The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1916-07-17
CALL on STOCKHOLDERS SOUTH
ERN TRACTION COMPANY.

tnolucfS notuiuS more tiiah ont-ioutth
of the capital stock of the Southern
Traction company. a special meet
ing OF the stockholders OF the South
fern 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. at 1880 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
ltAe 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
lis, 1915, or after, upon terms sub
lstantially in accordance with the vote
lof the stockholders expressed and de-
itermined on May "a, 1916, texcept
icertain amendments To said terms re-
llating to the redemption of prefer
red stock of Texas Electric Railway
and periods for payment of dividends
Ithereon) 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
mon stock as follows:
| /. First preferred stock of Texas
Electric Halfway of the par value OF
400. 600 to be placed In the treas
hurry OF the Texas Electric Railway
($90O, 900 par value thereof II IL
proposed to use to purchase, acquire
Tor discharge the existing floating In
ldebtedness OF Texas Traction COM
lpany and Southern Traction company
and TO retire the 100000 face value
inf outstanding second mortgage
bonds OF Southern Traction company
land the remaining 100000 par
lvalue whereof to be used in the flu
lture from time to time TO make BET
lterments, improvements and extern
sions to the properties OF Texas Elec-
ltric Railway.)
| 2. The second preferred stock of
lTexas Electric Railway of the total
lpar value of $3,000,000 to be deliv-
Tered, CS1,200,000 par value thereof
4
lSo0 900 par value thereof to South
fern Traction company, or Offered
for distribution among their respec-
TIVE preferred stockholders at the
following ratio, namely: $120 par
value of second preferred stock OF
Texas Electric Railway for each s1O0
lpar value of preferred stock of Tex
las Traction company, and $l07 .206
lpar value OF second preferred STOCK
lof Texas Electric Railway for eacs
1900 par value preferred stock OF
lSouthern Traction company.
| 8. The common stock of Texas
Electric Railway of the total pai
value of 100000 to be delivered
$4,000. 900 par value thereof to Tex.
as Traction company, and $4,000.r
loco par value thereof to Southern
Traction company, or offered foi
distribution to their respective stock
holders az the following ratios, name
liz. 500 par value of common stock
| of Texas Electric Railway for each
1900 par value of the common stock
of Texas Traction company, and $50
ipar value common stock OF Texas
Electric Railway for each 500 pal
iyalue of common stock OF southern
Traction company.
And whereas, it Is proposed that
said Texas Electric Railway will, up
lon acquiring said properties, issue
| Is first and refunding mortgage gold
bonds to the principal aggregate
IaInount of S5,000.000 secured by
mortgage or deed of trust, the same
Tor the proceeds thereof to be used in
funding or discharging present out
lstanding bonds OF the Southern Trac-
ltion company to the same principal
iamount, and will also execute a sec
lond refunaing mortgage to the prin-
Icipal amount Of $1,000, ZOO, the
same or the proceeds thereof to be
fused in discnarging bonds amounting
lin the aggregate to $l,0Oo,Oo0 OF the
ISouthern Traction company, both 81
lsaid mortgages being subject TO pres
lent outstanding mortgages or deeds
lof trust OF the Texas Traction com
lpany as far as the properties OF the
Texas Traction company are con-
lcerned.
And whereas. IL is deemed adyis-
liable that a special meeting OF the
stockholders of each OF the companies
interested shall be held for the pur-
lpose of considering and taking final
faction in respect 20 the said sale and
purchase and authorize or approve
1.-THE same. and to take all necessary
faction in connection Herewith or in
icident thereto deemed proper for the
lconsunmation thereof.
Therefore, notice Is hereby given
THAT special meeting OF the stock
holders Of Southern Traction com
Ipany will be held as aforesaid at the
loffice of said company on Tuesday
IJuly is, 1916, at 1890 O'Clock a
m. for the purpose OF considering
land taking action in respect TO The
matters above stated. This meeting
las above stated, is 10 be held pur-
Isuant 10 the call OF stockholders
holding more than one-fourth OF tho
lcapital stock of the company. which
lcan is in the possession OF the I'M
Idersigned and contains request
that the undersigned as secretary o.
the company give this notice.
JAMES r. GRIFFIN.
1htAdy.J9s Secretary.