The Washington herald., 1910-09-28
NOTICES


OFFICE OF THE WASHINGTON Gas LIGHT
COMPANY. l%l! TENTH ST. NV.
Washington CRY, d. c., Sept. G. 1910
To the Stockholders Of the Washington Gas Lighs
Notice Is hereby given that = special meeting Of
the stockholders Of the Washington Gas Light Com.
psny called b. the board Of directors Of that eom-
pany for. and viii be held o. FRIDAY the four
tenth day Of October 1910 a. z O'Clock n al ths
principal Office OF the COMPANY No. il3 Tenth street
northwest. IA the City Of Washington, D. c. u
transact such business may pTtpeFly come before
said meeting and especially 70 consider and sp-
prove OF otherwise act upon The following PROPOSE
tons:
o. shan the Washington Gas Light Company con-
tinue its practice hitherto q declaring regular GUAR
teTy dividends 70 it's stockholders from lis net cam
inEs. AZ the rate Of 10 per eentun ier annum upon
us authorized capital q S60oCJo which czptsliza-
uon WAS made many years ago, ana does not now
adequately represent the fair value Of the property
Of the company used b. II for the benefit q ths
public under the provisions Of the eJmpany's char
ter and Us further practice Of declaring extra div
dends from us undivided profits; or shall i IN fu-
ture distribute among is stockholders Ia the pro-
portions 70 which they respectively entitled tbs
net annual earnings Of the company after deductng
from It's grOs earnings all proper expenses q al
inistratiou and Of the conduct Of its business aud
the sums Necessary % pay interest upon its bonds
and certificates Of Indebtedness together with
amount sufficient 70 cover depreciation dividends
10 sn amount Appr91imatine Ter erntum upon
Company for the benefit o. the public i supplying
gas under us charter. assuming that tise said net
earnings shall " sufficient 70 Justify said dividends!
~ Shall the moneys needed annually for eXten.
sions Of the compzny's mains and other expenses
generally caSsed a. "betteTmsnts" be paid uut o.
the earnings Of the company OF shall such Moneys
hereafter be raised - bond Issue CT issues Sc
cured by deed Of trust upon all Of the C0znpauys
property which It Is entitled 70 embrace IL such
deed Of Trust. said bonds TO be sold for not less
thsa par. and the proceeds thereof 70 be applied
exclusively to said betteTmentsl
~ Shall the company refund its outstanding bonds
bearing per centum interest amounting % sp-
FORTUNATELY SOC 90 in round numbers. and also its
outstanding dividend certificates q indebtedness hear
ing per osntum interest. amounting 70 o0.
which certificates Of Indebtedness are nov payable az
the option Of the Company by a bond issue Sc
cured by deed Of trust upon al q The properly q TIE
company which Il IS legally entitled % embrace IN
said deed Of trust said bonds 70 bear interest az
the rate OF per centum Der snnum and be pay
able AZ such tine OF times the sid special
meeting Of the stockholders heTrinbefore called Hhai
determine upon, the coneats q the said bonds and
also Of the sid deed Of trust 20 be approved hy
MEETING Of the directors Of the company subsequent
20 the said stockholders meeting but in any event
10 contain stipulation waving the statutory per
sonal responsibility q each stakeholder for the
payment Of the said bonds and expressly stiDuLstns
that holders Of the sad bonds shall rely only upon
Tire security embraced IN the said deed q trusIg
Further ii the event that the said stocEholders'
meeting shan determine that future beIteTmeui5
shah not be paid cut Of tie earnings. bat shah b
financed D. bond issue. shall the issue a bDo1s
contemplated in this proposition be increased, and
II 50. 70 what amount. FOR the purpose Of financing
said bettermeats required in the near future;
II II Is not thought expedisnt % refund the said
issue Of s. 0 u dividend certificates Of indebt.
edness In the manner next hereinbefOre provided.
shall the said total issue Of dividend certificates %
Indebtedness be paid with interest 10 the date
OF payment by the proceeds o. The sale N open
market Tor rot less than par. q yZ6oQ, 30 a tbs
sid uew bonds, CT q 50 many Of said bonds IS
may be required for The Eurp0ss9
II x be not thcugnt ezpedient 70 sell the sad
g 900 face value q the sad bonds IN open
market shall many a the stockholders q tbs
company a. = gwen date as shah avail themselves
Of the privilege within a limited time ns entitled
20 subscribe and pay for the sad bonds az thelf
face value said privilege Of subscription and pay
ment 70 Be proportional 20 the holdings a. the re-
speetiVe stockholdersl shall SAID privilege next
hereinbefOrs referred 70 apply also % 50 much Of
said issue issues Of bonds IS sAaA be required
Tor financing betteTmentsi
Al subordinate propositions embraced n and per-
tlnent 10 the said main propositions above stated
shall! 20 the necessary extent. be considered and
acted upon by the said stockholders meeting
According 10 the charter and bylaws o. tbs
Washington Gas Light Company. oHy such stoczhold
allowed 70 vote az any meeting o. the stock
holders shall have been holders Of the certificates
Of stock Of the said company IN their own and
proper for the period q fourteen days pre-
yous 70 any stockholders meeting. In order that
| su stockholders may have an opportunity 10 havs
their stock thus registered in the books q tbs
company, the stock transfer books q the company
VIII be closed az close Of business a. p. H. on
Thursday. the GJh dav q September 1910. and
viii remain closed until the close Of business al
p. n on FRIDAY the l4tn dsy Of October 1910;
and all holders Of stock as aforesaid Who SHAH -
such az the close al business on said s,h day Of
September. 1910 viii be entitled 10 vote a. the
special meeting Of the stockholders hereby called
for Friday the 18th day OF October, 1919.
The polls viii be open from q o'clock N. until
| o'clock p. m. Respectfully
BOARD OF DIRECTORS OF THE WASHING
TON GAS LIGHT COMPANY
b WILLIAM 3. ORME.
Secretary Washington Gas Light Company.
seISst