Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-09-19

OFFICE OF THE
WASHINGTON GAS LIGHT COMPANY,

41S-17 10th ST. NV.
Washington City. D. c.. September 6. 1910.
To the Stockholders of the Washington Gas
Light COmnany:
of the stockholders Of the Washington Gas Light
Company is called by the board OF directors OF
the 14th day Of October. 1910. at e IL O'clock n.y.
at the principal office OF the company. No: 413
io seet OF IN ,ns city Sy,n OF "s'nn sE
properly come before said meeting and especially
to consider and approve or otherwise act upon
the following propositions:
III Shall the Washington Gas Light Company
contiaue its practice hitherto Of declaring regu-
l.r quarterly dividends to its stockholders from
its net earnings. at the rate OF ten per centum
per annum upon it's 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 company's charter,
and its. further practice Of declaring extra dvi
future distribute among it's stockholders in the
proportions to which they are respectively en-
after deducting from its gross earnings all
proper exDenses Of administration and Of the
to pay interest upon its bonds ard certificates
OF Indebtedness. together with amount snf1-
amount experimenting six per centum upon the
fair value OF the property used by the said
plying gas under its charter. assuming that the
said net earnings shall be SUFFICIENT to justify
e, Shall the moneys needed annually for
tensions Of the companys mains and other e1-
penses generally classed as betterments oe
paid out of the earnings of the company. or
shall such moneys hereafter be raised by
bond issue or issues secured by deed Of trust
upon all OF the company's property which 1t rs
entitled to embrace in such deed OF trust. said
bonds to be sold for not les. than par. and the
proceeds thereof to be applied exclusively to
IS, Shall the company refund its outstanding
amounting to approximately ' $500 600 in round
numbers. and also its outstanding dividend certif-
o ssaDs which esT
Gates Of Indebtedness now payable at the
secured by deed of trust upon all of the prop
erty OF the company which 1t Is legally entitled
to embrace in said deed Of trust said bonds to
bear interest at the rate Of five per centum per
annum. and to be PAYABLE at such time or
holders hereinbefore called shall determine upon.
the contents of the said bonds and also Of the
said deed OF trust to be approved by meeting
the said stockholders meeting. but in any event
to contain stimulation waving the statutory
personal responsibility Of each stakeholder for the
payment Of the said bonds and expressly stipu-
iatins that holders of the said bonds shall rely
said stocEholders meeting shall determine that
earnings but ahaii be financed By pi bond ISSUE
shall the Issue of bonds contemplated In this
amount for the purpose of hnsneins said bet
tefments REQUIRED in the near future?
said Issue Of 100000 Of dividend certificates
OF Indebtedness In the manner next hereineefore
PROVIDED. Snail the s4ld total Issue OF DIVIDEND
certificates Of Indebtedness be paid with interest
to the date Of payment By the proceeds OF the
sale In open market. for not less than par. OF
81. 600.O 900 Of the said new. bonds or Of 50 many
of said bonds as may be required for the purpose?
II It be not thought expedjent to sell the said
market. shall 50 many Of the stockholders Of the
COMPANY at q given date shall avail them
selves Of the privilege within limited time be
entitled to subscribe and pay for the said bonds
at their face value. said privilege of subscription
and payment to be proportional to the holdings
Of the respective stockholders? Shall said privi-
1eEe next hereinbefore referred TO apply also to
so much Of said new issue or issues of bonds as
shah be reduirsd for financing betterments?
All subordinate propositions embraced In and
pertinent to the said main propositions above
stated shall. to the necessary extent, be cons1d
cred snd acted upon By the said stockholders
meeting.
According to the charter and bylaws Of the
Washington Gas Light Company. only such stock
holders are allowed to vote at any meeting Of
the stockholders shall have been holders Of
the certificates OF stock OF the said company in
their own and proper names for the period Of
meeting. In order that all stockholders may
have opportunity to have their stock thus
reRistefed in the books Of the company the
STOCK transfer books Of the company VIII be
day. the 10Th day Of September 1910, and will
remain closed until the close Of business at 3
pm. @ Friday. the 18th day Of October 1910;
and al holders Of stock as aforesaid who shall
day q September. 1910 will be entitled to vote
at tAs special meeting Of the stockholders hereby
called for Friday. the 18th day Of October. 1910
The polls Will be open from IL O'Clock m.
until O'Clock p.m.
BOARD OF DTREcToRs OF THE WASHING
TON GAS LIGHT COMPANY.
By WILLIAM B. ORMR.