The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1917-01-23
Gali for special Meeting Of the
Stockholders
SOL THERN TgAcTiON COMPANY
Dallas. Texaa IAN ~ 1917

4
/ Pursuant 10 a cali re-
qneated by five directors of the
Southern Traction company, d special
meeting Of the stockholders thereof
will be held at the office OF said
company On the seventh floor Cg the
sInfer1rban building, city cf Dallas,
Dallas county, Texas. on TneSaay
January 10. 1917, at tao o.elock p
! m. FOR the following purpose, to-
wit:
/ Whereas, Texas Electric Railway
has now been Incorporated andar Inc
laws Of Texas. having and posses
sins the power and authority 10 pssF-
chase, acquire end tale ayeF the phy-
steal properties. rights and franz
chsses Of Texas Traction company
and Of Southern Traction company.
thereby affecting consolidation oil
merger of aatd Texas Tfae1soa ceFls-
pang and said Southern Traction
com paay upon terms substantially IL
accordance Nita the gate of the
stockholders expressed and SaetaFHlSf-
ed On July IS. 1916, and upon ee-
eefylng proper deesss and 5natra-
ments of conveyance ard transfer
from the said Texas 3raetlen eora-
paay and Southern Traction eaTr-
3rany, in consideration thereof. viii
issue and deliver is first and see
8ond preferred stock and common
stock as follows:
l. First preferred STOCK OF Texas
Electric Railway Of the par value CT
#$1,490, 10000 will be placed IN the
treasury OF the Texas Electric Rail-
way fs7oo. 600 90 par value thereof
1T lis proposed To use to purchase. ae-
1quIre or discharge obligations 81 the
Texas Traction company aud the
Southern Traction company, and the
remaining 500, 090Ua par value
thereof to be used in the future from
time to time to make betterments,
improvements and extensions OF the
properties OF the Texas Electric Rail-
way.
2. The second preferred stock OF
Texas Electric Railway OF the total
PAR value OF $4,000. 10000 TO be de-
i ivered ts1,2oa ,ega.0a par value
I hereof To Texas Traction company
and si,S0o 10000 par value there
of to Southern Traction company !.
ior offered for distribution among
their respective preferred stoekhold-
3eIs at the following ratios. namely:
$4,000 par value of second prefer
}red stock Of Texas Electric Railway
for each 500. 90 par value of pre-
iferred stock Of Texas Traction conn
pany, and s1a7.20e par value Of sec
ond preferred stock OF Texas Electric
Railway for each $4,000 par value
of preferred stock OF Southern Trac-
ton company.
I 3. The common stock OF Texas
Electric Railway OF the total par
value of So ,00a. 0no 90 TO be delly-
cred S2,00G,on0e0 par value thereof
to Texas Traction company. and ST.
ia00 10000 par yalae thereof to
Southern Traction company. or Of
tered for distribution to their re-
spectiye common stockholders at the
following ratios, namely: Si04.99 par
'|yalue OF common stock of Texas Elee-
ttric Railway for each sI6a 40 rar
2Iue of common stock ol Texas Trac-
ton company and $4,000 par value
of common stock OF Texas Elec-
trio Railway for each Sfe9o9 par
value o. common stock of Southern
Traction company.
And whereas. it is proposed that
lsaid Texas Electric Railway will. up
ION acquiring said properties, issue
Its IiTst and refaudlug mortgage
taold bonds to the principal aggre-
gate amount OF S4804 ,ne9.e0. seeup-
led by mortgage or deed IF trust on
lis physical properties, rights and
franchises fsub5eet to present out-
standing spor&s& Ses sna deeds Of
TRUST to the Ole Colony Trust cons
lrany. trustee, and aiso TO Illinois
Trust and Savings bank and wiz
lam n HeHkIe, trustees, respective
Ay) and also il is proposed that Tex
las Electric Railway VIII issue fleeeE-
lures To the principal amount OF
E$2, 160.e00.Qo. said bonds aud de-
ihentuFes. or the proceeds thereof, TO
lbe used in reminding or aischarging
present outstanding bonds q the
Southern Traction ecnrany, and al
- Ia refunding o. &iscaagg5n5 pres
lent outstanding gold 1otes al tAe
Texas Traction COMPANY "a tha pr5n-
ipal amount a. S7A9,0ee.ea,
! And wheraas, it Is deemed adyis~
|ahle tbat special meeting OF the
1 toehholders tas NS.l as directors
each o. tile comp 3nsos Interested
hall be held for the purpose of eca-
ideriag and taking SD proper &c
! ioN ia respect to the PROPOSED ecn-
! oxidation or merger OF the Texas
Traction company and the Southern
Traction company through and 10y
imeans of the sale of all the physi-
i al properties. rights and franchises
iof each OF soid companies to the Tex
as Electric Railway, and 10 author
It er approYe The same, and to take
ian necessary action iii connection
Herewith, OF incident thereto, deem
Ell proper for the contamination
thereof
| Therefore, notice is heraoy given
that 4 special meeting of the stock
holders Of the Southern Traction
company viii be held as aforesaid
Int the office OF said company on the
ES0th day of January. l9l7. at Two
lo'eloek y. M for the purpose OF con-
lsiaering and taking action in respect
10 the matters above stated, This
rbA,va eFnfg{s NA