The Washington herald., 1910-10-02
Deep Breathing Exercise.
JFFICE OF TIE WASHINGTON GAS LIGHl
COMPANY. ASH TENTH ST. NV.
NAsuIlkIUn tIYs D tss nFIL .. I5IU
To tae Stockholders Of the Washington Gas Light

Washington City. d. C.. Sept 6. 1910
To tae Stockholders Of the Washington Gas Ligh,
Company;
Notice is hereby given that special meeting q
the Etockholiefs Of the Washington Gas Light Com
pany called By the board Of directors Of that
pany for and viii be held on. FRIDAY the fosr-
teenth day Of October. 1910 at Y oclock m al the
principal once OF the company. No 43 Tenth street
northwest. in the City Of Washington. d. C.. 10
transact such business may tperly come before
said meeting. and especially TO consider and ap-
Drove or otherwise act upon the following PROPOSE
tons.
di Shan the Washington Gas Light Company coa-
tnue its practice hitherto Of declaring regular quar-
tery dividends 70 its stockholders fJm its net earn
ings. az the rats of 10 Per eeuum Ter annum upon
It's authorized capital Of 900 which captalizs-
ton vas made many years ago. ana does not new
adequately represent the fair value Of the property
q the company used by II for the benefit Of the
public under the provisions Of the eympauy's char
Ter. and It's further practice Of declsiing extra dSi
deuds from It's undivided profits: or snail Il In fu
ture distribute among is stockholders. IN the pro-
portions % which they respectively entitled the
ret annual earnings a. the company after deductms
fFom Us grtss earnings an proper exDenses Of sd
ministration ard II the conduct Of IT'S business aud
ne sums necessary 70 nav interest upon It's bonds
ard certificates Of indebtedness together With an
amount sufficient 10 depreciation n dividends
10 an amount approXimating Per ctntum upon
tae fair value II the property used hg the said
company for the benefit Of the puhlic j. supplying
gas under lis charter assuming that ihe said net
earnings shall e sufficient Justify said diTdendsY
% Shall the moneys needed snnuallt for sxten-
sions al the comrsuy's mains and other expenses
generally classed as hetterments" be paid uut Of
the Earnings q the company OF shall such moneys
s--~etter Re raised 3 bend issue issues
cured hy seed of trls- upon all Of the canpsny's
Property which u Is entitled 10 embrace in such
deed q trust. said bonds 10 he sold for not less
than par. and the proceeds thereof TO be applied
exclusively 10 said be'teIments,
~ Shall the company refund is outstanding bonds
rroVimstsly S0000 in round numbers. and also its
outstanding dividend certificates II Indebtedness bear
ing ner centum interest amounting 20 S26m 000.
when certificates II Indebtedness payable az
me np'ion Of the company by new bond issue sc
eulec ~ deed Of trust unou an q the property Of the
company which It IS legally entitled embrace in
said deed q tFust said bonds 70 bear interest AZ
ne rate OF Per centum PER snnnm. sad 70 be pay
able A. such tine times the sid speca!
meeting q The stockholders hsreinbefore called shalt
determine upon the contests q the said bonds and
also of she said deed q trust 10 be approved by a
meeting Of thefdeetoTE Of the company subsequent
n the said Uockh0ldfEs meeting but in any event
% contain stipulation waving the STATUTORY per
s0nai responsibility q each sIockholder for the
payment Of me sad bonds and expressly stipulatns
that h6dsrs Ct the said bonds shall re3y only upon
The security embraced IN The said deed n trIstl
Further 80 the event that the sad stockholders
n,etfrg shall determine that future bstterments
shah mol be paid out Of the earrings. but shall he
anaze1l by bend issue shall the issue Of bonds
I -, % what amount l0r the purpose Of financing
said betterments required in the near future?
II II is not thought eypedient 70 refund The said
issue of 8 co co II dividend certificates % indeb
Cdness in the manner next hsreinhefOTe provided
shall the said total issue II dividend certificates Of
Indebtedness be laid With interest 70 the date
Of payment by the proceeds of The sale in open
market, fer not less than par Of s260e 90 Of the
said bends. Or Of 50 many Of said bonds
nav be requires for tee Surpose2
II IL be not thoHgHI sxUsdieHt 20 sell the sald
s. 80 90 face value Of the said bonds in open
market. shall many Of the stockholders Of ths
company a. gwen date as shall avail themselves
q the privilege Sithin a limited time be entitled
10 subscribe and pay Tor the said bonds a. their
face taus SAID privilege of subscription and pas
ment 70 be proportional 10 the holdings o.. the
sTsetiye stoekholders' Shall said privilege next
hereinbefOre referred 70 apply also t0 much OF
said issue issues Of bonds shall be required
for financing bettementsl
All subordinate propositions embraced in and per.
tiHert 70 the said main propositions above stated
shall, % the necessary extent he considered and
acted upon by the said stockholders meeting.
According 10 the charter and bylaws ~ the
Washington Gas Light Company. only such stockhold
srs are allowed "a vote al meeting q the stock
holders shall have been holders Of the certificates
q stock If the said company in their own and
proper names Tor the period q fourteen days pre-
Vlous n stockholders meeting In order that
all stockholders nav have an opportunity 10 have
their stock thus registered in the books q the
company. the stock transfer books OF the company
VIII Be closed a. close OF business a. ?. m.
THURSDAY the 9th day Of September. 1910 and
viii remain closed until the close Of business At
2. N. on Friday. the lith day Of October 1919;
and al holders Of stock afnTesad who shall be
such az the close Of business on said 29th day OF
September. 1910 will be entitled 10 vote e. the
special meeting Of the stockholders hereby called
for FRIDAY the 18th day Of Octohs, 1870.
Fhs polls viii be opeu from q O'Clock m. until
| o'clock 2. Respectfully.
BOARD OF DIRECTORS OF THE WASHING
TON GAS LIGHT COMPANY.
b. WILLIAM q. ORME.
Secretary Washington Gas Light Company.
sellSe