The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1917-01-22
II AAABA1nlE DAILY LIGHT MONDAY lAauARy Z ~
s.aiI far ~sseeEas Meeting ef inc
s,tsrsiseistesr
SOUTHERN TRACTION COMPANY
dallas. geSaa. 'an- IS III

4 iks34ktt~s sFAsffAt tftfsAH
rarsuaat 20 q call -
luuasted by tive directors q ~
southern Traction eeslaaaS special
meeting OF the stockholders tFN ees
8w.li he held az tAe osfice ~ saia
company on the seventh Iiaof g lae
lnterafl5aa building. ciiy OF liaitsta'
tl1aIsas county. Texas, ef letas'ssss
January 30. 1af9. az two o'clock Y.
m. for the following pufpaseas III
+ Wit.
I whereas. Texas Electric Halfway
has aow been Incorporated under si4s
lava ol Texas, having ana Nosses
sinss the yla#er and authority ~ lt1f
chase, acquire and take OYER the l3ay7
steal properties, rights and l4a1-
3chses OF TeNas Traction company
and of southern Traction company
thereby affecting a consolidation g
merger OF said Texas Traction eotsf
spany and said Southern Ifaetae4t
company upon terms Substantially ~
accordance with the vote Oh ihs
Stockholders expressed ard deteFHlisa
cd on july r., laf6. ard anon re-
8eeiying proper deeds and tIistfa-
Emenfs anf conveyance and transfer
iron the said Texas Traction com
{pafsy and Southern Traction eorn-
tpany. III consideration thereof, VIII
.ss4a ana deliver It's flfs{ aud SEE
end preferred stock and common
stock as follows.
/ First preferred stock of Texas
Electric Railway at the par value OF
8s1. 10000 will he placed In the
"a. pie kt1at=
wax fSTaa, 600 90 par value thereof
~ Is proposed 70 use 10 purchase, ac-
aalre or diseharge obligations Of the
Texas Traction company and the
southern Traction company, aud tue
Remaining $500, e0A.Ae par value
thereof to be used In the future from
time 10 time to make betterments,
improvements and extensions Of the
properties OF the Texas Electric Rait-
Way.
2. The second preferred stock OF
Texas Electric Railway Of the total
par value of sS.00n, 0e0.0U TO be de-
8 iveresl f$1 200. en10 par value
E. hereof 10 Texas Traction company
and $500, 10000 par value there
of to Southern Traction company.
5bt 0JsSfEV E0i iSAfAbbkA1A Sk4tA@Akss
their respective preferred stockhold-
lers at the following ratios. namely:
#gf2a.a0 par value Of second prefer
trea stock Of Texas Electric Railway
for each $4,000 par value Of pre-
ferred stock Of Texas Traction cont
nany, and s1n1266 par value of Sec
ond preferred stock OF Texas Electric
Railway for each $4,000 par value
az preferred stock of Southern Irae-
ton company.
3. This common stock OF Texas
Electric E twsg Of the total Far
1talue of IS ecu 0e000 to be deliS-
Tered $2.at9, EOS 90 aaF value thereof
10 Texas Traction company. and 81.
Southern Traction company, or Of
tered for distribution TO their re-
4spesfiYe common stock holders IT the
following ratios, name1g: S100.00 par
value Of common stock % Texas Elec-
ttrie Railway for each $f0o.G0 par
galae ot eoasfaoH stasG of Texas Trae-
ton company and $4,000 par value
OF common stcck III Texas Flee
trio RAIN az fer each 10000 par
value OF common stock OF Southern
Traction company
/ And whereas, 1t IS proposed that
said Texas Electric Railway Vill. uR-
on acquiring said properties. issue
its first and refnGdine mortgage
eoId bonds 10 the principal aegte-
gate amount eff s4,804,0e6. IA. sscUr-
ed by MORTGAGE or deed Of trust on
lis physical properties, rights and
franchises (subject to present out
standing MORTGAGES and deeds OF
trust to the Old Colony Trust com
lrauy. trustee, and also TO Illinois
Trust aud Savings bank and VIII
lam ", Hehkle, trustees. respective
lyl and also it is proposed that Tex
as Electric Railway Wiil issue deben-
lures TO the principal amount Of
-t$2 $50. eco 90. said bonds and de-
{benturGs. or the proceeds thereof. 10
lbe used in rounding or diseharEing
present outstanding bonds of tho
Southern Traction company, and al
SO in refundjug or discharglng pres
'cht outstanding gold notes OF the
Texas Traction company TO the prin-
ipal amount Of $500 600 90.
ACa whereas, 1t il deemed advis-
able that special meeting OF the
stockholders tas we'll as dlrectors)
CT each OF the companies Interested
hall be held for the purpose of con-
sldefing and taking all proper ae-
ION in respect 10 The proposed con-
s5.datiQn or merger OF The Texas
Traction company and the Southern
Traction company through and by
means Of tbs sale OF all the physi-
cal properties, rights and franchises
OF each of said companies to the Tex
as Electric Railway, and to author
. ge or approve the same, and 10 take
E,l necessary action in connection
Herewith. or incident thereto. deem
ed proper for the contamination
thereof
/, Therefore, notice Is hereby given
,tl.at special meeting OF the stock
holders of the Southern Traction
company will he held as aforesaid
at the office OF said company on the
seth day of January. 1917. at two
, O'clock p, m for the purpose al con
aidering and taking action in respect
rs ihe matters above stated This