The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1916-07-13
CALL or STOCKHOLDERS SOUTH
ERN TRACTION COMPANY.

TRACTION company. special meet
Ing of the stockholders OF the South
lern Traction company will be held
at the office of said company on the
twelfth floor of the Southwestern
Life building. city of Dallas. Dallas
county. Texas, on Tuesday, July Is.
1916. az 1889 o'clock a, m. for the
Following purposes, to-wit;
Whereas. Texas Electric hallway
has now been Incorporated under the
laws of Texas, having and possessing
the power and authority TO purchase.
acquire and take over the physical
properties. rights and franchises OF
Texas Traction company and OF
Southern fraction company. and pro-
poses TO accomplish the same on July
rs, 1916. or after. upon terms sub
stantialiy in accordance with the vote
OF the stockholders expressed and de-
itermined on May "a. 1916, texcept
lcqrtain amendments 10 said terms re-
llating 10 the redemption OF prefer
red stock OF Texas Electric Railway
and periods for payment OF dividends
thereonl and upon receiving proper
jdeeds and instruments of convey
lance and transfer nom the SAID Tex
as Traction company and Southern
Traction company. in consideration
THEREOF To issue and deliver it's first
aad second preferred stock and COM
mon stock as follows:
i. rnst pi.ivned stock OF Texas
Electric haiiwas OF the par value OF
| 81 .4UO,VVV TO be paced Ia the treas
ury of the Texas Electric Railway
tS9u0,0Vv par value Thereon IL rs
proposed 10 use to purchase, acquire
or discharge the casting iloaul.g IN
dUpteun~ss Oh Texas traction com
pauy aud southern traction company
anu lO rellle the sbU0,V0v lace value
OF Outstanding second mortgage
bonds oil southern Traction company
land the remaining Vt.0Uu par
ivalue whereof to be used in the iu-
iturt from time to time 10 make bet
lterments, improvements and extern
,sions TO the properties OF Texas kiec-
ltrlc Railway
2. The second preferred stock of
Texas Electric Railway OF the totai
par value of S3.000,0v0 to be uelIy-
erred. tS1,2OO, 00o par value thereof
to Texas Traction company, and ST.
$685. 600 par value thereof to south
fern Traction company. or offered
for distribution among their respec-
tive preferred stockholders at the
following ratio, namely: $500 par
value oil second preferred stock OF
Texas Electsic Railway for each $500
par value OF preferred stock OF Tex
las Traction company. and sl0T.206
par value OF second preferred stock
lof Texas Electric Railway for each
s100 par value preferred stock OF
Southern Traction company.
8. The common stock OF Texas
Electric Railway oil the total par
value OF $4,000 900 to be delivered.
Itx2,u60,0 coo par value thereof to Tex
Jas Traction company, and $4,000
loco par value thereof to Southern
Traction company, or offered Tor
to their respective stock
holders az the following ratios, name
lily: $I00 par value of common stock
lof Texas Electric Railway FOR each
$500 par value of the common stock
lof Texas Traction company, and $50
par value common stock of Texas
Electric Railway tor each 500 par
value of common stock OF Southern
Traction company.
And whereas. 1t is proposed that
Isaid Texas Electric Hallway will, up
lon acquiring said properties, issue
ITS first and refunding mortgage gold
bonds to the principal aggregate
lamount of s5,000,000 secured by
mortgage or deed oil trust, the same
Tor the proceeds thereof to be used In
funding OF discharging present out
standing bonds oil the Southern Trac-
Ition company to the same principal
amount, and Will also execute a sec
lond refunaing mortgage to the prin-
Ecipal amount OF $1,00e,o00, the
lsame ,or the proceeds thereof to be
used in discharging bonds amounting
lin the aggregate to S1,O00,O0U OF the
Southern Traction company, both cf
Isaid mortgages being subject to pres
lent outstanding mortgages or deeos
Iof trust OF the Texas Traction com
lpany as far as the properties of the
Texas Traction company are con
Iceined.
And whereas, Ii is deemed advis-
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
action 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
Ieident thereto deemed proper for the
lconsummation thereof.
Therefore. notice is hereby given
that special meeting OF the stock
holders of Southern Traction COM
paay will DE held as aforesaid at the
office of said company on TUESDAY,
July Is, 1916. al 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 OF the company, which
call is In the possession of the un-
ldersigncd and contains request
that the undersigned IS secretary Of
the crte.napU tfNa This pntfra