The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1916-07-10
CALL OF STOCKHOLDERS SOUTH.
ERN TRACTION COMPANY.
Dallas. rexas. july s. leie.

tiH lEN\ttth tNttttNu1 VIII Nv AttA
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. at 1890 o'clock a. m. for the
foiiowing purposes, to-wit:
| Whereas. Texas Electric Railway
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 Traction company. and pro-
poses to accomplish the same on July
AS. 1916, or after. upon terms sub
stantiaiiy in accordance with the vote
tof the stockholders Expressed and de-
.teimlutd on May "a. 1916, texcept
lceftaih amendments TO said terms re-
IlAting 40 the redemption Of prefer
red stock of Texas Electric Railway
and periods for payment OF dividends
lthereoD) 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 and deliver its first
and second preferred stock and COM
lmon stock as follows:
l First preferred stock OF Texas
Electric Railway of the par value OF
ISL. 100000 TO be placed in the treas
Jury OF the Texas Electric Railway
i (S900,000 par value thereof IL Is
proposed to use 10 purchase, acquire
Tor discharge the existing fioating in-
ldebtedness of Texas Traction COM
lpany and Southern Traction company
land 10 retire the 100000 face value
of outstanding second mortgage
bonds OF Southern Traction company
and the remaining S5o0.000 par
VALUE whereof to be used in the flu
lture from time 20 time to make bet
terments. improvements and extern
sions to the properties OF Texas Elec-
tric Railway
2. The second preferred stock of
Texas Electric Railway of the total
par value of $3.000,000 to be deliy-
cred, Isl 100000 par value thereof
To Texas Traction company. and 81
500, 900 par value thereof to South
lern Traction company, or offered
flor distribution among their respec-
Tive preferred stockholders at the
following ratio. namely: S120 par
value OF second preferred stock of
Texas Electric Railway for each 500
par value of preferred stock of Tex
las Traction company. and $107 zoe
lpar value OF second preferred stock
iof Texas Electric Railway for each
1900 par value preferred stock OF
jSouthern Traction company.
3. The common stock OF Texas
Electric Railway OF the total par
value OF $4,000, 600 to be delivered,
lt$2,000. 600 par value thereof to Tex
as Traction company, and $4,000
loco par value thereof TO Southern
Traction company, or offered FOR
20 their respective stock
lholuers az the following ratios, name
lily. 500 par value OF common stock
OF Texas Electric Railway for each
$500 par value OF the common stock
iof Texas Traction company. and $50
lpar value common stock or Texas
Electric Railway Tor each 500 par
lyalue OF common stock of Southern
Traction company.
And whereas, IL is proposed that
said Texas Electric Railway viii. up
on acquiring said properties, issue
Hts first and refundibs mortgage gold
bonds to the principal aggregate
amount Of S5.0O0,000 secured by
mortgage or deed OF trust, the same
or the proceeds thereof TO be used in
funding or discharging present out
standing bonds ol the Southern Trae-
ition company to the same principal
iamount, and will also execute a sec
f.n M mn O N
lcipal amount of 81 100000, the
same or the proceeds thereof to be
user in discharging bonds amounting
lin the aggregate to sl,o0O,000 OF the
lSouthern Traction company, both Of
said mortgages being subject to pres
ent outstanding mortgages or deeos
OF trust OF the Texas Traction com
ipany as far as the properties OF the
Texas Traction company are con
icerned.
And whereas, 1t is deemed advis-
able that a 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 10 take all necessary
faction in connection Herewith or in
tcident thereto deemed proper for the
denomination thereof.
Therefore. notice Is hereby given
THAT a special meeting of the stock
holders OF Southern Traction COM
lpany will be held as aforesaid at the
loffice OF said company on Tuesday
July is, 1916. at 1880 o'clock a.
m, for the purpose of considering
and taking action iii respect to the
matters above stated. This meeting
as above stated. is to be held pur-
suant 10 the call OF stockholders
holding more than one-fourth of the
leapital stock Of the company. which
leah is in the possession OF the I'M
ldersigned and contains a request
that the undersigned as secretary OF
1.-The company give this notice.
JAMES r. GRIFFIN,
ilAdy.D9S secretary.
| Notice. Water Consumers.