Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-09-18
OFFICE OF THE
WASHINGTON GAS LIGHT COMPANY,

413-1T 10th st. NV.
Washington City. d. O.. September g. 1910.
10 the Stockholders of the Washington Gas
LiGht COMPANY;
Notice :. 81 En-. tSss ah
Company Is called by the board Of directors OF
that so~p.ny for and Will a., be held d or F,iday
at the principal Office OF the company, No. Al
10th street northwest. in the city of Washing
properly come before said meeting. aud especially
10 consider and approve otherwise act upon
the following propositions:
81 Shall the Washington Gas Light Company
continue Its practice hitherto of declaring regu
rs net EARNINGS. at the rate OF ten per centuu,
per annum upon its authorized capital .!
1880 900, which capitalization was made many
years aGo. and does not now adequately repre-
sent the fair value Of the property OF the com
under the provisions OF the compsny's charter,
and its further practice Of declaring extra divi.
dends from its undivided profits; or shall II In
future distribute among Its stockholders, In the
proportions TO which they respectively en-
titled. the net annual earnings Of the company
proper expenses Of administers ton and of the
conduct Of It's business and the sums necessary
to pay interest upon Its bonds and certificates
Of Indebtedness. together with amount sufi-
Gent to cover depreciation. IN dividends TO an
fall value Of the property used by the said
company for the beneh; Of the public In sup
said net earnings shall be sufncient 10 justify
said dividends:
-, Shall the moneys needed annually for eK-
tensions of the company's mains and other e1-
penses generally classed "betterments' be
paid out Of the earnings of the company. or
shall such moneys hereafter be- raised by q
bond issue or issues secured by deed OF trust
nron all of the company's property which It Is
bonds to he sold for not less than par. and the
proceeds thereof TO be applied exclusively to
said hetterments?
,:A Shall the company refund its outstanding
bonds now bearing four per centum interest:
nnmher and !" fs S;yiend cert
Gates Of Indebtedness bearing six per centrum
interest, amounting to sc6oa000 which certih-
Gates OF Indebtedness are now payable at the
option Of the company. ny new bond issue
secured by deed of trust upon all of the prop
erty OF the company which II is legally entitled
n embrace in said deed OF trust. said bonds TO
hear interest at the rate Of five per centum per
annum. and 10 be PAYABLE at such time or
times as the said special meeting of the stock
holders hereinbefore called shall determine upon.
the contents of the said bonds and also of the
said deed of trust TO be approved by meeting
~ the directors Of the company subsequent TO
The said stockholders meeting. but in any event
70 contain a STIMULATION waiving the statutory
personal responsibility OF each stakeholder for the
payment of the said bonds and expressly stipu
only upon the security embraced In the SAID
esd Of in the that tb af
future betterments shall not be paid out OF
sarIsnss. but shall be financed by a bond issue
shall the issue, of bonds contemplated In this
proposition be increased. and II so to what
amount. for the purpose of financing said bet
terments required in the near future:
If 1t is not thought expedient to refund the
said issue OF So 800 900 of dividend certificates
provided. shall the said total issue Of dividend
certificates Of indebtedness be paid with interest
70 the date Of payment by the proceeds OF the
sale in market. for not less than par. OF
- 600 OF the said new bonds. or OF so many
OF said bonds : NAV De required for the purpose:
n Ii he not thought expedent to sell the said
g. COO 600 face value Of the said bonds in open
market. shall so many OF the stockholders OF the
company given date shall avail them
selves OF the privilege within limited time he
entitled to subscribe and pay for the said bonds
their face value. said privilege OF subscription
and paymeLt TO be proportional 10 the holdings
OF the respective stockholders? Shall said pryi
1eCe next hereinbefore referred to apply also TO
much OF said new issue or issues Of bonds as
shall he required for financing betterments:
All subordinate propositions embraced in and
stated shall to the necessary extent. be consfd-
cred and acted upon by the said stockholders
meeting.
According to the charter and bylaws of the
holders allowed to vote at any meeting Of
the stockholders shall have been holders Of
the certificates - stock of the said company In
their own ard 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
registered in the books OF the company, the
stock transfer books Of the company win be
closed at close OF brSfness at 8 pm. on Thurs
day. the 10Th day Of September. 1910. and will
remain closed until tine clos. OF business at )
and all holders of stock aforesaid who shall
he such at the close Of business said 18th
day of September. 1910. will be entitled to vote
at the special meeting OF the STOCKHOLDERS hereby
The polls will 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. ORAfE.
Secretary Washington Gas Light Company.