The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1910-09-15

OFFICE OF THE WASHINGTON Gas LIGHT
COMPANY. l2l7 TENTH ST. NV.
Washington City. D. C.. Sept. 8. 1910
To the stockholders Of the Washington Gas Lgh,
Company;
Notice is hereby given that 4 special meeting o;
the stockholders % the Washington Gas Light Com
pany called by The hoard ~ directors a. that cc-
pany for. and viii he held on FRIDAY. the four
tenth day q octocer 1910. 40 y o'clock n a. the
principal Office Of the COMPANY No. AIS Tenth street
northwest in the City q Washington. p. C.. %
transact such business may properly come before
said meeting. and especially 20 consider and sp
prove OF otherwise act upon the following propo&-
ticns:
ul Shall the Washington Gas Light Company con.
tnUe its practice hitherto Of declaring regular quar-
tery dividends 20 its stockholders from its net earn
ing. az the rate Of 10 per centun pCr annUm upon
rs authorized capital q S260C10 which captaliza-
ton vas made many years ago and does not nov
Adequately represent the fair value q The property
o. the company used by it for the benefit Of the
public under The provisions Of the conpany's char.
ter and is further practice Of declaring extra div
denoS from its undivided profits. or shall IL ii 10
turc distribute among its stockholders IN the pro-
portions % which they respectively entitled the
net annual earnings % the company after deduc o.
from rs gross earnings al proper expenses Of ad-
ministraton and Of the conduct Of its business and
The sums necessary % pay interest upon its bonds
and certificates Of indebtedness. together with al
amount sufficient 10 cover depreciation IN dividends
% an amount apnroximatng ger centum upon
inc TAR value Of the property used by the said
company for the benefit of the public in supplying
gas under its charter. assuming that the said net
earnings shall e sufficient % Justify said divdendsl
% shall the MONEYS needed annually for exten-
SONS Of the ccmpany's mains and other expenses
generally ciaSscd betfeTments" be paid out 81
the earninga 81 the company. or shall such moneys
hereafter be raised by bond issue or issues Sc
cured by deed Of trust upon al % the company
property Which u Is entitled 20 embrace In sucA
deed Of trust said bonds 20 be sold for not les
Than PAR. and the proceeds thereof 20 be applied
exclusively 10 said hettsmentsl
90 Shall he company refund its outstanding bonds
now bearing per centum Interest amounting % sp-
proxmatey 500 GO in round numbers. and also It's
outstanding diydcld certificates Of Indebtedness bear
ing s per centum interest amounting 20 $500 O01
which certificates Of Indebtedness are now payable az
the option Of the company by new bond issue Sc
cured by deed Of tSt upon all Of The property Of the
company which It is legally entitled 70 embrace in
said deed Of trust said bonds 20 bear interest al
me rate Of per centum per snnum. and TO he pay
able az such time times the said special
meeting Of the stockholders hereinbefore called shall
determine upon the contents Of the SAID honds and
also q the said decd Of trust to be approved ~
meeting Of the directors Of the company subsequent
70 The said stockholders' meeting but in any event
70 contain stipulation waving ;he statutory per
sonal responsibility Of each stockholder for the
PAYMENT Of The said bonds and expressly stipustng
that holders Of the said bonds shall rely only upon
the security embraced in the said deed Of tuul
Further. In the event thu the said stOckholders'
m, citing shall determine that futare betterments
shan not be paid out Of the earning. bat shall be
financed By a bond issue shall the issue Of bonds
contemplated in this proposition be increased and
II 50. 70 what amount for the purpose Of financing
said betterments required in the near futureg
II II is not thought eXpe3ient 70 refund the said
issue Of 600 Of dividend certificates q ndebt
edness in the manner next hereinbefore provided
shall the said total issue Of dividend certificates Of
indebtedness be paid With interest 70 the date
o. payment by the proceeds q the sale in open
market. for not less than par. Of S26000 Of the
said new bonds OF Of 50 many o. said bonds as
may be required for the -u1posei
II Il be not thought eHpedlen> 20 sell the SAID
SL60o-O0) face value Of the said bonds In open
market shall 50 many Of the stockholders Of the
company at gwen date shall avail themselves
Of the privilege within a limited time be entitled
10 subscribe and pay for the said bonds AZ their
face value said privilege Of subscription and pay
ment 20 be proportional 70 the holdings Of the re-
spectiye stockholders shall aid privilege next
hcfenbefore referred % apply also 70 80 much q
said issue issues Of bonds shall be required
for financing bettcmentsf
All subordinate propositions embraced IN and PER
tinent 10 the said main propositions above stated
shall. TO the Necessary extent be considered and
acted upon by the said stockholders meeting
According to the charter and bylaws 81 the
Washington Gas Light Company. only such stockhold-
ers are allowed 70 vote az any meeting Of the stock
holders shall have been holders Of the certificates
OF STOCK OF the said company IN them own and
proper names for the period Of fourteen days pre-
viOus 70 any stockholders meeting In order that
all stockholders may have opportunity 20 have
their stock thus registered in the books Of the
company the stock transfer books Of the company
viii be closed az close Of business AZ p. N. on
THURSDAY the 9th dav of Septesnher. 1910. and
viii remain closed until the close o. business AZ
5 p. m. on Friday. the 18th day o October 1910;
and all holders Of stock as aforesaid who shall be
such AZ the close Of business on said 9th day Of
September. 1910 viii be entitled 70 vote AZ the
Srecial meeting Of the stockholders hereby called
for Friday the i4th DAY of Octohe- 1914
The polls will he opea from % O'Clock n. until
O'Clock n m. Respectfully.
BOARD OF DIRECTORS OF THE WASHING
TON GAS LIGHT COMPANY
By WILLIAM p. OR4IE
Secretary Washington Ca Light Company.
eI5n