The Washington herald., 1910-09-22
'FlcE or THE WASHINGTON GAS LIGHT

COMPANY. Els-lg TENTH ST. NV.
Washington City d. C., sept g. 1910
To the stockholders q the Washington Gas Light
Company.
Notice IS hereby g.gsn that special meeting Of
the stockholders Of the Washington Gas Light Com
pauy Is called By the board Of directors Of that con-
psny for. and VIII be held on. FRIDAY the four
tenth day q October, 1910. at 2 o'clock IL, at TIE
principal o-ce Of the company No. E3 Tenth street
northwest "a the City q Washington, D. c. %
transact such business as may p Deriy come before
said meeting. and especially 70 consider and ap-
prove or otherwise act upon the fol0wug pCoPosi-
. lions:
% Shall the washington Gas LiTht COmpsSy con-
time It's practice hitherto q declaring regular guar
teTly dividends 70 its stockholders m Us net
!ngs AZ The rate q 70 Usr ocutun }er annun upon
It's authorized capital Of G6O0O, which capitalize
ton made many years ago. ana does not now
adequately represent the fair value Of tie properly
Of the company used hy i for the beHett Of The
public under the rrEisions % the eoZnparys char
fer, and It's further practice q declaring extra dTi
bends from us undivided profits, or shah Il n "a.
ture distribute among IFS Stockholders. IN the PRO
portions TO which they respectively entitled ne
net annual earnings q! tc@ company after de-ue %
from rs gross earnings al proper cIJeLss O ad-
ministration and Of the e0aiuct Of rs business aud
the sums Necessary q pay interest upon ~ bonds
ana certificates Of IHdehtedlesS. together with an
amount sufficient 70 cover deDTeclat0n dividends
/ 70 an amount approKimating ler eenIum upon
the fair value Of the properly used bT the SAID
company for the benefit d the public = supplying
gas under It's charter. assuming that tie said net
earnings shall - sufficient 70 justify said dividends!
- shall the moneys needed annually for exten-
sious Of the c0mpsny's mains and other expenses
generally classsd "bettermeu,s" be paid cut Of
the earnings 81 the company Cr shall such moneys
hereafter be raised r. 2 bold issue OF issues Sc
cured by deed Of trlst upon AL Of ne company
property which il is entitled % eEhracs IN sucl
deed Of trust. said bonds TO be sod for not less
than par. and the proceeds thereof 70 be applied
exclusively 10 said betteTmentsl
80 Shall the company refund its outstanding bonds
low bearing per centum interest, amounting 20 ap-
proximately SEQ 90 in round numbers and also us
outstanding dividend certificates q Indebtedness hear
ing per centum interest, amounting % S-6Uel,
which certificates Of Indebtedness payable az
the option Of the company ry new bond issue Sc
cured by deed q trust upon all of the property q the
company which il Is legally entitled % embrace IN
said deed q trust said bonds % bear interest az
the rate Of per centum per annun, and % be pay
able az such tine times as the S5ld special
meeting Of the stockholders hereinbef-re called shall
determine upon. the contents q the said bonds and
also II The said deed of trust 10 be approved by
meeting o. the directors Of the company subsequent
20 the said stockholders meeting. but IN any event
20 contain a stipulation waving tie statutory per-
sOnsl responsibility o. each srOckhoder FOR the
payment Of the said bonds and expressly stipualing
that holders Of the said bonds shall rely only upon
the security embraced ia the said deed Of trustf
Further IN the event that the said stockholders
meeting shall determine that future bettements
shall not be paid cut Of the earnings, but shall hs
financed By bond issue, shall the issue ot bonds
contemplated in this proposition be increased. and
if So 10 what amount for the purpose Of financing
said betteImsnts required IN the future!
II IL is not thought expedient u refund the said
issue Of 8 SO 600 a dividend certificates of tndeht
edness in the manner next hersinhefoFe provided.
shall the said total issue Of dividend certificates %
Indebtedness be paid with interest 70 the date
Of payment by the proceeds Of the sale IN open
market for not less than par. Of SEQ 900 of tas
said new bonds. or Of 50 many Of said bonds as
may be required for the sufp3se!
II il be not thought e1pedient % sell the said
s26Jo.eo face value Of the said bonds in oPen
market, shall so many Of the stockholders Of tbs
company az q gwen date shall avail themselves
Of the privilege within a limited time he entitled
20 subscribe and pay for the said bonds az their
face value. said privilege Of subscription and pay
ment 10 be proportional 10 the holdings Of the
spectiVe stockhOldeTsY Shall said privilege next
herenbefore referred 10 apply also % 50 much Of
said issue issues Of bonds SHAH be required
for financing bettermentS7
All subordinate propositions embraced in and Ter.
tinent 10 the said main propositions above stated
shall, 10 the necessary extent. be considered and
acted upon by the said stockholders meeting.
According 10 the charter and bylaws u the
Washington Gas Light Company. only such stockhod-
ers are allowed % vote az any meeting Of the stock
holders shall have been holders OF the certificates
Of stock Of the said company in their Own and
proper names for the period Of fourteen days pre-
yious 10 any stockholders meeting In order that
all stockholders may have an opportunity 20 have
their stock thus registered in the books of the
company, the stock transfer books Of the company
will b. closed at cioSe Of business at ) r. N. on
Thursday the 10Th day Of September, 1910 and
viii remain closed until the close o. business at
p. m. Friday, the lsth day Of October. 1910;
and all holders Of stock as aforesaid who shah bs
such at The close Of business said 9th day Of
September 1910, viii be entitled 10 vote at the
special meeting Of the stockholders hereby called
Tor Friday, the l4fh day Of 0ctobe-. 1870.
The polls will be open from Il o'c;oeS N. until
O'Clock p. N. Respectfully
BOARD or DIRECTORS OF THE WASHING
TON GAS LIGHT COMPANY
b WILLIAM r. ORME
Secretary Washington Gas Light Company.
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