Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-10-06
OFFICE OF TIE
WASHINGTON GAS LIGHT COMPANY,
412-l7 10Th ST NV.

413-l7 10th st. NV.
Washington CITY, D. c.. September 6. 1910.
10 the Stockholders Of the Washington Gas
Ligh: COMPANY:
Of the stockholders Of the Washington Gas Light
Company Is called nv the board Of directors OF
she lsth daE Of October is,o at e p O'clock
At the principal office Of the company, No. 4l3
tom % IN sn es f BUSINESS as
properly come before said meeting. and especially
to consider and apnrove or otherwise act upon
Nv Shall the Washington Gas Light Company
continue its practice hitherto Of declaring resu,
isr quarterly dividends to its stockholders from
It's net earnings. at the rate of ten per centuni
Isr annum mon its authorized capital Of
years ago. and does not adequately repre-
sent the fair value Of the property OF the com.
under the provisions of the companys charter.
and its further practice of declaring extra divl-
future distribute among its stockholders. in the
PROPORTIONS to which they are respectively en-
after deducting from its gross earnings all
pro2er EXPENSES of administration and of the
To- pay interest upon its bonds and certificates
81 Indebtedness. together with an amount sum
amount approximating six per centum upon the
fair value Of the Dropertv used by the SAID
rvinc gas under Its charter. assuming that the
said net earnings shall be sufficient to JUSTIFY
-, Shall the moneys needed annually for ex-
tensions Of the commands mains and other eS,
rrnSes generally claSsed 'betterments De
paid out of the earnings of the company. or
shall such moneys hereafter he raised by
bond issue or issues secured by deed OF trust
upon all of the companys property which 1t ts
entitled to embrace n such deed Of trust. said
bonds to he sold for cot less than par. and the
proceeds thereof TO be applied exclusively TO
said hetterments?
fsl Shall the company refund its outstanding
smountins 10 eaTnT % in round
numbers. and also its outstanding dividend certih-
ef which
Gates Of Indebtedness are now payable at the
secured " deed Of trust upon. all of the prop:
erty ~ the company which It Is legally entitled
hear interest at the rate Of FIVE per centum per
annum and to be PAYABLE at such time or
holders hereinbetore called shall determine upon.
the contents of the said bonds and also OF the
81 the Of % the
the said stockholders meeting but In any event
n os r
payment Of the said bonds. and expressly stipn-
ia,ine that holders Of the said bonds shall rely
de.d Of trust, Further: in the event that -, the
earnings. but shall he financed by a bond Issue
shall the issue of bonds contemplated in this
tcrmsnt. REQUIRED in the the near futurei' saw
..id issue Of s. 500 600 Of dividend certinc.tes
o. Indebtedness In the manner next hereinhefore
certificates Of Indebtedness be paid with Interest
10 the date Of payment by the proceeds Of the
sale IN open market. for not less than par. OF
50 soo 900 Of the said new bonds. or Of so many
Of said bonds as may be required for the purpose
II II he not thought expedient to sell the said
- 900 600 face value Of the said bonds In open
market. shall so many of the STOCKHOLDERS OF the
company at a given date rs shall avail them
entitled to subscribe and pay for the said bonds
At their face value. said privilege Of substitution
and paymekt TO he unconditional to the holdings
81 the resnectire stockholders? Shall said privi-
50 much Of said new Issue or issues CT bonds as
shall he required for financing betterments?
All subordinate PROPOSITIONS embraced in and
pertinent TO the said main propositions above
cred and acted upon by the said stockholders
meeting
According to the charter and bylaws OF the
Washington Gas Light Company only such stock
tho stockholders shall have been holders Of
tho certificates Of stock Of the said company in
their own and proner names for the period Of
fourteen DAYS previous TO any stockholders
have opportunitv TO have their stock thus
registered IN the hooks of the company the
stock transfer books OF the company Will be
closed at close Of business at pm. Thurs
dav. the Goth dav Of September. 1910. and viii
remain closed until the clos, Of business at 3
pm. on Friday. the 18th day of October. 1910:
and all holders OF stock aforesaid who shall
~ such at the close OF business on said 10Th
a. the special meeting Of the stockholders hereby
called for Friday the 18th day OF October. 1910.
The polls will he open from IL O'Clock m.
Until O'Clock
Respectfully.
BOARD OF DIRECTORS OF THE WASHING
TON GAS LIGHT COMPANY.
Rv WILLIAM r. ORMB
Secretary Washington Gas Light Company.