFICE OF THE
Washinrtnn City D. C.
Washington Gas Light Company,
l15I7 TENTH STREET n. w.


Septembec a 1910
To the Stockholders 81 the Washington
Gas light Company:
notice Is hereby given that a special
meeting OF the stockholders Of the
washington Gas Light Company IL
called by the Board Of Directors OF that
company Tor. and will be held on. Fri
day. the fourteenth day OF October lpla
at y O'Clock NJ. at the principal Office
o. the Company. No. 4l3 Tenth Street
lorIhWest, In the City OF Washington.
~. .. 10 transact such business as may
properly come before said meeting. and
especially to consider and approve or
eitions.
, a. Shall the Washington Gas Light
company continue its practice hitherto
OF declaring regular quarterly dividends
70 It's stockholders from It's net earnings.
az the rate OF ten per csnturn per annurr
eRyn us authorized capital OF $50 900.
Which capitalization Was made many
years ego. and dOee not now adequately
represent the fair value Of the property
81 NE company used BY 70 FOR the bene
~ OF ne pubic under the provisions Of
We Conpe ny's charter. and its further
pfdctlce OF declaring extra dividends
rom It's undivided profits; or, shall n
n future distribute among It's stock
are respectively entitled. the net annual
earnings Of the Company after deduCt-
ING rom us gross earnings all proper
e1PSnses OF ADMINISTRATION and OF the
conduct OF Its business and the sums
necessary 70 pay interest upon its bend !
ana certificates % indebtedness TO
getner with an amount sufficient 10
cover depreciation IN dfy-idprds - an
amount experimenting six per cen,,5r1
upon the fair value OF the proDe-fy, lSsed
oy the said Company for the beneaf ~
ne Igohc IN supplying gas under its
Shatter' assuming that the said net earn
ings seal Be sufficient 70 Justify aaId
O. Shall the moneys needed annually
NNr= 49,
I seI e ~ nslons OF the Company's mains
a.sd other expenses generally cIasseS as
ottterIn ents be paid out OF the earn
ings OF the COMPANY, or sbaU sub
moneys hereafter be raised BY q bond
upon all OF the Companv's prone-fy
which Il IS entitled 70 embrace in S,lch
decd OF trust, said bonds TO be sold cor
not less than par, and the proceed !
thereof 10 be applied exclusively 70 sid
betterments?
CD Shall the company refund it's or,-
Sta Edine bonds now bearing four per cen.
tum Interest. amounting 10 approTi-nsts-
" 900 in round numbers sn5 49,
It's outstanding dividend certificates 81
Indebtedness bearing six per centlr1 IN
terest, amounting TO $4,000, which
certificates Of Indebtedness are rov, - -
able at the option OF TIE COMPANY ~
a new bond issIe. secured by deed ~
trust upon all or the properrv ~ .ha
company wren Il Is legally entitled 10
embrace In said deed 81 tr1,Sf ssfS
bonds 70 bear interest at the rate % 60
per centum per aHnum, and 10 Be pavs-
bic at such tine OF times as the ss{d -
ca. nae { rs OF the stockholders herein
Before called shall determine uSon 49,
contents % the said bonds and also ~
ne SAID deed OF trust to be auprovsd
by a meeting OF the directors 81 ~
company subsequent 10 the said stock
holoerS' meeting, but Ia any event -
contain stipulation waving tba stat
CtOry personal responsibility oS .oos
stockholder Tor Inc payment OF the sid
bones, and expressly STIMULATING that
holders OF the said bonds shall rely o1,I--
upon the security embraced n lie said
deed OF trust! Further, in the event
that. the SAID stockholders rnee.inS
shall determine that future oettermentr
shah not be paid out OF earnings L,.t
shall be financed by a bond issue shall
the issue OF bonds contemDIarai N 80.
proposition be increased, AMI II 90 -
what amount. Tor the purpose OF hnanc-
ing SAIL betterments required IN ma
near future2
ii Il IS not thought expedlen+ 20 -.
fund the sail issue Of $3.50, % OF 5I,,i-
den certificates Of Indebted ess II, ara
manner next hereinbefore provided sl1sii
the said total issue OF dividend csrtia
cafes o. Indebtedness be paid with fnfa--
est 10 the date OF payment ~ toe mo
not less than par, OF S2o110g of ne
said new bonds. or or so many Of sai5
bonds as may be required fer the pur-
pose! -.
If IL be not LlOuBlL eXpeG1cuL to sell
the said S2.6oO.O00 face value OF the said
bonds In open market. shall SO many
~ The stockholders OF the company AZ
q Given date as shall avail themselves
Of the privilege WIRE cIibs saa 'l11ited time
aid bouds at their face value, said
privilege of subscription and paymen;
II he proportional TO the holdings OF the
nTiyilege next hereinbefcre referred 10
amply also to so mucn Of said new issue
- ISSUES Of bonds as shall be required
Cor 6nanciI.g betterments?
All subordinate propositions en-
b-aced in and pertinent 70 the said
main propositions above stated snail.
20 the necessary extent, be considered
and acted upon by the said stock
holders meeting
According TO the charter and bylaws
Of the Washington Gas Light Com
Many only such stockholders are allow
- TO vote at any meeting or the stock
holders as shall have been holders Of
the certificates OF stock Of the said
names for the period of fourteen DAYS
nrevious to any stockholders meeting
In order that all stockholders may
have an opportunity TO have their stock
Company, the stock transfer books OF
the Company will be closed at close of
business at p. m. on Thursday, the
10Th day OF September, 1910, and will
ness at 3 D. y. 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
I4th day OF October, 1910
The polls will be open IRON u O'Clock
10. until 1 O'Clock p m
Respectfully.
BOARD OF DIRECTORS OF THE
WASHINGTON GAS LIGHT COM
IANY.
Ry