Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-09-16
SPECIAL NOTICES.
OFFICE OF THE
WASHINGTON Gas LIGHT COMPANY,

1917 10th ST.
Washington City. ID. c.. September 8, 1910.
t. the Stockholders of the Washington Gas
Ligh: Company:
Notice is hereby given that a special meeting
company is called by the board of directors OK
hat company for. and will he held on. Friday,
~ the principal office OF the company No. Alb
10Th street northwest. in the city OF Washing
properly before said meeting. and especially
10 consider and approve or otherwise act upon
The following propositions:
~ Shall the Washington Gas Light Company
continue its practice hitherto OF declaring regu-
lar quarterly dividends to its stockholders from
us net earnings. at the rate OF ten per centuni
Der annum upon Its authorized capital OF
s2so0ooO which capitalization was made many
wears ago. and does not now Adequately repre-
sent the fair value OF the property OF the com
Psny used by il for the benefit OF the public
under the provisions OF the companys charter,
lends from its undivided profits: or shall 1t in
future distribute among its stockholders. in the
promotions 70 which they respectively en-
tilted, the ne5 annual earnings of the company
proper expenses Of administration and OF the
conduct OF its business and the sums necessary
Of indebtedness. together with an amount snfh-
cient to cover depreciation in dividends to an
nat six per ee91m the
company for the benefit OF the public in sup
plying gas under its charter. assuming that the
said net earnings shall be sufficient to JUSTIFY
said dividends,
q, Shall the money. needed annually for e1-
.
penses generally classed 'betterments'' be
paid out of the earnings Of the company, or
bond issue or issues secured by deed OF trust
upon all of the company's property which II Is
bonds 10 be sold for not less than par. and the
proceeds thereof 10 be applied exclusively to
said bettermeuts:
80 Shall the company refund its outstanding
bonds now bearing four per centum interest;
amounting to approximately $500 0o9 in round
numbers and also its outstanding dividend certih-
Gates OF. Indebtedness bearing six per centuln
interest amounting to sc.6o0.ooO. which certh
Gates Of Indebtedness are now payable at the
option of the company by a new bond issue
secured by deed of trust upon all OF the prop
erty of the company which it Is legally entitled
10 embrace in said deed OF trust said bonds to
bear interest at the rate Of five per centnm per
annum. and 10 be payable at such time or
times the said special meeting of the stock
holders hereinfrfore called shall determine upon,
the contents of the said bonds and also OF the
Of the directors of the company subsequent to
the said stockholders meeting. but in any event
personal responsibility of each stakeholder for the
payment OF the said bonds. and expressly stipu
only upon the security embraced in the said
deed Of trustt Further in the event that the
said stockholders meeting shall determine ina.
future t~ttcrmsnts shall not be paid out OF
eartsngs but shall be financed by a bond issue
shall the Issue of bonds contemplated in this
amount. for the purpose Of financing said bet
'crmcnis REQUIRED in the near future:
II il is not thought expedient to refund the
said issue of s2.GoO.OO0 of dividend certificates
Of Indebtedness in the manner next hereinbefore
provided shall the said total issue OF dividend
certificates of Indebtedness be paid with interest
10 the date OF payment by the proceeds OF the
sale In open market for not less than par. OF
*. 600. 900 OF the said new bonds. of so many
u said bonds may be required for the purpose?
lf ii he not thought e1pedient to sell the said
50 100000 face value of the said bonds in open
market shall many of the stockholders of the
at a given date as shall avail them
selves OF the privilege within a limited time De
entitled to subscribe and pay for the said bonds
their face value. said privilege OF subscription
and payment 70 be proportional to the holdings
lrce next hercinbrfore 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 consid-
cred and acted UPON by the said stockholders
meeting.
According 10 the charter and bylaws of the
lolders allowed TO vote at any meeting OF
tine stockholders shall have been holders OF
The certificates of stock of the said company IN
their own and proper names Tor the PERIOD o!
fourteen days previous to any stockholders
meeting In order that all stockholders may
have an. opportunity to. have their stock thus
stock transfer books OF the company will be
closed at cloSe OF business at 3 pm on Thurs
dsr the Goth day of September. 1910. and. viii
reruain closed until the clos, OF business at !"
u m on Friday the l4th day of October. 1910;
and all holders OF stock aforesaid who shall
hc 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 1+th day of October, 1910
The polls will he open from Il O'Clock M
until O'Clock p.m-
Respectful -.
BOARD OF DIRECTORS OF THE WASHING
ton GAS LIGHT COMPANY:
by WILLIAM B. ORME.
Secretary Washington Gas Light Company.