The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1910-09-26
SPECIAL NOTICES
OFFICE or THE WASHINGTON GAS LIGHT
rnAIn Wv "A rLNrsI 81

OFFICE or THE WASHINGTON GAS LIGHT
COMPANY, zl3-n TENTH ST. NV.
Washington City. D. C., sept g. 1910.
To the stockholders Of the Washington Gas Light
Notice is hereby given that q special meeting Of
the stockholders Of the Washington Gas Light Com.
pany called By the board Of directors Of that
psny for. and will be held On. FRIDAY. the four.
tsenth day Of October, 1910 at y o'clock "a a. the
principal Office Of the company, No. A3 Tenth street
northwest IN the City Of Washington, d. C.. 70
transact such business as may pr perry come before
said meeting, and especially 20 consider an1 ap-
prove otherwise act upon the following PROPOSE
tons:
Cd Shall the Washington Gas LiTht Compa3y con.
tuue its practice hitherto Of declaring regular quar-
teFy dividends 20 It's stockholders ffJm its net earn
ines, at the rate Of 10 per eentum Yer annUm upon
its authorized capital Of f26oo0Oo which cspitsliza-
lion vas made many years ago. anu Goes not now
adequately represent the fair value q the property
Of The company used BY Il for the benefit o. The
public under the provisions Of the eOmpany's char
Ter. and IFS further practice Of declaring extra diEi-
bends from us undivided profits: or shall II IN fu-
iuTe distribute among its stockholders. In the pro-
portions 70 which they respectively entitled the
net annual earnings Of The company after deductls
from rs gross earnings al proper eI3ensss Of adj
fninis'rst!on and Of the conduct Of SIS business aud
the SUNS necessary 70 pay interest upon It's bonds
and certificates q Indebtedness. together with
amount sufficient 70 cover deDTeCiati0n n dividends
10 an amount approGimating per ocntum upon
the fair value q the properly used Is the said
company for the benefit q the public l. supplying
gas under ia charter. assuming that tie said net
earnings shall e sufficient TO justify said divdendsf
% Shall The moneys needed aunuall3 for eNten-
si0ns n the cOmpauy's mains and other expenses
generally osssed 'betternents" be paid uur Of
the earnings Of the company. OF shall such moneys
hereafter he raised X b7rd issue or issues re-
cured BY deed OF trqsr upon al Of the eompauy.s
property which il Is entitled 70 embrace IN such
deed Ct trust said bonds to be sold FOR not less
than par and the proceeds thereof to be applied
exclusively 10 said bettemsntsi
49, Shall the company refund SIS outstanding bonds
ROW bearing Per csntm interest. amounting 70 ap-
pEoImately $4,000 in round numbers. and also rs
outstanding dividend certificates q Indebtedness bear
ing per ceutum interest. amounting 20 10000.
which certificates a indf5tsdness are new payable AZ
the option q the company b. rev bond issue Sc
cured hy deed Of trust upon al o. The property d the
company which It IS legally entitled 70 embrace IN
said deed q trust said bonds u bear interest 40
the rate Of per csutun per asnVm, and % be pay
ahle az such time or times as the said special
meeting a the stockholders hereuhefore called shall
determine upon. the contents q the said bonds ard
also Of the said deed q trust 10 be approved hy
meeting Of the directors Of the company subsequent
to the said stockholders meeting but ~ ans event
10 contain a stipulation waving the statutory per
sonsi responsibility q each st0ckh0der fer the
payment Of the ssid bonds and expressly s-iPastiug
that holders q the said bonds shan rely only upon
the security embraced in the said deed q frustf
Further IN the event that me said sJ0cshlldcrs
meeting shah determine that future bettemeut5
shan not be paid out Of the earnings. but shall be
financed by bond issue, shall the issue cf bonds
contemplated In this proposition he increased. and
Il 50, 20 what amount for the purpose oi financing
said betterments required in the near futurel
II IL is not thought sTpefient 70 refund The said
issus Of 26O0 600 Of dividend certificates q indsbt-
ednsss IN the manner next heTeInbefoge provided,
shall the said total issue az dividend certificates q
Indebtedness be paid with interest 10 the date
Of payment By the proverbs Of the sale IN oPea
market. Tor not les than par, o. s. 600 DO Of tie
said bonds. o. q 50 many Of said bonds -
may he required for the GHTp1ssI
II Il be not thougnr expe1.ent 20 sell ths sai1
E6o0 900 face value q the said bonds in open
market shall 30 many Of the stockholders q tha
company Al a gwen date IS shall sTal themselves
az the privilege within q limited tine he entitled
10 subscribe and pay fog the said bonds az their
face value ssid privilege g subscription ard pay
meat 20 be proportional 70 The holdings q the re-
spective stockholdsrsf shall said privilege next
hsTeinbefoFe referred 70 apply also n Sd much .
said new issue OF issues Of bonds shah Be required
Tor financing hetteTments!
AL subcgdinate propositions embraced 10 and FER
tinsct 70 tbs said main propositions snoTe stated
shall % the necessary extent. be considered and
acted upon by the said stockholders meeting
Ascending 70 the charter and hy.l2Us q ms
Washington Gas Light Company only such stockhoid-
allowed 10 vote at any meeting o. Tie stock
holders as shall have been holders q the certificates
Of stock Of the said company IN their own and
proper names for the period q fourteen days Pre-
Eious 20 any stockholders meeting. IN order that
all stockholders may have opportunity 20 have
their stock thus registered in the books ct the
company. the stock transfer hooks Of the company
will BE- closed at close Of business a. ?. II. on
Thursday, the 18th day of September 1910, and
viii remain closed until the close Of business %
p. U. on Friday the 18th day q October 1919
and all holders q stock aforesaid who shall 10
such at the close Of business on said es-h day a
September 1910 viii be entitled 90 vote 90 tbs
special meeting a the stockholders hereby called
Tor Friday. the 18th day Of Octobes. 1910.
The polls will be open from q O'Clock n. until
1 o'clock p. N. Respectfully
BOARD OF DIRECTORS OF THE WASHING
TON GAS LIGHT COMPANY
By WILLIAM 8. ORME.
Secretary Washington Gas Light Company.
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