The Washington herald., 1910-10-07

washington tfys ~ - StpL o. l5los
To the Stockholders Of The Washington Gss Light
Company;
Notice is hereby given that special meeting Of
the stockholders q the Washington Gas Light Com
psHy i called by the board o. direetors q that con-
pany for and vii be held On. FRIDAY the fogf-
tenth Gay q October 1870 at 2 O'Clock n. 81 ths
principal once Of the company. No. 45 Tenth stress
northwest. in the City O; Washington. D. c.. 70
transact such business may PIC perry Gene beiors
said meeting. snd especially 10 consider and sp-
prove otherwise act upon the following propose
tons;
% Shall the Washington Gas Lint Company Goa
tnue IS practice hitherto Of declaring regular quar-
terry dividends its stockholders from its net
ings, az the nate Of 10 per oentum Jer anBum upoa
s suthorized capital Of sc co. which ezp1taliza
ton vas made many years ago, and does not no~
adequately represent the fair value Of TIE property
Of the company used ~ Il FOX the benefit u ths
public under tie provisions Of the comps1ys char
Ter sId is further practice q debating extra cTt-
dends from is undivided profits; or shzl 81 IN ~
ture distribute among It's stockholders. n The pro
portions 20 which they are respectively sattea ths
net annual earnings Of The Company altar deducrng
from lis gross earnings all proper sEDsuses Of i'd
ministrst0n and q the conduct q is business aud
the SUNS Necessary 10 pay intsEest upon its boEds
and certificates Of Indebtedness together with
amount sufficient 70 cover deDTecation IN cfFidsnds
70 amount approximating Der ontum upon
the fair value q the property used by he said
company FOR the benefit Of tie pube l. supp51ug
gas under its charter. assuming that the said net
earnings shall u sueien 70 Justify said diTidendsl
% shall the moneys nssded annually foT sItsn.
sions q the eoupanyis mains and 0Lbd sTperssI
generally elAssed as 'bsttsrnsnts" be paid cat q
the earnings Of the company. o. shall such mOnsTs
hefestter be raised b bond issds OF issues 60
cured by deed q tF1ss upon al Of the conpanTs
property which Il Is entitled 10 smbrGos in such
deed Of trust said bonds 20 be sold fer not less
than par. and the proceeds Thereof 70 be applied
exclusively % said betternsutst
81 SHAH the company refund rs outstanding oonds
nov bearing per eentum interest amounting 70 sp-
M - -
outstanding dividend certificates Of Indebtedness bear
ins per oentum interest. amounting 10 sD00o.
which certificates Of Indebtedness payable At
the option Of the company BY rev bond issue se-
cured By deed q tSt upon al o. the property o. tbs
company which IT Is legally entitled 70 embrace ia
said deed q Trust said bonds 70 bear interest az
The rate q per oentum Ter annum. aud 70 Be pay
able 81 such time OF times As the said SPECIAL
meeting Of stockholders hereinbsfOrs called shall
determine upoa the contents q the said bonds sad
ais5 Of the sstd deed Of trust 70 be approved hT
meeting q the directors Of Ire company Subsequent
10 the said stockholders meeting. but in any event
10 contain a stipulation waving the statutory per-
sonsl responsibility q each stockholdeF for ths
payment Of the said bonds and expressly stipulSting
that holders Of the said bonds shall rely OILY upon
the security embraced IN the said deed Ot trusti
Further II the event that the said stockholders'
ulssting shall determine that future bsttsrme1ts
shah not be paid out q The earnings but shall b
financed BY bond issue. shall the issue Of bonds
contemplated il this proposition be increased. and
z
said bettsrments required 10 the near futurel
II II is not thought eTpedient &c refund he said
issue OF g SOC GOO o. dividend certificates Of indebt-
edness in the manner next hereinbefore provided.
shall the said total issue q dividend certificates %
Indebtedness be paid with interest 70 tbS date
Of payment by tbs proceeds Of the sale ID open
market. for not less than par, Of S26o00o a ia
said new bonds OF Of 50 many Of said bonds "a
may be required for the 2uposel
II il be not th0ugnr expecent 20 sell the ss1
s. 600 900 face value q the said bonds IN OPEN
market. snail SO many Of the stockholders Of tAs
company Al gwen date as shall avail themselves
Of the privilege within limited time be entitled
70 subscribe and pay for the said bonds &c their
face value said privilege Of subscription and pay
ment 10 be proportional 20 the holdings Of the re-
spectye stockholdersl Shall said privilege next
hereinbetore referred TO apply also 70 SO much Of
said issue q bonds as shan Do required
for financing bettermentsi
All subordinate propositions embraced IN and Per
tineut 20 tie said main propositions above stated
shah. 10 the necessary extent, be considered AID
acted upon By the said stockholders meeting.
According to the charter and bylaws q ths
Washington Gts Light COMPANY only such stockhold-
ers sre allowed 20 vote at any meeting Of the stock.
holders shall have been holders Of The certificates
Of stock % the said compaay IN their own and
proper names for the period Of fourteen days pre-
Vious 70 any stockholders meeting. IL order that
all stockholders may have opportunity 20 hAYs
their stock thus registered in the books u the
company, the stock transfer books Of the company
will be closed AZ close Of business a. p m on
Thursday, the 9Th day a September 1910. and
viii remain closed until the close Of business a.
n n. on Friday the i4th day Of October 1919;
ard all holders Of stock aforesaid who shah b
such at the close Of business on said 18th day Of
September. 1919 viii be entitled to vote a. the
special meeting Of the stOckholdsrs hereby called
for Fri6ay. the isth day Of OctobsE. 1870
The polls viii he opsn from & O'clock N. untu
1 o'clock ?. m. Respectfully
BOARD OF DIRECTORS OF THE WASHING
TON GAS LIGHT COMPANY
By WILLIAM @. ORME.
Secretary Washington Gas Light Company
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