Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-09-16
OFFICE OF THE
WASHINGTON GAS LIGHT COMPANY,
4i3-lT lufl ST NV,
Washington City. II. e, September g, 1910.
ha tC.kbolders ~ Washington ia


Washington CITY. II. T.. September 6, 1910.
+ II The Stockholders OF the Washington Gas
Notice is hereby given that special meeting
of the stockholders of the Washington Gas Light
company is called nv the board OF directors OK
hat compaAy for. and will he held on FRIDAY,
The 18th day Of October. 1910. at IL O'Clock M,
lbrh street northwest. In the city OF Washing
ion. ID. e. to transact such business as may
properly come before said meeting and especially
10 consider and apDrove or otherwise act upon
the following propositions:
tp Shall the Washington Gas Light Company
continue its practice hitherto Of declaring regu-
lar quarterly dividends TO its stockholders from
lis net earnings at the rate Of ten per centum
Der annum upon Its authorized capital on
s.. 500. 900. which capitalization was made many
years and does not now adequately repre-
rany used bv il for the benefit OF the public
under the provisions OF the company's charter,
and its further practice OF declaring extra divi-
lends from its undivided profits: or shall 1t in
future distribute among its stockholders. in the
proportions 10 which they are respectively en-
titled the net annual earnings of the company
after deduc'ing from It's gross earnings all
proper expenses of administration and Of the
conduct OF its business and the sums necessary
t. pay interest upon Its bonds and certificates
Of indebtedness. together with an amount sufh-
amount experimenting six per centum upon the
fair value Of the property used by the said
plying gas under its charter assuming that the
said net earnings shall be sufficient to justify
said dividends?
%, Shall the MONEYS needed annually for ex-
tensions Of the company's mains and other ex-
penses generally classed as 'betterments' be
paid out Of the earnings Of the company, or
shall such MONEYS hereafter be raised hy
bond issue issues .c,ured by deed OF trust
entitled to embrace in such deed of trust. said
bonds 70 be sold for not less than par. and the
proceeds thereof TO be applied exclusively to
said bettermeuts:
81 Shall the company refund its outstanding
amounting: to appro1imateIy $500 600 in round
numbers and also its outstanding dividend certih-
ssaos SIX which e
Gates Of indebtedness now payable at the
option Of the COMPANY by new bond issue
secured by deed of trust upon all OF the prop
erty OF the company which it is legally entitled
70 embrace in said deed of trust, said bonds to
hear interest at the rate Of five per centum per
annum and to be payable at such time or
times as the said special meeting of the stock
the contents of the said bonds and also OF the
said deed of trust to be approved by meeting
RE said stockholders meeting, but In any event
10 contain STIMULATION waving the statutory
payment OF the said bonds. and expressly stipu-
latinG that holders Of the said bonds shall rely
only upon the security embraced in the said
deed OF trust: Further. in the event that the
said stockholders meeting shall determine that
future betterments shall not be paid out OF
earIsngS. bur shall he financed by bond issue,
shall the Issue OF bonds contemplated in this
proeesition he increased and if 80 to what .
amount. for the purpose OF financing said bet
iormen's REQUIRED in the future:
" il is not thought expedient to refund the
said Issue of $3.50 900 of dividend certificates
Of Indebtedness in the manner next hereinbefo-e
provided shall the said total issue OF dividend
certificates of Indebtedness be paid with interest
10 the date % payment by the proceeds OF the
>ale In open market. for not less than par. OF
~. coo. 600 OF the said new bonds. or OF SO many
- said bonds may be required for the purpose?
If il he not thought eXpedient to sell the said
S2.6oo.0O0 face value of the said bonds in open
market shall many OF the stockholders OF the
company given date shall avail them
selves of tine privilege within limited time be
entitled to subscribe and pay for the said bonds
at their face value. said privilege of subscription
and paymeht 10 be unconditional to the holdings
cf the respective stockholders: Shall said priy1-
Jog" next hcrenbrfore referred to apply also to
mach Of said new issue or issues of bonds as
shall he required for financing bettermentS?
All subordinate propositions embraced in and
pertinent to the said main propositions above
stated shall. 10 the necessary extent. be consid-
cred and acted by the said stockholders
meeting
According 10 the charter and bylaws of the
Washington Gas Light Company. only such stock
holders allowed TO vote at any meeting OF
the stockholders shall have been holders OF
their and proper names for the period OF
fourteen days previous to any stockholders
meeting. In order that all stockholders may
have an opportunity to. have their stock thus
rsefS,ered in the books of. the company the
stock transfer books of the company will be
closed at close of business at pm on Thurs
DAY the 2e,h day of September, 1910. and will
remain closed until the clos> OF business at .
pm on FRIDAY, the 14th day Of October, 1910;
and AL holders OF stock as aforesaid who shall
nc such at the close of business on said 18th
day OF September. 1910 will he entitled to vote
at the special. meeting Of the stockholders hereby
Called for Friday. the 18th day OF October, 1910
The polls will he open from Il O'Clock m.
until O'clock Pm.
BOARD OF DIRECTORS OF THE WASHING
"ToN GAS LIGHT COMPANY:
BY WILLIAM B. ORME.
Secretary Washington Gas Light Company.