The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1916-07-08

lfpsifth floor % the south Sesieri
llsfr building city 81 Dallas. DALAI
leounfy. Texa4. on Tuesday, Jub -
,s1sg. :: le.za c'einck NJ. fof m
;;isIss@ias s@fpoesss- wit
Hi5ssras. Texas E-iectrlc hAiis a.
las =cA l,@.n Incorporated under th'
llsws OF Tcxas. hsTink ann possessIni
ifhe poWef ana authority 10 purchase.
acquire and take over The phffica
iprorerties. rights and franchises I"
Texas Traction company aud o.
setuthern Tr,ctios company. ard pro
poses 10 accomplish the same on Juiy
las. 1916. or asteI. ul,or terms SUB
stanffaiIy Va accordance with the vote
lof the stoekhoiaeIs expressed and de.
llerniined on bay -. 1915, texeepl
ceftain 1mendmeDts 10 said terms re-
llating 10 the redemption OF prefer
fred stock oS Texas Electric Hallway
and periods for payment OF dividends
,fhsfeou) and upon receiving proper
deeds and Instruments OF convey
lanee and transfer from the said Tex
lss Traction company and southern
Traction company. ia consideration
thereof TO issue and deliver its hrst
land second preferred stock and COM
Imon stock as follows.
Il. First preferred stock OF Texas
Electric Hallway OF the par value OF
81 .4ea.oe 20 be placed In the treas
lors OF the Texas Electric Railway
1880 600 par value thereof Il ~
Iluoposed to use 10 purchase, acquire
Tor discharge the existing floating In
ldeluednoss of Texas Traction com
lpany and Southern Traction company
,and TO retire the $500. 600 face value
Iof Dufstandink second mortgage
bonds OF southern Traction company
and the remaining $500, coo par
value whereof 70 be used In the fu-
lsurc from time TO time TO make bet
Itermente. improvements and extern
|Hions 20 tho properties Of Texas kiec-
Uric Railway
2. The aecond preferred stock OF
Texas Electric Railway OF the total
par value Of s3,000.eV0 20 be deliv-
cred, fsl 200. 900 par value thereon
Ito Texas Traction company, and sl,-
500 900 par value thereof TO South
ern Traction company. or offered
for distribution among their respec-
tive preferred stockholders at the
following ratio, namely; s12o par
value OF second preferred stock OF
Texas Electric Railway for each 800
par value OF preferred stock OF Tex
as Traction company, and $i07 zoo
par value OF second preferred stock
OF Texas Electric Railway for each
800 par value preferred stock OF
Southern Traction company
3. The common stock OF Texas
Electric Railway OF the total par
value Of $4,000, 900 to be delivered,
.fsg,o06,D0 par value thereof to Tex
"a Traction company. and $4,000
COG par value thereof to Southern
Traction company, or offered for
distribution to their respective stock
holders az the following ratios, name
~. 800 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 Tor each S1o0 par
value OF cpumon stock OF Southern
Traction company.
And whereas, IL is proposed that
said Texas Electric Railway will, up
on acquiring said properties, issue
IFS first and refuudink mortgage gold
bonds to the principal aggregate
amount OF $1,000, 0ee secured by
mortgage or deed OF trust, the same
lhe proceeds thereof TO be used In
funding or discharging present out
standing bonds OF the Southern Trac-
tion company to the same principal
amount. and will also execute u svc-
.1Fx .fnx~ mn n A. n the Hrfp-
cipal amount of $1,000. 600, the
same or the proceeds thereof to be
used In discharging bonds amounting
lin The aggregate to : 1.o0V.eo0 OF the
Southern Fraction company. both CT
said mortgages being subject to pres
emit outstanding mortgages or deeas
of trust OF the Texas Traction com
pany as far as the properties OF the
Texas Traction company are con-
celned.
And whereas, Ii Is deemed adyis-
able that a 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 10 the said sale and
purchase and authorize OF approve
the same, and to take all necessary
action In connection herewith or in
ciaent thereto deemed proper for the
thereof
Thereforc. notice IS hereby given
that 4 special meeting Of the stock
holders of southern Traction CONF
pany will BIZ held as aforesaid at the
office OF said company on Tuesday.
Jely Is. lalt. az 1880 o'clock a..
M. for the purpose of considering
ana takins action, in respect 10 the
matters above stated. This meeting,
as above stated. is TO be held pur-
susnt TO the call OF stockholders
holding moro than one-fourth Of the
capital stock OF the company, which
eSll is In the possession OF the uns
dersignod and contains request
that the undersigned MS secretary OF
the company give this notice
JAMES r. GRIFFIN.
(Adyf aS Secretary