Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-09-30
OFFICE OF THE
WASHINGTON GAS LIGHT COMPANY,


413-17 10Th 81. n W.
Washington City. d. c.. September 6, 1910
TO the Stockholders of the Washington Gas
Notice Is hereby given that a special meeting
Of the stockholders OF the Washington Gas Light
Company is called by the board Of directors OF
that company for. and will be held on. Friday,
the I4th day of October 1870 at IL O'Clock m
AT the principal office Of the company, No: 413
ton D. C.. to transact such business may
properly come before said meeting. ana especially
TO consider and approve or otherwise act upon
the following piopositions:
III Shall the Washington Gas Light Company
lar quarterly dividends to Its STOCKHOLDERS from
lis net earnings. at the rate OF ten per centum
annm upon Its Ta2.a m,nv
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 IFS further practice of declaring extra d1yi-
future distribute among its stockholders. in the
proportions to which they are respectively en-
after deductinr from its gross earnings all
proper expenses of administration and OF the
10 pay interest upon its bonds and certihca ties
81 Indebtedness. together with an amount SUM-
amount approximating six per centum upon .as
fair value OF the property used by the SAID
rving gas under It's charter. assuming that the
said net earnings shall be sufficient to JUSTIFY
q, Shall the moneys needed annually for ex-
tensions Of the company's mains and other ex.
Tenses generally cassed "hetterments' be
raid out of the earnings Of the company. or
shall such moneys hereafter be raised by a
bond issne issues secured by deed of trust
entitled 10 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?
"a, Shall the company refund ITS outstanding
to f1uT in round
numbers. and also its outstanding dividend certin-
ss Of ssss six
Gates Of Indebtedness are now payable at the
option of the company. by new bond issue
rrty Of the company which 1t is legally entitled
10 embrace in said deed of trust. said bonds to
annum and to be payable at such time or
times the said special meeting Of the stock
the contents of the said bonds and also of the
said deed Of trust to he approved by meeting
the said stockholders meeting. but in any event
10 contain stimulation waving the statutory
pavment Of the said bonds and expressly stipu-
lating that holders of the said bonds shall rely
sd Of De I'm the event that the
said stockholders meeting shall determine that
s"s ss ,s SHAH not be be paid bsna 0qs
shall the issue of bonds contemplated In this
nronoston be increased and so i to what hs,
terments REQUIRED in the near future?
II # is not thought ezpedient to refund the
Of Indebtedness in the manner next herenhefore
provided. shall the said total issne of dividend
certificates Of Indebtedness be paid with interest
10 the date of payment by the proceeds of the
sale in open market: for not less than par OF
81 900 600 Of the said new bonds or Of so many
OF said bonds NAV be required for the purpose !?
II II he not thought expedient to sell the said
market. &aall many of the stockholders OF the
company at a given date as shall avail them
selves Of the privilege within a limited time be
entitled TO subscribe and pay for the said bonds
at their face value. said privilege Of subscription
and payment to be proportional to the holdings
Of the respective stockholders7 Shall said privf-
lege next hereinbefore referred to apply also to
much Of said new issue or Issues OF bonds as
shall be required for financing betterments?
All subordinate PROPOSITIONS embraced in and
pertinent to the said main propositions above
stated shall. to the necessary extent. he consid-
cred and acted upon By the said stockholders
meeting.
According to the charter and bylaws Of the
Washington Gas Light Company. only such stock
the stockholders as 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 stockhoders'
hsvn opportunity to have their stock thus
registered in the books Of the company the
stock transfer books Of the company Will be
closed at close Of business at pm Thurs
remain closed until the close Of business at 8
pm. Friday. the 18th day Of October, 1910:
and all holders Of stock as aforesaid who shall
he such at the close of business said Goth
st the special meeting of the stockholders hereby
called for Friday. the 14th day of October 1910.
The polls win be open from IL O'Clock m.
until o'clock p.m.
Respectfully.
BOARD OF DIRECTORS OF THE WASHING
TON GAS LIGHT COMPANY.
BY WILLIAM B. ORME.
Secretary Washington Gas Light Company.