The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1910-10-10
OFFICE or THE WASHINGTON Gas LIGHr
COMPANY AaE TENTH ST. Ny.
To the stoekhoIden

l.
Washington City, D. C., Sept. 6. 1910
To the Stockholders Il TIE Washington Gas Ligas
Company:
Notice is hereby given that special meeting O,
the stockholders q the Washington Gas Light Com
pany Is called by the board Of directors Of that
pany for. sad vii be held on. FRIDAY. the fCar-
tenth day If October 1910 al . ociock r. a. ths
principal Office Of the company. No as Tenth street
northwest, il the City q Washington D. 10
transact such business as may rr perry come betors
said meeting. and especially % consider ard ap-
prove Or Otherwise act upon the following Droposi-
tioHs5
Cl Shall the Washington Gas LiEht Company con.
time It's practice hitherto q declaring regular quar-
terry dividends 70 its stockholders from its net
ngE, ~ the rate Of % per ceDtum Ter aEuun upol
It's authorized capital Il SCI 00 Which caui-a-iZa-
ton vas made many years lgo. and does rot now
sdsqustely represent the fair value Of the property
q the company used b. i- f1r the benefit q tho
public under the provisions az che eOnpanys char
ter, and lis further practice ~ declallrg extra dT
cends from its undivided profits. a. zlal il il n.
ture distribute snang its stockholders. IN the pro
portions 10 which they respectively entitled the
let annual earnings q the company after deduCi-ng
trom Us gToss eaTuings all proper expenses Of ad.
ministrstion and q the conduct o. frs business aud
the sums Necessary 10 ray i1rersst upon IL bonds
and certificates Of icdehtednsss, together with an
amount sufficient 70 cover dEDTec.ati1n. n dTldeLds
10 an amount GpUroX--1tius PER cyntam upon
the fair value II The property used Lv the said
eonpany for the beue-t Of The public Il supplying
gas under its charter assuming that tie SAID I-;
earnings shall le sufficient % hastily said diTdendsY
% Shall the moneys needed annually for extern
slons Of the eompauy's mains and otheT expenses
generally classed as 'betterments' be paid cut q
the earnings q the eonPsny shah such moneys
hereafter be raised p hCnd issas ~ issues 81
cured By deed OF trust upon al Of The companys
property which Il is entitled 10 embrace n such
deed Of trust. said bonds to be sold fer not less
than par. and the proceeds thereof 10 be applied
extensively 20 said betterments!
80 Shall the company refund its outstanding bonds
4
pfoSlmaely $50 00G in round numbers and also is
outstanding dividend certificates of Indebtedness bear
ing per centum interest amounting 70 S26DU0.
which certificates a indebtedness payable at
the option Of the company by rev bond issue Sc
cured by deed Of trust upon all q the propeot tbs
company which It IS legally entitled 10 embrace IN
said deed o. trust said bonds 20 bear interest Il
the rate q per eeutum per annum. aud 70 be pay
able at such time OF times the said SPECIAL
meeting Of stockholders herenbef1Te called shall
determine upon. the contents OF the said bonds and
also Of the said deed Of trust 10 be approved By
meeting Of the directors Of the company subsequent
20 the said stockholders meeting but in aHy event
20 contain a stipulation waving the statutory PER
EOnal responsibility q each stakeholder fer the
payment Of the said bonds and expressly stipulatinz
that holders Of the said bonds shall rely only upon
the security embraced in the said deed Of trustf
Further. in the event that the said stockholders
meeting shall determine that future betterments
shall not be paid out Of the earnings, but shall b
financed by bond ISSUE shall the issue Of bonds
contemplated in this proposition be increased. and
If so. 10 shat amount for the purpose OF financing
said bettermeuts required n the future!
II II is not thought cXpedient 70 refund Inc said
issue Of So 600 Of dividend certificates Of indsbJ
edness in the next hereinbefofe provided.
shall the said total issue Of dividend certificates q
Indebtedness be paid with interest TO tbs date
Of payment by the proceeds Of the sale in OPEN
market. for not less than par, Of $3.50 Do Ct Us
said new bonds. or Of many q said boads -
may be required for the Eurpose?
II i be not thought eXpsdient 10 sell the ss!d
market. shall so many Of the stockholders Of tls
company al a gwen date as shall avail themselves
Of the privilege within a limited tine be entitled
70 subscribe and pay for the said bonds st their
face value, said privilege Of subscription and pay
ment 10 be proportional 70 the holdings Of the
spective ftockhodersi Shall said privilege next
heTeinbefoFe referred 10 apply also 20 50 much Of
said issue or issues Of bonds as shan be required
for financing bettementsf
All subordinate propositions embraced in and per
tnent 10 the said main propositions above stated
shall. TO the necessary extent. be considered and
acted upon By the said stockholders meeting.
According TO the charter and bylaws Of thu
Washington Gas Light Company only such stoekhold-
allowed 10 vote at any meeting Of the stock
holders shall have been holders Of thu certificates
Of stock Of the said company IN their own and
proper names for the period Of fourteen days pre-
vious 10 any stockholders meeting In order that
all stockholders may have opportunity 70 have
their stock thus registered in the books ot tbs
company. the stock transfer books Of The company
viii be closed at close OF business At p. n.
Thursday. the nth day q September 1910. ard
will remain closed until the close o. business st
p. m. on Friday the 18th day at October 1919:
and all holders Of stock aforesaid who shall 10
Eueh az the close Of business on said 29th dag Of
September. 1910 will be entitled 10 vote a. the
special meeting Of the stockholders hereby called
Tor Friday. the l4th day Of October. 1870
The polls will be onen from a o'clock N. until
O'Clock 2. N. Respectfully
BOARD or DIRECTORS or THE WASHING
TON GAS LIGHT COMPANY.
b WILLIAM g. ORME.
Secretary Washington Gas Light Company
eel2zs