The Washington herald., 1910-09-14
OFFICE OF THE WASHINGTON GAS LIGHI
COMPANY. A3-l1 TENTH 81. NV.

OFFICE OF THE WASHINGTON GAS LIGHT
COMPANY. 1917 TENTH ST. NV.
Washington City. D. C.. Sept s. 1910
To the stockholders Of the Washington Gas Light
Il Company:
Notice Is hereby given that a special meeting q
the stockholders Of the Washington Gas Light Com
pany Is called By the board Of directors Of that
pany Tor. and will Be held on, FRIDAY. the four
teenth day q October. 1910 al y o'clock n, a. the
principal Office Of the company. No. 4l3 Tenth street
northwest. IN the City Of Washington, d. C.. 70
transact such business may properly come before
said meeting. and especially % consider and ap
prove OF otherwise act upon the following propos-
tons:
% Shall the Washington Gas Light Company con
tinue It's practice hitherto Of declaring regular guar
tery dividends 70 It's stockholders from It's net
ing. az tho rate Of 10 per oentum per annum upon
It's authorized capital 81 SZ600O00 which capitalize
ton was made many years ago. and does not now
adequately represent the fair value Of the property
OF me company used by Il for the benefit Of the
public under the provisions Of the cOmpauy's char
ter and It's further practice Of declaring extra diTi-
dends from It's undivided proisi or shall II IN fu-
tufe distribute among its stockholders. In the pro
portions to which they respectively entitled the
net annual earnings Of the company after deduceng
from its gross earnings all proper expenses o. ad-
ministraton and Of the conduct Of lis business aud
the sums necessary 20 pay interest upon is bonds
and certificates % Indebtedness together with an
amount sufficient 10 cover depreciation ia dividends
% an amount appTOImating s Der centum upon
the fair value o. the properly usGi By the said
company Tor the bene1t Of the public IA supplying
gas under its charter assuming that the said net
earnings shall be sufficient % justify sad diyidendsg
% shall the moneys needed annually for extern
Eions Of the company's mains and other expenses
generally classed as ''bettcments" Be paid out Of
the earnings Of the company shall such moneys
hereafter be raised by bond issue issues Sc
cured By deed Of trust upon all q the company
property which il Is entitled 70 embrace in such
deed Of trust said bonds 70 be scld for not less
fhnw nd liz. "a - I'd
exclusively TO said betteunents7
~ Shall the company refund It's outstanding bonds
nov bearing Der centum interest amounting 70 aD-
proximately $500 600 IN round numbers and also its
outstanding dividend certificates Of indebtedness bear
ing per centm interest. amounting 10 S26DOo.
which certificates Of indebtedness payable at
the option Of the company By a new bond issue Sc
cured by deed Of trust upon all Of the property q ths
company which Il Is legally entitled 20 embrace In
said deed Of trust said bonds 70 bear interest az
the rate Of per centum per annum. aud 20 Be pay
able az such time times TIE said special
meeting Of the stockholders hereinbefore called shall
determine upon. the contents q the said bonds and
also q TIE said deed q trust 20 be approved b
meeting Of the directors Of the company subsequent
70 the said stockholders meeting 5ut IN any event
70 contain a stipulation waTing the statutory per
sonal responsibility Of each stakeholder Tor the
payment d the said bonds and expressly Etlpulatng
that holders Of the sad bonds shall rely only upon
the security embraced in the said deed q tr1stl
Further. IN the event that the said stockholders
Meeting shall determine that future betternents
shah rot be paid out Of the earnings, but shall Be
financed By 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 bcttermsuts required IN the near future
II Il is not thought ez7edient % refund he said
issue q s. 900 Of dividend certificates o. indeo-
edness II ~ rnann~r next hereinbefore provided
shall the ssid 5,ai lie Of dividend certincstes o.
Indebtedness be paid With interest 70 ne date
Of payment by the proceeds Of the sale IN Open
market. for not less than par. Of sZ.6NR0 q ne
said new bonds or Of 30 many Of said bonds as
may be required for the purposei
II s. De not thought expediert 20 eel TIE SAID
s. go 900 face value % the said bou-s In open
market. shall 50 many Of the stockholders o. ne
company az a given date as shall avail themselves
Of the privilege within 4 limited time be entitled
20 subscribe and pay Tor the said bonds az their
face value said privilege Of subscription and pay
ment 20 Be proportional 70 the holdings q the To-
[ spectiTe stockhCldersf shall SAD privilege ne11
hereinbefore referred 20 apply also 70 50 much q
said new issue or issues q bonds as shall be required
I for financing betteneuts!
/ All subordinate propositions embraced in and Ter
tineut 10 the said main propositions above stated
I shall % the necessary extent. Be considered and
( acted upon BY the said stockholders meeting.
/ According 20 the charter and bylaws - tie
Washington Gas Light Company. only such stoczhold-
ers are allowed 70 vote a. any meeting q The syock-
holders as shall have been holders q the certificates
I q stock o. the said company IN their own and
proper names for the period o. fourteen DAYS pre-
Tious 20 any stockholders meeting. IN order that
| ali stockholders may have az opportunity 70 have
/ their stock thus registered IN the books q the
company the stock transfer books q the company
viii be closed AZ close q business a. ?. n on
| THURSDAY the 9th day q September. 1910. and
I viii remain closed until the close q business a.
i ! y n on Friday the 18th day ot October 1910;
and all holders Of stock aforesaid who shall be
such az the close a. business on said e-h dAJ q
I September 1910 VIII b entitled 10 vote Or the
special meeting a the stockholders hereby called
I for Friday the 18th DAY Of Oct0hc-. 1910.
The polls VIII be open from z o'clock H. until
| ! O'Clock 2. u. Respectfully.
Z BOARD OF DIRECTORS OF TIE WASHING
/ TON GAS LIGHT COMPANY
By WILLIAM B. 0RME,
secretary Washington Gas Light Company.
/ sei5s2t