The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1916-07-11
CALL or sTUCKHoI.DERs SOUTH.
ERN TRACTION COMPANY.

Traction company. a special meet
iSg OF the stockholders of the South
lern Traction company will be held
81 the 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. m. for the
FOLLOWING purposes, to-wit:
Whereas. Texas Electric Railway
has nov been Incorporated under the
laws OF Texas, having and possessing
the power and authority TO purchase,
lacquire and take over the physical
properties, rights and franchises OF
Texas Traction company and OF
Southern Traction company. and pro-
poses 10 accomplish the same on July
us. 1916. or after, upon terms sub
stantially in accordance with the vote
OF the stockholders expressed asa dc
termined on May "a. 1916, Except
certain amendments 10 said terms re-
ilating TO tho redemption of prefer
red stock of Texas Electric Railway
and periods for payment OF dividends
thereonl 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
iand second preferred stock and COM
mon 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
4 tS900,000 par value thereof II is
proposed to use TO purchase, acquire
or discharge the existing floating IN
ldebtedness OF Texas Traction COM
Ipany and southern Traction COMPANY
and to retire the 100000 face value
of outstanding second mortgage
bonds OF Southern Traction company
ana the remaining 100000 par
lvalue whereof TO be used in the fu-
lture from time 10 time TO make bet
terments. improvements and extern
sions TO the properties of Texas Elec-
Itric Railway.)
! .. The second preferred stock of
Texas Electric Railway OF the total
par value OF $3,000,0o0 to be deliv-
cred, (S1,200,000 par value thereof
ito Texas Traction company and ST.
500, 600 par value thereof TO south
fern Traction company, or offered
flor distribution among their respec-
Tive preferred stockholders at the
following ratio, namely: $3.50 par
value of second preferred stock of
Texas Electric Railway for each $f0o
par value of preferred stock of Tex
las Traction company, aud s107 2eG
par value or second preferred stock
! OF Texas Electric Railway FOR each
500 par value preferred stock OF
jSouthern Traction company.
g. The common stock OF Texas
Electric Railway of the total par
value of $1,000, 600 to be delivered,
t$2, 900 par value thereof to Tex
as Traction company, and $4,000
loco par value thereof To Southern
Traction company, or ofh0lad for
distribution TO their respective stock
holders az the following ratios, name
ily: 500 par value of common stock
of Texas Electric Railway for each
$500 par value OF the common stock
OF Texas Traction company, and $50
par value common stock OF Texas
Electric Railway 1or each 500 par
value of common stock OF southern
Traction company.
And whereas, IL is proposed that
said TEXAS Electric Railway viii, up
on acquiring said properties, issue
its first and refunding mortgage gold
bonds to the principal aggregate
amount of $1,000, 900 secured by
mortgage or deed OF trust, the same
or the proceeds thereof TO be used in
funding OF discharging present out
lstanding bonds Of the Southern Trac-
ltion company to the same principal
iamount, and will also execute a sec
ond refunoing mortgage TO the prin-
lcipal amount of 1000, 900, the
same or the proceeds thereof to be
used in discharging bonds amounting
in the aggregate to s1,000,000 OF the
iSoutherp Traction company, both Of
lsaid Mortgages being subject to pres
ont outstanding mortgages or deeas
OF trust OF the Texas Traction com
lpany as far as the properties OF the
Texas Traction company are con
Icemed.
And whereas, it is deemed adyis-
able that special meeting OF the
OF each of the companies
interested shall be held for the puv
lpose OF considering and taking final
faction in respect TO the said sale and
purchase and authorize or approve
kDt Hdlltt tNN W tdft ak HttNscdAs
faction in connection Herewith or in
cident thereto deemed proper for the
iconsummation thereof.
Therefore, notice is hereby given
that a special meeting OF the stock
! holders OF Southern Traction coE-
lpany will be held as aforesaid at the
loffice OF said company on Tuesday,
July IS, 1916. at 1890 O'Clock a.
ma for the purpose OF considering
and taking action in respect to tho
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-
ldersigned and contains request
that the undersigned as secretary of
the company give this notice.
JAMES p.tGRIFFIN,
/ (Adv.)9S Secretary.
4