The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1916-07-15
CALL Oh STOCKHOLDERS SOUTH
ERN TRACTION COMPANY.

holders holding more than one-fourth
,of the capital stock OF the Southern
Traction company. special meet
ling OF the ockholders Of the South
fern Traction company viii be held
lat the office of said company on the
Twelfth floor of the Southwestern
life building. city OF Dallas, Dallas
,county, Texas. on Tuesday. July is,
i1916, mt 1870 o'clock a. m. for the
following purposes, to-wit:
Whereas, Texas Electric Railway
has now been incorporated under the
laws of Texas. having and possessing
1.-THE power and authority TO purchase,
acquire and take over the physical
properties, rights and franchises of
Texas Traction company and Of
Southern Traction company, and pro
poses TO accomplish the same on July
Is. 1916, or after, upon terms sub
lstantially in accordance with the vote
OF the stockholders expressed and de-
ltermined on May "a, 1916. Except
,certaiE amendments TO said terms re-
lating to the redemption of prefer
red stock of Texas Electric Railway
land periods for payment of dividends
thereon) and upon receiving proper
deeds and instruments of convey
ance and transfer from the said Tex
as Traction company and Southern
Traction company, in consideration
thereof to issue and deliver It's first
land second preferred stock and COM
lmon stock as follows:
1 First preferred stock of Texas
Electric Railway of the par value OF
ISL, 400, 600 to be placed In the treas
Jury of the Texas Electric Railway
100000 par value thereof II Is
proposed to use to purchase, acquire
ior discharge the existing floating in
ldebtedness of Texas Traction com
lpany and Southern Traction company
land to retire the 100000 face value
,of outstanding second mortgage
bonds of Southern Traction company
land the remaining 100000 par
value whereof to be used In the flu
iture from time to time to make bet
lterments, improvements and extern
sions to the properties of Texas Elec-
jtric Railway
| q The second preferred stock OF
Texas Electric Railway OF the total
par value OF $3,000,o00 10 be deliv-
lered. (S1, 100000 par value thereof
Ito Texas Traction company, and ST.
1900, 600 par value thereof to South
ern Traction company, or offered
| for distribution among their respec-
Tive preferred stockholders at the
following ratio, namely: $500 par
jvalue of second preferred stock OF
Texas Electric Railway for each S10O
lpartyalue of preferred stock of Tex
as Traction company, and $i01.2Oc
ipar value OF second preferred stock
| of Texas Electric Railway for each
1900 par value preferred stock OF
lSouthern Traction company.
| g. The common stock OF Texas
| Electric Railway of the total PAT
ivaiue of $6,000,000 to be delivered
SO. 600, 900 par value thereof to Tex
las Traction company, and $4,000
1000 par value thereof to Southern
Traction company, or Offered foi
distribution to their respective stock.
holders at the following ratios, name
lly: 500 par value of common stock
Iof Texas Electric Railway for each
$500 par value of the common stock
of Texas Traction company, and $50
ipar value common stock OF Texas
Electric Railway Tor each 500 par
value of common stock of Southern
Traction company.
And whereas, Ii Is proposed that
said Texas Electric Railway Will, up
on acquiring said properties, issue
| Is first and refunding mortgage gold
bonds to the principal aggregate
Iamount OF $4,000 secured by
mortgage or deed of trust, the same
Tor the proceeds thereof to be used in
funding or discharging present OUT
lstanding bonds or the Southern Trac
ltion company to the same principal
amount, and will also execute sec
lond refunoing mortgage to the prin-
lcipal amount OF 100000, the
same or the proceeds thereof to be
fused in discharging bonds amounting
lin the aggregate to $4,000 600 of the
Southern Traction company. both Of
lsaid mortgages being subject to pres
Ient outstanding mortgages or deeos.
iof trust of the Texas Traction com
lpaay as far as the properties CT the
Texas Traction company are con
lcerned
And whereas, 1t is deemed adyis-
able that special meeting OF the
stockholders OF each of the companies
interested shall be held for the pur-
pose OF considering and taking final
faction in respect to the said sale and
purchase and authorize or approve
the same, and to take all necessary
action In connection Herewith or In
lcident thereto deemed proper for the
thereof.
Therefore. notice is hereby given
that a special meeting OF the stock
holders OF Southern Traction COM
lpany viii be held as aforesaid at the
ioffice OF said company on Tuesday,
July Is, 1916, at 1890 O'Clock "A.
m, for the purpose OF considering
and taking action in respect to the
matters above stated. This meeting.
MS above stated Is TO be held pur-
lsnant to the call OF stockholders
holding more than one-fourth OF the
leapital stock OF the company. which
call il in the possession OF the un-
ldersigned and contains q request
THAI the undersigned as secretary OF
1.-The company give this notice.
JAMES l.. GRIFFIN,