Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-09-17
OFFICE OF THE
WASHINGTON GAS LIGHT COMPANY,


WASHINGTON GAS LIGHT COMPANY,
413-l7 10th st. NV. go
City e. s a'' Ga,
Li9ht Company:
Notice is hereby given that special meeting ting
Company is called BY the board OF directors OF
that for and viii 1a,S Be aeia on "c day
at the principal Office Of the company. No: 4l3
10th street northwest. in the city Of WashinE-
properly come before said meeting and especially
to consider and approve or otherwise act upon
the following propositions:
tn Shall the Washington Gas Light Company
continue Its practice hitherto OF declaring regu-
lar quarterly dividends to its stockholders from
its net earnings at the rate OF ten per centum
per annum upon its authorized capital OF
1880 600 which capitalization was made many
years and does not now adequately repre-
sent the fair value Of the property OK the com
under the provisions OF the company's charter
dends from its undivided profits; or shall 1t in
proportions to which they are respectively en-
titled. the net annual earnings Of the company
proper expenses Of administration and Of the
conduct OF its business and the sums necessary
Of Indebtedness. together with an amount SUN
cient TO cover depreciation. in dividends to an
,Ioun. apprS1m mat SIX per csnt1m upon the
company for the benefit Of the public in sup
plying gas under its charter. assuming that the
said net earnings shall be sufficient to justify
said dividends?
~ Shall the moneys needed annually for ex-
tensions OF the comuanys mains and other ex-
penses generally ciassed 'betterments'' be
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 is
entitled to embrace in such deed OF trust. said
bonds TO be sold for not less than par. and the
proceeds thereof to be applied exclusively to
said betterments?
%, Shall the company refund its outstanding
bonds now bearing four per ssnfn% ~ rGerd
pO1a a IT, andf
interest. amountins to 81 100000, wsich certin-
option OF the company. by new bond issue
secured by deed Of trust upon all Of the prop
to embrace in said deed OF trust. said bonds to
bear interest at the rate Of i've per centum per
times the said special meeting Of the stock
holders hereinbefore called shall determine upon,
eeid deed OF trust to be approved by meeting
Of the directors Of the company subsequent to
the contain ea n the In
personal responsibility OF each stakeholder for the
payment OF the said bonds and expressly stpu-
1ating that holders Of the said bonds shall rely
only upon the security embraced in the said
deed OF .rustl Further. in the event that the
future betterments shall not be paid ont Of
earIsngs. but shall be financed by q bond issue.
shall the issue of bonds contemplated In this
proposition be increased. and II to what
amount. for the purpose Of financing said bet
terments required in the near futurea
II 1t Is not thought expedient to refund the
said issue of 81 600 600 Of dividend certificates
Of Indebtedness in the manner next hereintefOre
certificates of Indebtedness be paid with interest
to the date OF payment by the proceeds or the
sale In open market. for not less than par. OF
81. 900. 600 Of the said new bonds. or OF so many
OF said bonds as may be required for the purpose?
II II be not thought expedlent to sell the said
81. coo. 600 face value Of the said bonds In open
market. shall so many Of the stockholders Of the
company at given date as shall avail them
selves OF the privilege within q limited time be
entitled to subscribe End pay for the said bonds
at their face value said privilege Of subscription
Of the respective stockholders? Shall said privi-
leee next hereinbefcre referred to apply also to
90 much OF said new issue or issues Of bonds as
shall be required for financing betterments?
pertinent to the said main propositions above
stated shall. to the necessary extent. I've consid
cred and acted upon by the said stockholders
meeting.
According to the charter and bylaws Of the
Washington Gas Light COMPANY. only such stock
holders allowed to vote at any meeting OF
the certificates of stock OF the Said company in
fheir own and proper names for the period OF
fourteen days previous to any stockholders
meeting. In order that all stockholders may
registered in the books Of the company the
stock transfer books of the company will be
closed at close OF business At 3 Pm on Thurs,
remain closed until the clos. Of business ct
pm. on Friday. the 14th day OF October. 1910;
and all holders Of stock as aforesaid who shall
day Of September. 1870 win be entitled to vote
at the special meeting OF the stockholders hereby
called for Friday. the 18th day Of October. 1910.
The polls will be open from II O'Clock m.
until O'Clock p.m.
Respectfully.
BOARD OF DIRECTORS OF THE WASHING
TON GAS LIGHT sy W THMfANfi 3. onME.
Secretary WASHINGTON Gas Light Company.