The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1917-01-24
Gall for Special Meeting Of the
Stockholders
SOUTHERN TRACTION COMPANY
Dallas. Texas. 1an. II. 1917.

'quested By five directors Of the
Southern Traction company, special
meeting Of The stockholders thereof
Will be held at the office Of said
Gmpany on the seventh floor OF the
Intarurban building. city Of Dallas,
Dallas county, Texas, ON Tuesday,
January 80, 1877, All two o'clock D.
m, for the following purposes, to-
wit:
Whef cas-, Texas Electric Railway
has now been Incorporated under the
laws OF Texas, having and possess
sing the power and authority Id pur-
chase. acquire and take over the ply
steal properties, rights and fran
lcil;ses of Texas Traction company
and Of Southern Traction company,
thereby affecting consolidation Or
merger OF said Texas Traction cora-
pany and said Southern Traction
company upon terms substantially In
accordance with the yote OF the
stockholders expressed and determin-
ed on July IS. 1915, and upon re-
iceiving proper deeds and instru-
menfs of conveyance and transfer
from the said Texas Traction com
ipany and Southern Traction CONF
tpang. In consideration thereof. viii
tissue and deliver its first and Sec
|ond preferred stock and common
stock as follows:
/ L. First preferred stock of Texas
Electric Railway of the par value Of
81 400. 0a0.9n will be placed in the
treasury of the Texas Electric Rail-
way lS7o0, 600 90 par gaiue thereof
il is proposed TO use 10 purchase. ae-
iaalrd On discharge obligations Of the
Texas Traction company and the
Southern Traction company, and the
remaining s700, 100000 par value
thereof to be used In the future from
time to time TO make betterrments,
/ 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. 08d.00 to be de-
ivered ts1,soh .aGeon par value
! hereof TO Texas Traction company
end $500, 10000 par value there
of to Southern Traction company
3Gr offered for distribution among
their respective preferred stock hold
iers at the following ratios. namely
$4,000 par value Of second prefer
red stock oil Texas Electric Railway
for each $4,000 par value of pre-
ferred staek OF Texas Traction com
ipany, and s10T 2A6 par value Of sec
end preferred stock OF Texas Electric
Railway for each s1a00G par value
of preferred stock Of Southern Trae-
ton company.
& = The common stock OF Texas
Electric Railway Of the total par
value OF $4,000 8e0uo to be 6eIfv-
erred S2.on0, as60f, par value thereof
10 Texas Traction company. and So
eco 10000 par value thereof to
Southern Traction company, or OF
tfered for distribution TO their re-
ispeetive common stockholders at the
following ratios. namely. $4,000 par
8Halue OF common stock of Texas Elec-
gtrie Railway fer each s1096a par
| aIue o. common stock Of Texas Trac-
Ition company and SSA.00 par value
iof common stock OF Texas Flee
itric Railway fer each s109.0a par
.yalge of common stock OF Southern
Traction company.
And whereas. 1t is proposed that
isaid Texas Electric Railway viii. up
ion acquiring said properties issue
It's first and refunding mortgage
tgold bonds to the principal aggre-
gate amount of s4,SR4 ,0oa.oe, seeur-
led by mortgage or deed ef trust on
Its pbs steal properties, rights and
franchises tsubjeet 70 present out
standing mortgages and deeds OF
trust to the OLA Colony Trust COM
4pang, trustee. and also 70 Illinois
Trust ana Savings bank and VIII
lam Fl. Hcnk]e. trustees. respective
iiy) and also it is proposed that Tex
las Electric Railway Will issue Ceben-
lures 10 the principal amount os
f$2.160, coo 10. said bonds and de-
4bcntures, or the proceeds thereof, 70
he used in rofundjng or diseharglng
present outstanding bonds OF the
Southern Traction company, and al
Rsa in refuudlng or diseharging pres
IeRt outstanding sold notss OF tae
Texas Traction company to the pfin~
| ipal amount OF S70o.oe0.oa
And whereas. Ii is deemed adVts-
liable that a special meeting OF the
/, toekholders tas We'll IS direetors1
| I each OF the COMPANIES Interested
hail be held for the purpose OF con-
! ideging and taking all proper ae-
/ ion in respect to the proposed con
Oxidation OF merger o. The Texas
Traction company and the Southern
Traction company through and by
means of the sale OF all the physi-
I al properties, rights and franchises
lof each of said companies to the Tex
as Electric Railway, and 10 author
/ re on approve the same, and to take
all necessary action h connection
Herewith. or Incident thereto, DEEM
Cd proper for the contamination
hereof,
Therefore, notice is hereby given
THAT a special meeting OF the stock
holders of the Southern Traction
company win be held as aforesaid
Tat the office OF said company on the
lS0th day of January. 1877, AT two
O'Clock p. M. for the purpose OF coii-
tsidering aud taking action in respect
ito the matters above stated. This
injecting. as above stated, Is 70 be
held pursuant TO the call of five dt-
l.,.,,st r,,,s nf rho Sny4fhRru Traction