The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1910-09-19
OFFICE or THE WASHINGTON GAS LIGHT
COMPANY. A2H TENTH ST. NV.

COMPANY. A2H TENTH ST. NV.
Washington City. d. c., Sept. 6. 1910.
10 the Stockholders Of the Washington Gas Light
Company:
Notice is hereby given tina. a spe,iaI meeting Of
the stockholders Of the Washington Gas Light Com
pAny called by the board Of directors OF that
pany iof and viii be held on. FRIDAY the four
tenth day Of October 1910 at q O'clock m AZ the
principal ONCE Of the compaBJ No. as Tenth street
northwest. IN the City Of Washington u. c. 70
transact such business may pa perly come before
SAID meeting. and especially 10 consider and ap-
tons:
% Shall the Washington Gas Lfzbt Comnsxv con.
tnue lts practice hitherto of dseanng regular quar-
terry dividends % its stockholders from lis NET cam
ihss AZ me rate Of 10 ger centum Ter annum upoa
It's authorized capital Of $4,000 which capitalize
ucn vas made many years 40 anu does not nov
adequately represent the fair value Of the Drourty
OF me company used by Il for the benefit OF the
pubic under the provisions Of the e3mpany's char
yer. and us further practice q declaring extra dyi-
dends from its undivided pr0ats: or sasl IL in ~
tue distribute among its stockholders. in The pro-
portions 10 which they respectively entitled ths
net annual earnings o. the company after deducklz
from It's gross earnings all proper exoenses q ad-
minis'rstion and q the conduct Of It's business and
Inc sums necessary % pay interest upon is bonds
and certificates % indebtedness together ysi.h an
amount sufficient 70 depreciation. n dividends
10 an amount appro1imatiag Ter clntum upon
the fair value Of the property used ly the said
company Tor the benent q the public l. supplying
gas under It's charter. assuming that the SAID net
earnings shall Le sufficient 70 justify said dvidendsF
% shall the moneys needed annually for extern
sions Of the company's mains and other expenses
generally classed as "betLeTments" be paid Uut Of
the earnings o. the company o. shall such morsys
hereafter be raised BY q bond issue or issues Sc
cured BY deed Of trust upon all Of TIRE comDany's
property which u Is entitled 70 embrace IN such
deed Of trust. said bonds % be sold for not les4
Than par, and the proceeds thereof 10 be applied
exclusively n SAIL bsttsmentsi
ts Shall the company refund It's outstanding bonds
noT bearing Per centum interest amounting 10 ap-
pro1imEtey $4,000 IN round numbers and also its
outstanding dividend certificates q indebtsiness bear
ing pr centum interest. amounting 20 g 6O00j.
which certificates 81 indebtedness are now uavsble az
the option of the company b. a new bond issue Sc
cured by deed Of Trust upon all q the property Of the
company which IL "a legally entitled 20 embrace ia
said deed Of trust said bonds 10 bear interest q.
he rate Of per centum per annum. and 70 BE pay
able AZ such time times as the said special
meeting q the stockholders herenbeiors called shall
determine upon the contents Of the said bonds and
also q The said deed q trust 10 Be approved By q
meeting o. the directors OF the company subsequent
70 The said stockholders meeting but IN any eFelt
% eontain stipulation WaiTing the statutory per-
s0nal responsibility Of each stockholder for the
payment q the said bonds and expressly stipulaug
that holders Of The said bonds shan rely oaly up01
the security embraced Ia the said deed n trlstG
Further. n the event that the said stGckLcldeHs'
meeting shall determine that future betteraeuts
shah not be paid Out Of the earnings. but shall 10
financed 5y bond issue shall the issue cf bolds
contemplated in this proposition Be increased and
u 20, 10 what an0unt Tor the p1TIose n financing
said betteTmeuts required IN the near futures
II II Is not thought ezpedient 70 refund The said
issue Of g 500 00 q dividend certificates q lndebt-
edness in the manner next hersinbetore provided.
shall the said total issue Of dividend certificates q
indebtedness be paid with interest 20 the date
0f payment b the proceeds Of the sale N open
market. FOR not less than pdI. Of 250 DO Ct the
said nss bonds, OF Of 50 many OF sad bonds -
may be required for the Eurpose'
Il II be not thought eXpedisut 70 sell the said
s. eco 90 face value q the said bonds II open
market. shall 50 many Of the stockholders q tbs
company a. a gwen date IS shall avail Themselves
% the privilege within a limited tine be entitled
70 subscribe and pay for tie said bonds az thsF
face TalHe said privilege Of subscription and PAT
msrt 20 be proportional 20 ths holdings q the
spectiTs stockholders! Shall said privilege ueTt
hsEeirbeGore referred 70 apply also u much q
said new issue o. issues q boEds shall be required
for financing bstteuLeuts?
All subordinate propositions embraced in and qer.
tineut 70 the said main propositions above stated
shall. 10 the Necessary extent be considered and
aetsd upon b. the said stockholders meeting.
According % the charter and bylaws q ths
Washington Gas Light COMPANY ouly such s,ockhold-
ers allowed 70 vote AZ any meeting Of the stock
holders shall have been holders q TIE certificates
Of stock Of the said company il their OWn and
proper names fOF the period Of fourteen days pre-
Tious 70 any stockholders' meeting. In order thar
al stockholders NAV have "a opportunity 20 have
their stock thus registered u the books q the
company. the stock transfer books Of the company
vii! be closed az close o, business a. s 2 n, on
Thursday, the 29rh day n September, 1870. and
viii remain closed until TIE close % business %
) ?. N. on Friday, the lith dzy 81 Oc-0bsr $50:
and all holders q stock as aforesaid who shah b
such az the close q business on said es-h day %
September, 1910. viii be entitled % vote 81 ths
special meeting a the stockholders hereby called
Tor Friday, the 18th DAY Of Octo5r- 1870.
The polls vii be open from = O'Clock II untl
O'Clock 2. n. Respectfully
BOARD OF DIRECTORS OF THE WASHING
TON GAS LIGHT COMPANY.
b. WILLIAM r. ORME.
Secretary Washington Gas Light Company.
sel5ot