The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1917-01-26
Call for special Meeting 81 the
Stockholders
OITHERS TRACTION COMPANY
Dallas, Texas. Jan. fS 1917

| 3s@FsAt%@s = Fa2A2sssf 5dA, TO- tJAls
Pursuant 70 d call re-
quested By five directors OF the
Southern Traction company, q special
meeting Of the stockholders thereof
viii be held at the office Of said
onpany on The seventh floor on the
nterurban building. city OF DALLAS,
Dallas county, Texas, on Tuesday.
January 10. 1917, at two O'Clock n.
m, for the following purposes, to-
wit.
Whereas, Teas Electric Railway
has now been incorporated under the
Laws Of Texas, having and posses
sing the power and authority TO par
chase, acquire and take oyer the ply
steal properties, rights and fran
|chsses Of Texas Traction company
and OF Southern Traction company,
thereby affecting a consolidation or
merger Of said Texas Traction eotn-
pans and said Southern Traction
company upon terms substantially IN
accordance with the vote of the
expressed and detefDin-
ed ON July Is, 1915. and upon re-
Iceiying proper deeds and lasfrU-
iments OF conveyance and transfer
from the said Texas Traction com
|pany and Southern Traction COM
.rang, IN consideration thereof. viii
issue and deliver its first and sec
Iond preferred stock and common
stock as follows:
I. First preferred stock Of Texas
Electric Railway OF the par value OF
1.400,0 100000 will be placed IN the
treasury of the Texas Electric Rail-
way fsT00. 900 90 par value thereof
1T is proposed to use to purchase, ac-
gquire or discharge obligations OF the
Texas Traction company and the
Southern Traction company, and the
remaining s700.0g0ij, par value
thereof to be used In the future from
time to time to make betternaents.
improvements and extensions Of the
properties OF the Texas Electric Rail
way.
2. Tie second preferred stock OF
Texas Electric Hallway Of the total
par value Of $4,000, 100000 10 be de-
ivered Isl. 900,o0no 90 par value
hereof to Texas Traction company
and S1.S00. 100000 par value there
of to Southern Traction company .
or offered for distribution among
their respective preferred stocknoid-
lers at the following ratios, namely:
1920 90 par value OF second prefer
red stock Of Texas Electric Railway
for each S190.oe par value of pre-
ferred stock q Texas Traction cons
.pany. and sl0T-2ee par value Of sec
.cnd preferred stock Of Texas Electric
Railway for each $4,000 par value
Of preferred stock of Southern Trae-
ton company.
3. The common stock OF Texas
Electric Railway OF the total par
value of $4,000, oeo0e to be deliy-
cred $4,000 10000 par value thereof
to Texas Traction company. and ST.
coo 10000 par value thereof IN
Southern Traction company. or Of
tered for distribution 10 their re-
spactive common stockholders at the
following ratios. namely. 10000 par
value of common stock OF Texas Elec-
ltric Railway for each si000o par
alue az common stock OF Texas Trac-
ion company and 5000 par value
of common stock OF Texas Elee-
.trie Railway for each S1Q0.00 par
value Of common stock of Southern
Traction company.
And whereas, it is proposed that
said Texas Electric Railway viii, up
on acquiring said properties, issue
its first and refanding nortgage
golG bonds TO the principal aggre-
safe amount Of s4.SQ4 .aoo 90, seeur-
ed by mortgage or deed of trust on
its physical properties, rights and
franchises (subject TO present cut
standing MORTGAGES and deeds OF
trust 10 the OLD Colony Trust COM
pany. trustee. and also to Illinois
Trust and Savings bank and VIII
lam II Heukle. trustees, respective
ly). and also ii is proposed that Tex
as Electric Railway viii issue deben-
lures to the principal amount OF
$2,160.00 said bonds and de-
bentures, or the proceeds thereof g
be used in refunding or disenarg4ng
present outstanding bonds OF the
Southern Traction compan*, and al
in refunding or discharaing pres
emit outstanding gold notes Of the
Texas Traction company TO the prln-
ipal amount of SI0e, 10000,
And whereas. it is deemed adyis-
able that a special meeting Of the
toekh0lders {as well IS directors
each OF the companies interested
hall be held for the purpose Of con-
idering and taking all proper &C
ion in respect 10 the proposed con-
oNdation or merger of the Texas
Traction company and the southern
Traction company through and by
means OF the sale of all the physi-
al properties, rights and franchises
of each of said companies 70 the Tex
as Electric Railway, and to author
re or approve the same, and 70 take
ali necessary action in connection
herewith, or incident thereto. deem
led proper for the eonsummatloh
hereof
Therefore, notice is hereby given
that special meeting of the stock
holders OF the Southern Traction
company viii be held as aforesaid
sat the offiee of said company on the
lsoth day of January, 1917, at two
Io'cleek D. IN. for the purpose of con-
isidertng and taking action IN resneet
s.-4A,,.. ctfANNr STATED TINS