Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-09-27
OFFICE OF THE
WASHINGTON GAS LIGHT COMPANY.


413-17 10th st. NV.
Washington City. D. c.. September g. 1910.
Ligh: Company:~
Is Svf the ss as rh
COMPANY is called nv the board of directors OF
tina that s9npsny for and will he held on fIday
at the principal Office Of the company, No. Alb
10th street northwest In the city Of Washing
property come before said meeting. and especially
to consider and approve or otherwise act upon
the following PROPOSITIONS:
II, Shall the WASHINGTON Gas Light Company
continue its practice hitherto of declaring regu-
ifs net earnings. at the rate Of ten per centum
per annum upon its authorized capital OF
years ago: and does not now Adequately repre-
sent the fair value of the property OF the com
under the provisions of the company's charter.
and It's further practice Of declaring extra diyi-
future distribute among its stockhoiders. in the
PROPORTIONS to which they are respectively en-
after deductins from its gross earnings ali
proper EXPENSES of administration and Of the
to pay interest upon its bonds and certificates
OF Indebtedness. together with an amount sum
amount approximatins six 'i per r centum upon the
fair value Of the property used by the said
plying gas uner its charter. assuming that the
said net earnings shall be sufncient to JUSTIFY
e, Shall the moneys needed annually for ex-
tensions Of the commands mains and other ex-
TenScs generally classcd as ''bettermenfs oe
paid ont Of the earnings of the company. or
shall such moneys hereafter be raised by a
bond issue or issues secured by deed OF trust
upon. all of the companys property which 1t is
entitled TO embrace in such deed Of trust said
bonds to be sold for not less than par. and the
proceeds thereof to be applied exclusively to
said betterments?
fsl Shall the company refund its outstanding
to in
numbers and also its outstanding dividend certin-
which
Gates of indebtedness are now payable at the
secured by deed OF trust upon all Of the prop
erfy nf the company which 1t Is legally entitled
hear interest at the rate Of i've per centum per
arnum. and to be PAYABLE at such time or
holders hereinbefore called shall determine upon.
the contents Of the said bonds and also OF the
Of the directors S of the Company subsequent to
the said stockholders meeting. but in any event
of
payment Of the said bonds. and expressly stipu
istns that holders Of the said bonds shall rely
said stockholders meeting shall determine that
earnings. but shall be financed by a bond issue.
shall the issue of bonds contemplated In this
amount for the purpose Of financing said bet.
tcrments REQUIRED in the near future?
eaid issue Of S. 500 900 Of dividend certificates
Of Indebtedness in the manner next hereinbefore
certificates Of Indebtedness be paid with interes.
70 the date of payment by the proceeds Of the
sale in open market. for not less than par. OK
81 600 600 Of the said new bonds. or OF so many
Of said bonds ms may be required for the purpose:
II II he not thought expedient to sell the said
81. 600 900 face value of the said bonds in open
market shall so many of the stockholders OF the
company at a given date as shall avail them
selves Of the privilege within limited time be
entitled TO subscribe and pay for the said bonds
af their face value said privilege Of subscription
and payment to be proportional to the holdings
If the resnective stockholders? Shall said privi-
lege next hereinbefore referred to apply also to
much II said new Issue or issues OF bonds as
shall be required for financing betterments?
All subordinate propositions embraced In ana
pertinent to the said main propositions above
cred and acted upon by the said stock olders'
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 own and proper names for the period OF
fourteen DAYS previous to any stockholders
have opportunity TO have their stock thus
registered in the hooks of the company the
stock transfer books q the company will be
closed at close of business at pm. on Thurs:
remain closed until the close Of business at 3
p.m. on FRIDAY. the 14th day Of October. 1910:
and all holders Of stock as aforesaid who shall
he such at the close OF business on said 18th
ut the special meeting of the stockholders hereby
called for Friday, the 14th day Of October, 1910.
The polls will he open from IL O'Clock m.
Until o'clock pm.
Respectfully.
BOARD OF DIRECTORS OF THE WASHING
TON GAS LIGHT COMPANY.
BY WILLIAM B. ORME.
Secretary Washington Gas Light Company.