The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1910-09-13
SPECIAL NOTICES.
OFFICE or THE WASHINGTON GAS LIGHT
COMPANY Nal7 TENTH ST NV

OFFICE or THE WASHINGTON GAS LIGHT
COMPANY. A3E TENTH ST. NV.
Washington City, d. C.. Sept s. 1910.
To the stockholders q the Washington Gas Light
Company.
Notice Is hereby given that a special meeting q
me stockholders Of the Washington Gas Light Com
pany 4 called BY the board Ok directors Of that
pany Tor. and win be held on, FRIDAY. the four
teenth day q October 1910. al y o'clock Al the
principal Office Of the COMPANY No. as Tenth street
northwest. In the City Of Washington. ID. C.. 20
transact such business may properly come before
'ala meeting and especially 70 consider and aD-
prove or Otherwise act upon the following PROPOSE
ll Shall the Washington Gas Light Company con-
tinae is praotioo hitherto q declaring regular quar-
terry dividends TO It's stockholders from its net earn
insS' az me rate Of 10 per centum per annum upon
- eulloIi1eo capital Of $4,000. which capitalize
20 20 N&s made many years ago, and does not now
aaequatey represent the fair value Of the property
o. me company used By T. Tor the benefit Of the
PUZZLE under the provisions Of The coanpany's char
er ana us further practice Of declaring extra di7
dends from its undivided profits; or shal Il 10 hi
ture distribute among It's Stockholders in the p-o-
pruons 70 which they respectively entitled the
net annual earnings o. the company after deducting
from It's gross earnings all proper expenses az ad-
mlnlstraon and Of ;he conduct Of its business ard
the sums Necessary 10 pay interest upoa It's bonds
and certificates OF indebtedness together with an
amount sufficient % corsr depreciation in dividends
20 an amount appro1mating per eentun upon
company for the benefit Of the public in slpplyfng
gas under is charter. assuming that the aid net
earnings shall Be sufficient 10 instify sad diridendsg
~ Shall the moneys needed annually for erten-
sions Of the companys mains and other erpenses
generally CHASED -'bettsrnents'' be paid ont Of
the earnings Of the company o. shall such moneys
hereafter be raised By a bond issue or issues Sc
cured By deed Of trust upon all Of the oompany's
property which i Is entitled 70 embrace in such
deed o. trust said bends to be sold for not less
than par. and the pcocseds thereof 70 Be applied
exclusively 10 said bettementsi
~ Shall the company refund It's outstanding bonds
now bearing Der centum interest amounting 70 ap-
pTormately 500 900 IN round numbers and also Is
outstanding dividend certificates of Indebtedness bear
Ing per eentum interest. amounting 10 $500 0O0
which certificates Of indebtedness are now payable az
the option Of the company b. new bond issue &C.
cured BY deed Of tat upon al Of The property Of the
company which Il is legally entitled 10 embrace IN
said deed q trust said bonds to bear interest az
the rate Of per centum PER annum. and 70 be pay
able a. such time times as the said special
meeting Of the stockholders hereinbefore called shall
determine upon. the contents Of the said bonds and
also Of the said deed q trust TO be approved By
meeting Of the directors Of the company subsequent
% The said stockholders meeting but IN any event
70 c0ntsin stipulation waving the statutory per
sonal responsibility q each stockholder Cor the
payment Of the said bonds and expressly sipulating
that holders Of the said bonds shall rely only upon
the security embraced in the said deed Of trustl
Further. 10 the event that the said stockholders
shall not be paid out % the earnings, but shall De
hnsnced by a bond issue. shall the issue Of bonds
contemplated 10 this proposition be increased. and
II 80. 70 what amount. for the purpose Of financing
said bettermeuts required in the rear futu-eg
II il is not thought eKpedent 70 refund The said
issue Of 1850 300 Of dividend certificates Of ndebt
edneEs In the manner next hereinbefoCe provided,
shall the said total issue Of dividend certificates q
Indebtedness be paid with interest 70 the date
q payment is the proceeds Of the sale In open
n not feEF uo~ n l
said rew bonds OF Of 50 NAM Of said bonds as
may be required Tor the purpose
II Il be not thought expedicrt 70 sell The said
s. 500 900 face value q the said bonds IN open
market shall so many Of the stockholders Of the
company al a gwen date shall avail themselves
q the privilege within limited time be entitled
10 subscribe and pay for the said bonds az Their
FACE value. said privilege Of subscription and pay
ment 20 De proportional 20 the holdings Of the re-
spective stockholders! Shall saiA privilege next
hersinbefore referred 70 apply also % 50 much q
said issue issues Of bonds shall be required
Tor financing bettermentsf
All subordinate propositions embraced 10 and Ter
tinent 70 the said main propositions above stated
shall. % the Necessary extent be considered and
acted upon b. the said stockholders meeting
According 10 the charter and bylaws o he
Washington Gas Light Company. only such stockhold
are allowed 20 vote az any meeting Of the stock
holders shall have been holders Of the certificates
o. stock q the said company IN their own and
proper names for the period q fourteen DAYS pre-
Tiora 70 any stocEhol1ers meeting. In oruer tnai
all stockholders NAV have an opportunity 20 have
their stock thus registered IN the books Of the
company. the stock transfer books q the company
viii be closed az close q business az p m or
Thursdav. the 10Th day u September. 1910 and
viii remain closed until The close u business az
} p m Friday. TIE 18Th DAY ~ October, Dlo;
ard all holders q stock a. Aforesaid who Shall be
such AZ the close q business said 18Th day of
September 1870 viii Be entitled 10 vote AZ the
special meeting o. the stockholders hereby called
for E-fGar the Iarh fav -f DC .rle- 1910
The polls will be opcn from p O'Clock n. until
! o'clock 2 n Respectfully
BOARD OF DIRECTORS OF TIE WASHING
TON GAS LIGHT COlIPANT
By WILLIAM 2. ORME.
secretayy Washington Gas Light Company.