Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-10-07
OFFICE OF THE
WASHINGTON GAS LIGHT COMPANY,

81. Nv
Washington City. D. c.. September 8. 1910
To the Stockholders of the Washington Gas
Notice is hereby given that special meeting
Of the stockholders OF the Washington Gas Light
Company is called nv the board OF directors tors. OF
the 14th day Of October. 1910. at IL O'Clock m
at the principal Office of the company No; Alb
ton. d. c.. to transact such business may
properly come before said meeting, and especially
to consider and approve or otherwise act upon
the following pcOpositions:
IN Shall the Washington Gas Light Company
continue its practice hitherto of declaring resn-
lar quarterly dividends 20 its stockholders from
its net earnings. at the rate of ten per centum
rer annum upon its authorized capital OF
50 900 ooo. which capitalization made many
years ago. and does not now adequately repre-
pany ' used A BY It for the benefit of the public
under the provisions of the company's charter,
dcnds from IFS undivided profits: or. shall 1t in
future distribute among its stockholders. IN the
titled. the net annual earnings Of the company
after deductinc from its gross earnings Al. All
conduct of its business and the sums necessary
to Interest its bonds and certificates
Gent to eeper Win in al to
amount approximating six per centrum upon the
fair value of the property us used by the sa1o
plving gas under its charter. assuming that the
said net earnings shall be sufficient to justify
~ Shall the moneys needed annually for eN-
tensions of the comnany's mains and other ex.
paid out OF the earnings of the company. or
shall such moneys hereafter he raised by
upon all of the company's property which it Is
entitled to embrace il such deed Of trust. said
proceeds thereof 10 be applied exclusively to
said hetterments?
bonds now bearing four per csntnm interest;
amounting to approximately $500 600 ig round
Gates of Indebtedness bearing six per centrum
interest. amounting sc.eoo,Oo0. which certin-
option q Of the COMPANY a BY nav new bond issue
secured nv deed of trust upon all OF the prop.
70 emfaee in said deed t Of trust said bonds to
hear interest at the rate of five per centum per
mes 10 be secs a. Of the
holders hereinbefore called shall determine upon.
the contents of the said bonds and also OF the
said deed OF trust to be approved by meeting
Of the directors of the company subsequent to
TIE said stockholders meeting. but in any event
personal responsibility of each stockhoder for the
payment Of the said bonds. and expressly stipn-
htns that holders Of the said bonds shall rely
deed Of trusts Further in the event that the
futrife hettermer-s shall not be paid out Of
carvings. but shall he financed by a bond Issue.
-'ehaH the issue OF bonds contemplated In this
sropositon he increased. md if so to what
.mount for the purpose Of financing said bet
II 1t is not thought expedient to refund the
eaid Issue of 81 800. 900 Of dividend certificates
provided. shall the said total Issue OF dividend
certificates Of Indebtedness be paid with interes.
10 the date Of payment by the proceeds Of the
sale In open market. for not less than par. Of
g 900 600 OF the said new bonds or OF So many
Of said bonds NAV be required for the purpose ?
II IL he not thought expedient TO sell the said
So 600 geo face value of the said bonds In open
market. shall so many of the STOCKHOLDERS of the
company at a given date shall avail them
Sefves OF the privilege within limited time he
entitled to subscribe and ray for the said bonds
At their face value. said privilege Of subscription
and psyneht to be proportional to the holdings
Of the respective stockholders? Shall said privi-
hnrnf no. -ad tn aIcn n
much Of said new issue or issues CT bonds as
shall be required for financing betterments?
All subordinate propositions embraced in and
pertinent TO the said main propositions above
cred and acted upon by the said stockholders
meeting
According TO the charter and bylaws Of the
Washington Gas Light Company. only such stock
the stockholders shall have been holders OF
the certificates of stock Of the said company IN
their OWL ard proper names for the period OF
fourteen days previous to any stockholders
have opportunity to have their stock thus
registered in the books Of the company the
stock transfer books Of the company Will be
closed AT close of business az pm. Thurs
remain closed until the close Of business at 3
pm. Friday. the 18th day Of October. 1910:
and all holders. of stock as aforesaid who shall
he such at the close of business said 10Th
at the snecial meeting OF the stockholders hereby
called for FRIDAY the 18th day of October. 1910.
The polls win be OMEN from IL O'Clock m.
until o'clock
BOARD OF DIRECTORS OF THE WASHING
TON GAS LIGHT COMPANY.
By WILLIAM r. ORME.
Secretary Washington Gas Light Company.