The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1910-10-05
washington City. D. c.,

Washington City. D. c.,
SeptembeS AZ 1910.
10 the Stockholders Of the Washington
Gas Light Company:
Notice Is hereby given that a special
meeting or the stockholders of the
WASHINGTON Gas Light Company Is
called by the Board Of Directors Of thar
company for, and will be held on, FRI
DAY, the fourteenth day Of October, 1910
az O'Clock NJ, at the principal office
northwest. in the City OF Wilmington
u =. 10 transact such business as may
properly come before said meeting. and
esPeclaIIy 10 consider and approve or
sitiOns:
- % Shall the Washington Gas Light
company continue it's practice hitherto
OF uecIarlng regular quarterly DIVIDENDS
TO It's stockholders from itg net earnInrs
az the rate OF ten per centum Der annIIrn
upon us authorized capital OF s.. go. 600
, H.s,.I C ga "a was made many
800 ago ana does not now adequately
represent the fair value of the property
o. we company used BY Il for the bene
~. ~ OF the PUBIC under the provisions OF
we COnpanys charter. and it's further
practice OF declaring extra dividends
from Its undivided profits: or shan N
IN Iuture distribute among It's stock
hotders' IN the prOpOrtisns 70 which they
are respectively entitled the net annual
earnings OF the Company after deduct
ing rom IT'S gross earnings all proper
conduct OF It's business and the s7,ro.
necessary 70 pay interest upon its bonds
ana ceruaeates OF Indebtedness, to-
gether with an amount sufficient 70
cover depreciation In dividends TO an
amount approNmating six per centIirn
upon the fair value OF the property used
by by the , said Company. FOR he benest u
the rubhc in supplying gas under its
charter. assuming that the said NET corr.
lhngs snaI. be sufficient to Justify said
(2} Shall the MONEYS needed snnr,,,v
Tor extensions OF the Company-'s mains
sIc other expenses generally cIassed as
,I DE- rents be paid out OF the earn
moneys hereafter be raised by a bond
issue or issues secured by deed OF trust
upon an OF the Company's property
which II is entitled 70 embrace IN s,,cb
decd OF trust. said bonds to be sold Cor
not less than par, and the proceeds
tshereot to BE- applied exclusively to said
CD Shall the company refuno ,ts o,,,-
staEdlng bonds now bearing four per CEN
tuTn lnterest, amounting to APPROXIMATE
~ $oUo,UVO IN round numbers, and also
ITS outstanding dividend certificates If
indebtedness bearing six per centurn in
Ierest, amounting TO S26OO.OO0- which
certificates Of Indebtedness are now nav
able at the option Of the companyi bv
a new bond issue, secured bv dosd - ~
| trust upon all OF the property of tbe
company which II IS legally entitled ~
embrace IN sald deco OF trust, said
bonds TO bear interest at the rate Of e.
per centum per annum. and to be nava1
BILE at such tine or times as the sStff 20 q
GA meeting or the stockholders herein
contents Of the said bonds and sISo 80
the SAID deed OF trust to be auprovsd
by a meeting Of the directors Of tSs
company subsequent TO the safd e..SI
holders meeting, but In anv S,-oSS n
contain a stipulation waving The So
utory personal responsibility Of aoHS
stockholder Tor the payment Of the srJd
bonds. and expressly stipuIafin1 49,
holders OF the said bonds shall ref, o-TS
upon the security embraced IN re sai55
deed OF trust? Further. in the event
that the said stockh oiders' nneetfT1ss
shall determine that future net+e-Te S.t.s
shall not be paid out OF earnIn.lS 80 -
shall be financed by a bond i1sT1e Sbo IN
the issue OF bonds contemplated in mis-
proposition be increased, AMI IL so ~
what amount, for the purpose of an9nc'
Ing said betterments required in the
near future? N
II II Is not thought expedIent 70 -
fund the sail issue OF $3.50. JO0 OF ,5J,,J
den certificates Of indebtedness in tha
manner next hereinbefCre provided sha N
the said total issue of dividend ceTtI5-
Gates OF Indebtedness be paid with infar-
est TO the date Of payment ~ the DI,3-
ceeds of the sale in open market. Tor
not less than par of S2,DJj.JlO of Tha
said new bonds. or OF so many Of said
bonds as may be required for the pur-
II it be not thought .expediert TO sell
the said s., 600 face value OF the said
{
of the stockholders OF the company az
a given date as shall avail themselves
OF the privilege within a limited time
be entitled to subscribe and pay for the
said bonds at their face Vafse, said
DriTileCe of subscription and payment
TO be proportional to the holdings Of che
respective stockholders? Shall Said
privilege next hereinoefore referred to
anply also to so mucn Of said new issue
or issues OF bonds as shall be required
for dnanciLg betterments?
Ar subordinate propositions en-
braced in and pertinent to the said
lain PROPOSITIONS above stated snail,
10 the necessary extent, be considered
and acted upon by the said stock
| holders meeting.
Vkccording to the charter and bylaws
NJ the Washington Gas Light Com
nanv only such stockholders are allow
| 81 10 vote at any meeting or the stock
| holders as shall have been holders OF
I tbe certificates of stock Of the said
/ names for the period Of fourteen days
I DreViOuS to any stockholders meeting.
/ In order that all stockholders may
/ hove an opportunity to have their stock
| Company, the stock transfer books OF
/ the Company will be closed at close of
/ business at D. m. on Thursday. the
/ 10Th day Of September, 1910, and will
J remain closed until the close of bust
! ness at 3 p m on Friday. the 14th day
/ of october, 1910; and all holders of stock
as aforesaid who shall be such at the
/ close OF business on said 10Th day Of
/ September, 1910. will be entitled to vote
/ at the special meeting Of the stock
holders hereby called for Friday, the
/ 18th day OF October. 1910.
! The polls will be open from u o'clock
/ 10. until ! O'Clock p. m
Respectfully.
WASHINGTON GAS LIGHT COM.
I'ANY.