The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1910-10-14


Washington City. y. C., Sept 6. 1910.
To the Stockholders OF the Washington Gas Light
Company;
Notice is hereby given th.t special meeting Of
the stockholiers q the Washington Gas Light Con.
psHy Il called by the board o. directors q that COM
pany for. and viii be held o. FRIDAY the for.
tenth DAY q October. 1910 At Z O'clock IT.. the
principal Office Of the company. No. 4l3 Tenh street
northwest IN the City o. Washington, .. C., .
transact such business may perry come hef0Is
said meeting. and especially 70 consider and ap-
prove o. otherwise act upon TIE fol-oEiag propos-
/ tiCns;
o. Shall the Washington Gas Lisbt Company eaa-
time IL practice hitherto q declaring regular quar-
tsry dividends 70 SIS stockholders from lis net earn
ings, az The rate q 10 per oeutum Isg anuum upon
Us authorized capital Of ECO000. which CEp-talza-
ton was made many years ago. ana does not nov
Adequately represent TIE fair value Of the property
q the COMPANY used hy &. t-r the benefit Of ths
public usder the provisions q the csuparys char
ter and its further practice n deCaIi7g extra diTt-
dends from iis Uutyided IF71ts or zIall q In t1'
ture distribute among is stockholders 20 the Tro-
portions 10 which they respectively entitled the
net annual earnings q the company sitter dsCuctng
from is gross earnings sI proper eT1susss q ad-
mini-tTaton and a the conduct q its business aud
TIE sums Necessary 90 Tav interest Uuol It's bonds
and certificates Of Indebtedness. together with
smoEut sufficient % cover dsureciatiou. u dividends
20 an amount apprUxiratus Ter clntUm upon
the fair value Of the property used bv the said
eompany Tor the BENEFIT o. The public l. supplying
gas under its charter assuming that tie said net
earnings shall " sufficient n Justify said dvideudsf
~ Shall the moneys needed ANNALS for extsn.
sions Of the ecmpauys mains and Other expenses
generally Chased "bettarments' Be paid out q
the earnings Of the c1upsuy. o. shall such moneys
hereafter be raised hy bond issue or issues Sc
cured by deed Of trlsr upon all OF the company
property which It Is entitled 20 embrace iu sucl
deed Of trust. said bonds 70 be sold fer not leS
than par and the proceeds thereof 70 be applied
extensively 70 said bettermertsf
81 Shall the company refund its outstanding bonds
49,
proSmstely 500 c0 in round numbers and also i-I
outstanding dividend certificates ~ Indebtedness bsar-
ing per eeutum interest amounting 70 s26no oo.
which certificates q Indebtedness now payable az
The option of the company by new bond issue Sc
cured by deed Of Trust upon all u the property q ths
company which It IS legally entitled 70 embrace 10
said deed Of Trust said bonds 20 bear interest az
the rate o. Per centum per sunum. and TO be pay
able at such time times the said SPECIAL
meeting Of stockholders bereinbefCre called shall
determine upon. the contents Il the said bonds and
also Of the said deed q trust TO be approved b
meeting of the directors 81 the company subsequenE
to the said stockholders meeting, but m any event
20 contain a stipulation waving ne statutory PER
sonsl responsibility q each siCcEhClder for tbs
payment OF the said bonds and expressly stipulstins
hat holders q TIE said bonds shan rely oEy Hp1n
the security embraced in the said deed Of trustf
Further. IN the event that the sad stockholders
meeting shall determine that future bettements
shall not be raid cut q the earnings. but shall he
financed by bond issue shall the issue Of bonds
contemplated in this proposition Be increased. and
If So 10 what amount for the purpose OF financing
sid betteTments required N the near futuref
II II is not n 5Ught e1pedient ~ refund me said
issue Of $3.50 900 of dividend certificates Of inisbt-
edness In the manner next hsreinbefors provided.
shall the said total issue Of dividend certificates q
Indebtedness be paid with interest 10 the date
Of payment by the proceeds Of the sale IN osea
msrk.t, for not less than par, Of $4,000 o CI .is
said new bonds. or Of many Of said bonds
may be required for the Eupassl
II IL be not thought eKpedient 10 sell the ssh
o. b. -
market, shall many Of the stockholders q rs
company az given date as shall avail themselves
q the privilege within limited time be entitled
20 subscribe and pas for the said bonds a: their
face value said privilege Of subscription and pay
ment 10 be proportional 20 the holdings o. the re-
spective stockholders Shall said privilege next
hereinbefore referred to apply also to 50 much Of
said issue issues Of bonds shall be required
for financing betternentsf
All subordinate propositions embraced n and per-
tineut 20 the said main propositions above stated
shall. 10 the necessary extent. be considered and
acted upon By the said stockholders meeting
According 10 the charter ard bylaws Of the
Washington Gas Light Company. only such stockh0id-
ers allowed to vote az any meeting Of the stock
holders as shall have been holders Of the certificates
OF stock OF the said company In their owu and
proper names for the period Of fourteen days pre-
sious to any stockholders meeting In order that
ell stockholders may have opportunity 10 have
their stock thus registered in the books Of tbs
company. the stock transfer books Of the company
viii be closed az close Of business az y. n or
Thursday the 9Th day Of September. islo ana
viii remain closed until the close Of business at
p. m. on Friday, the 18th day Of October 1910;
ard all holders of stock aforesaid who shall be
such at the close Of business said 9Th dag OF
September 1910 will be entitled 20 vote az tbs
special meeting Of the stockholders hereby called
for Friday the 18th day OF October, 1910.
The polls viii he open from Il O'Clock n. until
I o'clock p n. Respectfully
BOARD OF DIRECTORS or THE WASHING
TON GAS LIGHT COMPANY
b. WILLIAM 3. ORME.
Secretary Washington Gas Light Company.
sIs1t