The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1910-09-18
OFFICE OF THE
Washington Gas Light Company.
1917 TENTH STREET y. ".
washington city. D. C..

September D. 1910
10 the STOCKHOLDERS OF the washington
Gas LlSht Company
Notice IS hereby given that a special
meeting OF the stockholders OF the
called By the Board of Directors OF that
company for and VIII be held on, FRI
cay the fourteenth day Of October, 1910.
az y O'Clock NJ, at the principal office
northwest in the City Of washington.
y g, 10 transact such business as may
properly come before said meeting. and
especially 70 consider and approve or
oiner wise act upon the following prOpO-
Cd Shall the Washington Gas Iicht-
CoEl5'asly continue its practice hitherto
or declaring regular Quarterly dividends
% us stockholders from its net earnings,
az the rate Of ten Der csntum per annuru-
upon It's authorized capital OF s26j8,000.
winch capitalization was made many
us agos ana does not now adequately .
ISsPIeseIt the faIr value Of the property
/ o. the company used BY II for the beue =
~ OF the public under the provisions OF
] ttle company s Charter and its further -
( practice Of declaring extra dfvideuds
: from its undivided profits. CT. shall #
n future distribute among its stock =
hciders, N the proportions TO which they
are respectively entitled. the net annual
/ earnings OF the Comuau- after deduct
lns rom It's gross earnings all proper
/ expenses OF administration and OF the
/ conduct OF Its business and the sums :
necessary to psy interest upon It's bonds
/ ana certificates Of in6ebteduesz to
gether with an amount sufficient 10
/ cover 0epreciattOn IN dividends 10 an
/ amount aDprOXimatinC six per centurn
- - Lli ~ .Llie or the property used
I the public IN supplying gas under ffs
ciiarteI. assuming that the said net earn
lHsss So Dc sufheient TO justify said
O. Shall the moneys needed annually
/ Tor extensions OF the Csmpanv's mains
and other expenses generally cIssse5 a
I 'betterments' be paid Out-of re earn
ms On ne company, or shall sucfs-
ILLS tlil-lSs , - . se1leI oe raised BY bOnd-a
| issue OF issues secured by deed Of rrusrf
upon ali Of the COmpauv's uroDerf,-
I which II IS entitled TO embrace in e71rf,z
Ceeo OF u uSt- said bonds to be sold for@
/ not less than par. and the proCee5zz
thereof 70 be applied exclusively TO sad
beIteTmeurS2 =
tstaT.fiing bonds now bearing four per Cen
/ tuEn interest amounting TO aDprOTirnafn-
1 y $4,000 in round numbers ana aiSo.E
ttts OUTSTANDING dividend certificates ors
Indebtedness bearing six. Der oe1frTU7 ~
/ terest, amounting 70 - 60 600 which
1 certificates Of Indebtedness s-e no. -
| Die at the option Of the comoanvl -
/ a new bond issue, secured BY daA5 -
trust upon al OF the property. Of the
company which Il IS legally entitled 20
embrace IN said deco Of trust safl4
bonds TO bear interest at the-rsfa - -
I per centuna Per annuul, and TO b. uaya-s
bic at such [ me or times as the said So,
ca met ting of the Stockholders bsr-s;-7-
before called shall determine mon - 8
contents OF the said bonds and also o.
me Sald oeed OF tTusS tozbe approved
oy a meeting OF the directors OF fF7zf
/ company subsequent TO the said lsto-I-.
I 1oicers meeting but ia auv event -
contain stipulation waIvfn, the Stsf-s
! uJOry- personal responsibility OF esrha
stockholder for the payment Of 4ra Ss5{f
bonds and expressly sfEruIs4IT5T 49,
1 holders Of the said bonds shall reIv. ONLY
upon the security embraced IN 49, safdf
deed Of truSt2 Further IN f1,[ .--e-,--
that the said stockholders -7,ae-f--.-
snall determine that future oetterments
s-GlI not be paid out OF earnings, out
shan De financed by a bond isSlte snail 1
the issue OF bonds contemplated IN rbiSs
PROPOSITION De increased AMI II so To-
what amount for the purpose OF fuanC-.
near future2
Il It is not thought expedient TO re-
fund the sail issue Of S2.6si.gag OF divf-
den certificates OF indebted aess in the
manner uexI hereinbefOre provided SHAH
the said total issue OF dividend Csrfff-e
Gates OF Indebtedness be paid with inter
est to the date Of payment bv the nro.-
ceedS OF the sale in open market Fo-
not less than par, OF s2.uad.irH3 of The =
said new bonds, OF OF so many Of said &
poser
If II be not thought expediert 70 sell
the said $4,000 face value OF the said
bonds in open market, shan 50 Tuan--
OF the stockholders OF the company At
4 given date as shall avail themselves
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 ard payment
to be proportional to the holdings OF 1he
/. respective stockholders Shall said
privilege next hereiabefcre referred to
apply also 10 SO much Of said new issue
or issues Of bonds as shall be required
for financing betterments2
Az subordinate propositions e.
braced in and pertinent 10 the said
main propositions above stated shall
TO the necessary extent. be considered
and acted upon by the said stock
holders meeting.
According to the charter and bylaws
Of the Washington Gas Light Com
pany, only such stockholders are allow
ed to vote at any meeting OF the stock
holders 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 stockholders meetirE
In order that al stockholders may
have an 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 3 p m on Thursday, the
18th dav Of September, 1910. and VIII
remain closed until the close Of busi-
ness at 8 D. m on Friday, the 14th day
of October, 1910: and all holders Of stock
as aforesaid who shall be such at the !
close of business Oh said 10Th dav Of i
September, 1910, viii be entitled TO vote
at the special meeting Of the stock <
holders hereby called for Friday the
18th day Of October. 1910
The polls VIII be open from z o'clock
N until 1 O'Clock p. m
BOARD OF DIRECTORS OF THE
WASHINGTON GAS LIGHT CON-.
FANY.
WILLIAM B. oRME, Secretary, Wash
ington Gas Light Company se13-Slt
IRON FFNCFS