The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1910-10-11


To the stockholders Of TIE Washington Gas LigaS
Company:
Nouss Is hereby s1ven that spseIal n4etlas o,
tie stockholders Of the Washington Gas Light Con-
psHy Is called by the hard af directors n that en-
rAny 10Y. and viii be held q. FRIDAY the fo4r-
teenth day a October 1871 az y o'el5ck m a. ia
principal once a the company No 43 Tenth street
northwest, IN the City o. Washington. ID. C.. n
transact such bnstness may PTs perry befoss
said meeting. sLt especially 10 consider and ap-
prove or otherwise act uIon the following PROPOSE
tons:
% shan the Washington Gas Light Company cor
tinne liz practice hitherto of declaring regular guar
terry dividends 20 its stockholders fm rs Del earn.
inss. at the rate Of 10 per ceutum Ter snnun upoa
iS authorized capital II s. GO which capi-aiZa-
ton vas made many years sgo anu dos not
adequately represent the fair value Of The property
Of the company used by II toT the benefit OF tbs
public under the Provisions % the cysnpsnys char
ter and lis further practice % declaring extra diy
dends fFon it, undivided TT1f;s; o. STALL IL 10 n
ture distribute anans It's stockholders IN TIE pro-
portions 20 which they are respectively entitled tbs
ret annual earnings q the company after deductng
from SIS grbss earnings all proper exJenszs Of ad-
niniFtraton and Of tie o1aduc OF as business sud
the sums necessary 70 pay interest upon lis bonds
and certificates Of Indebtedness. together with al
ainount sufficient 70 cover deprec alton n dividends
70 On smount ApproNimating Ter clntum Upnn
the fair value Il the property Used 6F the said
COMPANY for TIE benefit q the public l. supplying
gas nBser is charter assuming that tie said net
earnings shall L sufficient n Justify said diTdendsr
q Shall the moneys needed suHual5 for eXten.
SONS q the compaHy's mains sHd other expenses
generally cassed as ''be-teTIeEts'' be paid cut
the earnings Of the company " shah such moneys
hereafter be raised = bond issue or issues
cured by deed q trqsv upon all Of the companys
property which Il Is entitled 10 embrace IN such
deed q trust. said bonds 20 be sold for not less
than par. and the proceeds Thereof 70 be applied
extensively 10 said bettsImsuisl
81 shah the company refund its outstanding bonds
nov bearing per csntum interest amounting 70 ap-
irra r. in md uf5rz
outstanding dividend CstfcGtes q Indebtedness hear
ing per eentum interest. amounting 70 see oO).
which certificates II indebtedness payable
the option Of The company by new bond issue So
cured By deed Of trust upon al OF the property q tbs
company which u Is legally entitled 20 embrace IA
said deed Of trust said bonds % bear interest az
the rate o. per centum per snnum aud 20 be pay
able az such tine or times as the ssi3 special
meeting Of me stockholders hereiuhefore called sal
determine upon. the contents Of the said bonds AMI
also Of The said deed q trust 10 Be eppr0yed By .
meeting Of thu -4-ectnrs Of the company subsequent
to the said stockholders meeting, bat IN any event
10 contain a stipulation wshine the statutory per
sonai responsibility Of each stakeholder for tbs
payment OF the said bonds and expressly stpulatins
that holders q the said bonds shall RELY only upon
the security embraced in the said deed Of tTustT
Further, in the event that the said sockh0deFs'
meeting shall determine that future betternents
shah not be paid cut of the earnings, but shall Be
financed By bond issue. shsll the issue Of bonds
contemplated In this proposition be increased, and
IL so. 10 what amount. for the purpose Of financing
said hetterments required n the Hsar future!
II II IS not thought eypedent % refund me said
issue Of s26o0s Of dividend certificates Of indsbJ.
sdness IN the manner next heTeinhefoJs provided.
shall the said total issue q dividend certificates q
Indebtedness be paid with interest % The date
Of payment By the proceeds Of the sale Ia opea
market, for BOT less than par Of 3 600 90 q IA
said new bonds or Of 50 many Of said bonds e.
may he required FOR the Gurp1sa3
II 10 be not thought expeasnt 20 sell the SD
$4,000 face value Of the said bonds IN open
market, shall so many Of the stockholders Of It's
company az a given date shall avail themselves
Of the privilege within a limited time be entitled
10 subscribe and pay fo. the said bonds AZ their
face value. ssid privilege Of subscription and pay
ment 10 be proportional to the holdings Of the re-
spectlFe stockholdeTsl Shall said privilege next
hereinbefoTe referred to apply also 10 SO much Of
said new issue issues Of bonds shall be required
for financing bettermentsl
All subordinate propositions embraced in and per
unent 70 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 % tbs
Washington Gas Light Company. only such stockhod-
eFs are allowed % vote az any meeting Of the stock
holders as 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-
Eious TO any stockholders meeting In order that
all stockholders may have an opportunity 20 haVs
their stock thus registered in the books Of ths
company, the stock transfer hooks Of Tire company
Wis be closed al close Of business At r. n.
ihnrsday. the 9th day Of September. 1910 and
viii remain closed until the close Of business at
p. m. on Friday, the i4th day Of October 1916
ana all holders OF stock aforesaid who shall Be
such at the close Of business on said 9,h day Of
September, 1910. viii be entitled to vote a; tbs
special meeting of the stockholders hereby called
Tor Friday, the 18th day Of October. 1870
Inc polls viii be open from Is o'clock m. untl
O'Clock p. N. Respectfully
BOARD OF DIRECTORS OF THE WASHING
TON GAS LIGHT COMPANY.
By WILLIAM g. ORME.
Secretary Washington Gas Light Company