Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-10-02
OFFICE OF THE
WASHINGTON GAS LIGHT COMPANY.


Washington City. d. c.. September 9. 1910.
To the Stockholders of the Washington Gas
Notice is hereby given that special meeting
~ the stockholders OF the Washington Gas Light
COMPANY is called by the board OF dsec r1s, OF
the 14th day Of October. 1910. at IL O'Clock m
at the principal office of the company. No 413
10th street northwest. in the city OF Washing
ton. D. C.. to transact such business as may
properly come before said meeting. and especially
10 consider and approve or otherwise act upon
tD, Shall the Washington Gas Light Company
continue its practice hitherto of declaring resu-
lar quarterly dividends TO it's stockholders from
its net earnings. at the rate of ten per centum
per anDum upon its authorized capital OF
81 600 0O0 which capitalization was made many
years and does not now adequately repre-
pnny ms used BY it for the benefit Of the public
under the provisions of the company's charter
bends dem from ol'i IT'S Undivided PROFITS or shall It in
future distribute among Its stockholders. In the
PROPORTIONS to which they are respectively en-
titled the net annual earnings of the company
after deductiDg from its gross earnings all
prayer expenses of administration and of the
conduct of its business and the sums necessary
to pay interest upon its bonds and certificates
of Indebtedness. together with an amount sufti-
cfent to cover depreciation. in dividends TO an
amount approximatinG 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
q, Shall the moneys needed annually for ex-
tensions OF the companys mains and oIter e he
paid out of the earnings of the company. or
shall such moneys hereafter he raised by
upon upon ali Of the s sompany srg property Which it
entitled to embrace l. such deed OF trust. said
proceeds thereof to be applied exclusively to
said betterments?
%, Shall the company refund its outstandins
bonds now bearing fOur centum interest
amounting to approximately 100000 In round
numbers and also its outstanding dividend certin-
Gates OF Indebtedness hearing six per centum
interest. amounting to s2Goo000 which certih
Gates Of Indebtedness are now payable at the
secured by deed Of trust upon all of the prop
erty Of 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 hereinbefore called shall determine upon.
fhe contents OF the said bonds and also Of the
Of the directors Of the company subsequent to
atie said stockholders meeting. but In any event
20 contain a Stimulation waving the statutory
personal responsibility of each stakeholder for the
payment Of the said bonds. and expressly stipu-
only upon the security embraced in the said
deed Of trust? Further in the event that .. the
future /. betterunents shall not be paid ont Of
earnings. but shall he financed by n bond issue
proposition be increased. and If so to what
amount. for the purpose Of financing said bet
terments REQUIRED in the near future7
said issue of 81 GOO 900 OF dividend certificates
of indebtedness in the manner next hereinbefore
provided. shall the said total issue Of dividend
certificates OF Indebtedness be paid with interes.
10 the date Of payment by the proceeds of the
sale In open market. for not less than par, OF
81, coo. 900 Of the said new bonds. or of so MANY
OF said bonds as NAV be required for the purposei
n II be rot thought expedent to sell the said
81. 600 900 face value Of the said bonds In open
market. shall many Of the stockholders of the
COMPANY at 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 payme6t to be proportional to the holdings
Of the respective stockholders; Shall said priv
so much Of said new Issue or issues Of bonds as
shall be REQUIRED for financing betterments1
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
the stockholders shall have been holders o.
the certificates Of stock Of the said company In
their own and proper names for the period Of
fourteen DAYS previous to any stockholders
have opportunity to have their stock thus
registered in the books Of the company the
stock transfer books of the company Will be
closed at close OF business at pm. on Thurs
remain closed until the close of business at 8
pm. on Friday the 18th day OF October 1910:
and all holders of stock as aforesaid who shall
he such at the close of business on said 10Th
day Of September. 1910 will be entitled to vote
at the special meeting Of the stockholders hereby
called for Friday. the 14th day Of October, 1910
The polls viii be open from IL O'Clock m
until I O'Clock DIN.
Respectfully.
BOARD OF DIRECTORS OF THE WASHING
TON GAS LIGHT COMPANY.
By WILLIAM B. ORME
Secretary Washington Gas Light Company.