The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1910-09-24
OFFICE OF THE WASHINGTON Gas LIGHF

OFFICE OF THE WASHINGTON GAS LIGHT
COMPANY ISL TENTH ST. NW.
Washington Cry. d. C., sept g. 1919.
To the Stockholders Of Tie Washington Gas LigIt
Company:
Notice is hereby given that = special meeting o;
ths stockholders Of the Washington Gas Light Com
TEHy Is called By the board Of directors 0i that COM
pany FOR and VII be held On FRIDAY. tie four
tenth Cay o. October 1910. a. = O'Clock n, az tl5
principal once Of tie company No as Tenth street
northwest, II the cts Of Washington, D. C.. %
transact such business As may DIG Gerry cone bef0T5
sad meeting. ard especially 10 consider and ap-
prove Or otherwise act upon the following DE1Iosi-
tons:
% Shall the Washington Gss Light Company con
time It's practice hitherto cf declaring regular quar-
ieIly dividends 20 ts stockholders Tym is net earn
ing. 81 the rate o. 10 PER ceutun Ter aunun up5a
i,s authorized capital Of s26B CO.. ancl ca0I-a.i4a-
ton was made many years sE0 anu does not now
adequately represent the fair value 81 the property
Of me company used b. Il Tor tie bfle-t ~ The
public under the provisions o. tie c5UpaEys 81 lr-
ter. and ITS further practice 81 tecang extra ci-
deuds from rs undivided profits. Cr shall o. ~ IN
ture distribute among its stockholders. BE- the I-3-
portions % which they respectively entitled RE
net suUual earnings u The company after cc1uc .
rom Us gus earnings al proper sxlvu-a u adj
mnistTatlcl and Il the conduct 20 its business aud
TIE sums necessary 20 pay interest upon its bonds
and certificates az Indebtedness -1z. Their with an
amount sufficient 70 cover depreciation n dividends
10 an amount appruXimatlrg Ter cgntun uI1a
The lair value a the properly used Is the sad
company for the benefit o. the public j. supplying
gas under its charter assuming That tle said net
earnings shall - sufficient q Justify said dy-1sLiss
% shall the moneys needed annually fCr extern
slons % the compauys mains and other expenses
generally ciassed IS 'bettemeuts' De paid lut -
the earnings Of the company. u shall such moneys
hereafter be raised rs q bond issue or issues
cured by deed Of trust upon all o. the c1mnauT's
property which 70 Is entitled % embrace Do sucl
deed Of trust. said bonds % he sold for not less
than par, and the proceeds thereof 20 be applied
exclusively 10 said betteTmeutsl
lol shall the company refund IFS outstanding bonds
now bearing PEI cengum interest amounting % sp-
TFoNimaiey $4,000 in hound numbers. and also is
outstanding dividend certificates Of Indebtedness hear
ing per centUm interest amounting 90 S1Gp 0Jl
which certificates q Indebtedness are now uafatI. AZ
The option Of the company by E bond issue Sc
cured by deed Of trust upon al Of the property o.. the
company which il Is legally entitled 90 embrace IN
said deed Of trust said bonds % bear interest a.
the rate Of per 5eutum per aunum and 20 be pay
able al such time or times as the s5ii special
meeting q the stockholders hsrsiEhef0Fe called shall
determine upon. the contents q the said bends ami
also Of the said deed Of trust 10 be approved by =
meeting ct the directors Of the company subsequent
20 the said sgocsholders' meeting but In any event
10 contain stipulation waving the statutory Peg
sonal responsibility q each stocEho.dsr Cor the
payment Of the said bonds and expressly stpulatiEs
that holders q the said bonds shall rely Ouly upon
the seCariy embraced in The said deed q JrustT
Further. in the event that the said stockholders
meeting shall determine that future bette-msnts
shah not be paid out Of the earnings. but shall be
financed BY q bond issue shall the issue Of bonds
contemplated IN this proposition be increased. and
II so. 20 what amount for the purpose Of financing
said bet,erments required in the near future!
II u Is not thought eXpedlent 10 refund the said
issue q S260oo00 Of dividend certificates Of indeht
edness IN the manner next hereubetoge provided
shall the said total issue Of dividend certificates q
Indebtedness be paid with Interest 10 the date
Of PAYMENT by the proceeds Of the sale in open
market, for not less than psr Of 8 500 DO of the
said new bonds. OF q So many Of said bonds as
may be required for the Su.P1se?
II it be not thougnr ezpedient 70 sell the SAID
S60o0 face value q the said bonds in open
market. shall 50 many Of the stockholders Of tbs
company al gwen date as shall avail themselves
OF the privilege within a limited time be entitled
to subscribe and pay fox the said bonds az theis
face value said privilege Of subscription and pay
ment 10 be proportional 20 the holdings q the
spectSe stockholders Shall said privilege next
heyeinbefoTe referred 20 apply also 70 SO much q
said new issue issues q bonds shall be required
for financing bettemeutsi
All subordinate propositions embraced IN and PER
uhent 20 the said main propositions above stated
shall. % the necessary extent, lie considered aa1
acted upon by the said stockholders meeting.
According 10 the charter and bylaws ~ the
Washington Gas Light Company 0nly such stockhold-
eFs are allowed 20 vote at 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 lor the period or fourteen QafS Pre-
yious 10 any stockholders meeting In order that
all stockholders may have an opportunity 10 have
their stock thus registered in the books Of the
company. the stock transfer books Of the company
viii be closed az close Of business at p n. on
Thursday the 29th day Of September. 1910 and
viii remain closed until the close Of business at
) p. m, Friday. the 18th day Of October, 1870;
and all holders Of stock aforesaid who shall. ne
such At the close q business on said 29th day q
September, 1910 viii be entitled 10 vote a. tbs
special meeting Of the stockholders hereby called
Tor Friday, the 18th day Of October, 1910.
Tie polls viii be- open from q O'Clock M uHtil
/ O'Clock p. N. Respectfully
BOARD or DIRECTORS OF THE WASHING
TON GAS LIGHT COMPANY.
b WILLIAM r. ORME,
Secretary Washington Gas Light ConpanI'