The Washington herald., 1910-10-01

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To the Stockholders u the Washington Gas Light
Company;
Notice Is hereby given that special meeting o.
the stockholders q the Washington Gas Light Com
psny called by TIE board Of directors OF that
Tany for and viii be held 90. FRIDAY the fo1r-
tenth day q October 1910 a. 2 O'Clock n. a. tbs
principal onoe q the COMPANY. 40 z3 Tenth street
northwest. IN the City Of Washington y. c. 70
transact such business as may PFC gery come before
said meeting and especially % consider and ap-
prove otherwise act upon The tOil5wing PROPOSE
tons:
o. shan the Washington Gas Light Company con
time us practice hitherto q declaring regular guar.
teTly dividends 20 its stockholders r m its net earn
tngf. at the rsts Of 10 per oentuD eT aHnum upoa
is authorized capital Of 10000. alcl capallza-
ton made many years ago, ana does net row
adequately represent the fair value 81 The property
Of the company used ~ II fOr the benefit Of the
public under the provisions q tie eJmpany's char
ter and Us further practice q declaring extra dS!
bends from its undivided profits or shall 10 IN fu-
tue distribute bmcug rs stockholders. in the FRO
portions 70 which they respectively entitled the
bet annual earnings q the company after defucJiny
from Us gDss earnings al proper exosnsas q ad-
ministyatica and Of the conduct u rs business aud
the Sums necessary 20 pay Interest upon its bonds
and certificates Of Indebtedness. together with az
amount sufficient 20 cover depreciation. n dividends
to 80 amount splTo1imaiing yer eyntum upon
the fair value q tie properly used - the SAID
company for the benefit n the public J. supplying
gas under its charter assuming that te said net
earnings slh4i Il a4LcfnF 70 JUSTIFY at44 alf-4eHls-
% Shall the moneys needed ANNALS fer extern
sions o. che cGmpauy's mains AMI other eypen5es
generally el4ssed 5efteTments he paid yut %
the earniug5 Of the company. OF shall such moneys
hereafter be raised h . bend issue OF issues Sc
cured tv deed q rrVs- upon al o. the co-npanJ's
property which il Is entitled % emb-ace 70 suca
deed q trust. said bonds % be sold for not less
than par and the proceeds thereof 10 be applied
exclusively % said bettemeutsl
~ Shall the company refund rs outstanding h0ads
row bearing PEI eentum interest. amounting % sp-
Fortunately $50 900 IN round NUMBER and also IL
outstanding dividend certificates # Indebtedness bear
Ing per centum interest, amounting 20 s-6Do3.
which certificates q iudeatecness are LcE PAYABLE az
Tie option Of tie company by & rev bond issue Sc
cured by deed Of trust upon al Of TIE property q the
company which II Is legally entitled 10 embrace -
said deed q trust said bonds % bear interest 90
the rate q per centum per snuun. aud 70 De pay
able 81 such time o. times the said special
meeting of the stockholders hereinhef-re called slsl
determine upon. The contents q tie said bonds and
also Of The said deed q trust % be approved by
meeting n the directors ot tie company subsequent
70 the said stockholders meeting but IN any s7sur
10 contain stipulation waving tle statutory per-
s5nal responsibility q each srockhs.dsr for the
payment OF the Esd bonds and expressly stpl-aJlns
that holders q The said bonds shall rely only upon
the security embraced .u Tie said deed z trlst2
Further, in the event tast tie said stockholders
mset.1g shall determine that future 55t-elmenJs
shan not be paid out q Tie earnings. bur shan Pc
I financed by q bond issue. shall Tie Issue n lQLCs
contemplated 10 tbs proposition De increased. sHd
il a. 70 what amount. for TIE purpose n financing
said bettsrmeuts required IN The near future.
II il is not thought eTpedisnt 10 refund The said
issue o. 3 sc 900 q dividend certificates q indebt-
edneSS IN the manner next heTCInbeio-e provided.
shall the said total issue q dividend certificates o.
Indebtedness be paid with interest e ths date
q payment by the proceeds q he sale IN open
market. for not less than par Of Szt.o % q the
said new bonds OF q 50 TaHy Of said bends as
may be required FOR the Eurposei
II q be not thought eITeGient 70 sci the sad
( s. go 600 face value q the SID bonds "a open
market. shall 50 many q the stockholders Of the
company a. & gwen date as shah avail themselves
cf the privilege within a limited time b entitled
/ 70 subscribe and pay fo= The said bonds ~ their
face value said privilege q subscription ard pay
msnt 20 be proportional 70 the hod.ngs Of ne re-
| spectye stockholderI Shall sad privilege next
hsFeinbefore referred 70 apply also % so much o.
said issue issues Of bolds as shall Be required
for financing betteTments4
All subordinate propositions embraced In and FER
tnept 70 tie said main propositions above stated
shall. 70 the necessary extent be considered dni
acted upon by the said stockholders meeting.
According 20 the chatter and bylaws n ths
Washington Gas Light Company. only such sioekhold
allowed 90 vote at ans meeting Of the stock
holders shall have been holders Of the certificates
Of stock O: the said company IN their own and
proper names for the period q fourteen days pre-
vious 20 any stockholders meeting II order that
all stockholders may have an opportunity TO have
their stock thus registered in the books Of the
company, the stock transfer books q the company
will be closed al close q business a. =. n. on
Thursday. tie 10Th day Of September, 1910, and
viii remain closed until the close Of business ct
3 D. m. on Friday. the l4th day Of October 1910;
and al holders Of stock as aforesaid who shah b
such at the close Of business on sad 18Th day o;
September. i9l0 viii be entitled 70 vote a.. tbs
special meeting a the stockholders hereby called
for Friday. the 18th day Of October, 1910.
The polls viii be open from q O'Clock until
I o'clock p. n. Respectfully
BOARD OF DIRECTORS OF THE WASHING
TON GAS LIGHT COMPANY
BE- WILLIAM 3. ORME.
Secretary Washington Gas Light Company.
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