The Washington herald., 1910-09-21

OFFICE OF THE WASHINGTON GAS LIGHT
COMPANY. 1871 TENTH ST. NV
Washington City. ID. C., Sept. G. 1910
TO the Stockholders q Tie Washington Gas Llg-r
Company:
Notice Is hereby given inst special meeting Of
ths stockholders Of the Washington Gas Light Con-
pany Is called ly the board ~ directors u HAT COM
pany for. and VII he held on, FRIDAY. Tie four
tenth DAY Il October. 1910 al L- o'clock a. tie
principal Office o. tie company N1. as Tenth street
northwestern the Ciy d WasI4ugt0u. L. C.. ID
transact such business may tgrrly come before
said meeting, and especially % consider and 4p'
prove O. otherwise AcL upon TIE following IE1p0si'
tsons;
al shall the Washington Gas LiEht ConpaSy con
tnue It's practice hitherto q declaring regular guar
terry dividends 70 its stoekA1ders irJm rs net earn
ing, az The rate Of 10 per ceutum Ter aunlm up3a
It's authorized capital Of sztUgD Nh!ch capitalize
ton vas made many years ago. ana does not now
adequately represent the fair value Of the property
q Tie company used by i- ;or the benefit q no
puele under Tie provisions % the c5nparys cnar-
ter and us further practice Cf declaring extra diyl-
deuds from rs undivided UT'1tss o. shall il IN tI-
ture distribute among is st1cklr-5rs. % the I---
portions 70 which they are respectively entitled t-5
net annual earnings u the csmHaHy after ds-Gc :
from Us gross earnings al proper eL0sus5s Il adj
mlnlstration and o. the conduct OF lis business au4
Tie SUMS necessary 90 pay interest u0oa its l1--s
and certificates Of indebtedness. fa-5--sr Win Al
amount sufficient 70 cover dtuIecI4t1u. dividends
10 amount approIimltug Ter cutUm ul1a
the tair value Of tie properly used LF tie SAID
company fer the benefit Of the plLlc J.. supplying
gas under It's charter assuming tlaI tie sad net
earnings shall e sufficient N justify said dividends!
~ shall the moneys needed annually Tor e2Isl-
sisss e. the csmpaHys mains lnd other expenses
generally classed ~bcttgUeI-s be paid ult u
tie earnings Of the company. ~ shall such moneys
hereafter be raised by band issue OF issues Sc
cured ~ deed q trust upon ell ct the company
property which il IS entitled % embrace IN sutL
deed q trust, said bonds 70 b1 sod for I1t les
Than par, and the proceeds thereof 70 be applied
exclusively N SAID blttEmsHtst
90 Shall the company refund lbs outstanding bonds
nog bearing per centum interest, amounting 90 APP
pToxmsteiy 500 o09 N round numbers and also is
outstanding dividend certificates a Indebtedness bear
ing per centUm interest amounting 70 ,-6Hell.
which certificates Of ldsb,etnsss are now payable 90
The option o. the company ty d new band issue Sc
cured b. deed Of tnst upon all q The property Of Tie
company which II Is legally entitled 70 embrace 10
said deed Of trust said tonds O. bsar interest q;
ne rate OF per csutum per aunun, AID so De pay-
able az such time az times the sad special
meeting Of the stockholders hsTgiube,oe called shall
determine upon The contents u tie said bonds and
also al the said deed q trust 20 b. approved ty
meeting Of the directors % the company subsequent
20 the said stockholders meeting blt iE any event
70 e'ntaln stipulation waving the statutory per-
sonal responsibility If each stakeholder for the
payment Of the said bonds and expressly stpa-atus
that holders Of the said bonds shall rely only upla
the security embraced IN the said deed u Trlst'
Further IN the event that the said Stockholders
m,eting shall determine that futgUe betteTmeuts
hlAu not DC lalQ OUT OF the earnings bAt 7-A+L 40
financed By a bond issue, shall the issue Of bonds
contemplated in this proposition % increased and
Il 20, to what amount, tor the purpose o. financing
said betterments required IN the Essr FUTURE
II It is not thought exped5nt 70 refund the said
issue Of $500 0 # dividend certificates Of indeht-
sdness in the manner neXt hCrgiIbetoIs provided.
shall the said total issue Il dividend certificates o.
Indebtedness he paid with interest % the date
n payment By the proceeds o. the sale In open
market. for not less than par. Of s26ooo0 Of Ih1
said bonds, or q many Of said bonds as
may he required for the Surp1sei
II II be not Thought eXpedent % sell the SAID
S26Ol 900 face value q the said bonds in 0peG
market, shall so many Of the stockholders Of tbs
company at q gwen date shall avail themselves
Of the privilege within a limited time be entitled
TO subscribe and pay for tie said bonds al their
face value esd privilege Of subscription and pay
mrnt 70 be proportional 10 the holdings % the re-
spectiYe stockholders! Small said privilege ufx-
hereubesDEs referred 10 apply also % SO much u
said new issue or issues Of bends shall be required
FOR financing bettsrmentsf
All subordinate prop 5sitions embraced IN and per-
tinent 10 the said main propositions above stated
shall, to the necessary extent be considered and
acted upon by the said stockholders meeting.
According 20 the charter and bylaws u ths
Washington Gas Light Company. only such zJ0chdod-
allowed 20 vote at any meeting q the stock
holders shall have been holders 81 the certificates
Of stock Of the SAID company IN their own and
proper names for the period Of fourteen DAYS pre-
Yious n any stockholders meeting In order that
all stockholders may have opportunity 70 have
their stock thus registered in the books Of tbs
company. the stock transfer books Of the company
Will be closed at close Of business al p. ID. on
Thursday. the 9th day of September, 1910 and
viii remain closed until the close Of business ~
; y. m. on Friday the 18th day Of October 1910;
and all holders Of stock aforesaid who shan be
such al the close 81 business on said 9Th day ~
September 1910 viii be entitled 80 vote 81 tho
special meeting Of the stockholders hereby called
for Friday the 18th day Of Octobc- 1910.
The polls viii he oTen from p o'c.1cz m. untA
/ o'elaek ?. m. Respectfully,
| BOARD OF DIRECTORS OF THE WASHING
| TON GAS LIGHT COMPANY
b WILLIAM 3. ORNE
Secretary Washington Gas Light Company
| selSs2t