The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1916-07-12
CALL or STOCKHOLDERS SOUTH.
ERN TENt TfDN COMPANY
naIlas. Texas. jay s. l9le.

Traction company. a special meet
ing OF the stockholders IL the south
ern Traction company viii be held
at tue office OF said company on the
twelfth floor of the Southwestern
Life building. city of Dallas. Dallas
county. Texas. on Tuesday. July Is.
1915. at 1880 o'clock a. IN. for the
following purposes. to-vit:
Whereas. Texas Electric Railway
has nov been incorporated under the
laws of Texas, having and possessing
the power and authority 10 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. 1915, or alter. upon terms sub
lstantially in accordance With the vote
of The stockholders expressed and de-
ltegmined on May ~, lgl6. Except
certain amendments TO said terms re-
lating To the redemption of prefer
red stock OF Texas Electric Railway
land periods for payment of dividends
lthereon) and upon receiving proper
deeds and instruments of convey
lance and transfer from the said Tex
las Traction company and southern
Traction company, In consideration
thereof TO issue aud deliver its first
land second preferred stock and COM
mon stock as follows:
/. First preferred stock of Texas
Electric Railway of the par value OF
81 100000 to be placed in the treas
ury of the Texas Electric Railway
tS900,000 par value thereof II Is
proposed to use TO purchase. acquire
Tor discharge the existing floating In
ldebtedness OF Texas Traction CON-
pany and Southern Traction company
land to retire ths 100000 face.value
Iof outstanding second mortgage
bonds of Southern Traction company
and the remaining 100000 par
value whereof to be used in the flu
|ture from time to time 10 make bet
terments, improvements and extern
Bions to the properties of Texas Elec-
trio Railway.)
2. The second preferred stock of
Texas Electric Railway of the total
par value OF $3.000,000 to be deliy-
Iered, Isl, 100000 par value thereof
to Texas Traction company, and ST.
100000 par value thereof to South
fern Traction company, or offered
for distribution among their respec-
tive preferred stockholders at the
Following ratio, namely: $40 par
value of second preferred stock OF
Texas Electric Railway for each S10o
par value of preferred stock of Tex
Jas Traction company, and SlOI. 20G
par value o. second preferred stock
Iof Texas Electric Railway for each
$500 par value preferred stock OF
|Sotuhefn Traction company.
g. The common stock of Texas
Electric Railway of the total par
value of $6,0o0,0o0 to be delivered,
l$2, 100000 par value thereof 10 Tex
las Traction company, and $4,000
geo par value thereof to Southern
Traction company, or offered for
10 their respective stock
holders al the following ratios, name
ly. 500 par value of common stock
of Texas Electric Railway for each
800 par value of the common stock
of Texas Traction company, and $50
par value common stock of Texas
Electric Railway for each 500 par
value of common stock OF Southern
Traction company,
said Texas Electric Railway will, up
on acquiring said properties. issue
its first and refundit mortgage gold
bonds 10 the principal aggregate
amount of 100000 secured by
OF deed OF trust, the same
or the proceeds thereof to be used In
funding or discharging present out
standing bonds of the Southern Trac-
ton company to the same principal
amount. and will also execute a sec
ond refunding mortgage to the prin-
cipal amount of 100000 the
same or the proceeds thereof to be
used in discharging bonds amounting
in the aggregate to $1,000 ,000 OF the
Southern Traction company, both 81
said mortgages being subject to pres
ent outstanding mortgages or deeos
of trust OF the Texas Traction com
pany as far as the properties of the
Texas Traction company are con-
cerned.
And whereas. it is deemed advis-
able that special meeting OF the
of each OF, the companies
interested shall be held for the pur-
pose OF considering and taking final
action in respect to the said sale and
purchase and authorize or approve
the same, and 10 take all necessary
action in connection Herewith or in
cident thereto deemed proper fos the
eonsummation thereof.
Therefore, notice is hereby given
that a special meeting of the stock
holders of Southern Traction COM
pany will be held az aforesaid at the
office Of said company on Tuesday,
July Is, 1916, az 1890 o'clock a.
m. for the purpose OF considering
and taking action in respect TO the
matters above stated. This meeting,
as above stated. is to be held pur-
suant TO the call OF stockholders
holding more than one-fourth OF the
capital stock oil the company. which
cali is in the possession OF the un-
Idersigned and contains request
that the undersigned as secretary of
the company give this notice
JAMES +. GRIFFIN,
lAdy)9S Secretary.