The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1917-01-25
Gall for Special Meeting Of the
Stockholders
OF TIafRN Tg.lGTIoN COMPANY
Dallas. Tezas ran. ls 1917

Southern Traction company, speeiaI
meeting OF the stockholders ihersof
VIII be held al the office Of said
/ omuaag On the seventh floor Of the
/ ntarprban building. city OF Dallas.
Dallas county, Texas. on TUESDAY.
january 30. 1917, at two o'clock &.
M for the following purposes, to-
wit:
Whereas Texas Electric Railway
has noW been Incorporated andar the
laws OF Texas. having ard poses
sins the power ard authority to par-
fchase, acquire and take over he pEy-
steal properties. rights and fraa-
fclatses OF g@xsa Ts4stfofa company
land OF Southern Traction cerapany
Thereby affecting q consolidation ar.
merger OF said Texas Traction c9nn-.
1pany and said Southern Traction
company upon terms substantially In
Iaceordanee With the vote of the
stockholders expressed ard tlsferr4!n-
ed On July is. 1915, and upon re-
acelEing proper deeds and instra-
tments OF conveyance and transfer
from the said Texas Traction cam
ipany and Southern Traction eoan-
tpaEy, In consideration thereof will
tissue and deliver It's first and sec
Iond preferred stock and common
stock as follows:
I i First preferred stock Of Texas
Electric Railway oE the par value II
IS 400, 10000 viii be placed in tbs
Treasury OF the Texas Electric Rail-
Hsway 100000 10 par value thereof
lit Is proposed to use 10 purchase, ac-
laulre or discharge obligations OF the
Texas Traction company and tie
Southern Traction company, and the
lfemaining 500, 0ea.0ll par value
Thereof to be used in the future from
3time to time to make bettermants.
and extensions Of the
properties OF the Texas Electric Rail-
Ifway).
1 2. Tie second preferred stock Of
Texas Electric Railway OF the total
Ipar value OF $4,000. oa009 20 be de-
+; ivefed Isl ,2N9, 00a.ao par value
B hereof to Texas Traction company
land $500, oo0.oa par value there
lof TO Southern Traction company
or offered for distribution among
their respective preferred stocanold-
.#ers at the following ratios, namely:
#f%12g.ea par value of second prefer
ired stock OF Texas Electric Railway
for each s10e.o9 par value of pre-
ferfed stock OF Texas Traction conn
.pany, and S105.2a6 par value oil sec
#|oad preferred stock Of Texas Electric
s Railway for each $4,000 par value
Ct preferred stock OF Southern Trac-
ltion company.
I 3. The common stock of Texas
Electric Railway Of the total par
#eValua Of se,0a0. oa00e tos be delty-
Tered $2.000 10000 bar value thereof
Ito Texas Traction company. and S4.-
1000, 10000 par value thereof to
southern Traction company, or of
ifefed fer distribution to their re-
speetive cannon stockholders at the
following ratios. namely. sI91 90 par
value OF common stock Of Texas Flee
ttric Railway for each S16080 par
! alue of common stock Of Texas Trac-
ton company and 5000 par value
#of common stock Of Texas Flee
trio Railway for each $100o0 par
value CT common stock of Southern
Traction company.
And whereas, it Is proposed that
said Texas Electric Railway will, up
Ion acquiring said properties, issue
its first and refanding mortgage
colo bonds 10 the principal aggra.
igate amount of S4.Sat. eo0, 90, s&cur-
lea by mort case or deed of trust on
Its physical properties, rights and
franchises {subiect To present our
standing MORTGAGES aud deeds OF
TRUST 20 the OLD Coloay Trust CONE
irany. trustee, and also TO Illinois
Trust ard Savings bank and VIII
lam r. Henkle, trustees, respective
Ily4, and also it is proposed that Tex
las Electric Railway viii issue deben-
lures TO the principal amount of
i$2. I60. 00e0e, said bonds ana de-
ibentaves. or the proceeds thereof, 70
he used in refundng or dischafgfng
present outstanding bonds OF the
Southern Traction company. aEd al
50 in refunding or diseharglng pres
lent outstanding gold notes OF the
Texas Traction company GO the pTin-
inal amount of STa0 .000,0o
And whereas. it is deemed advis-
liable thar a special meeting OF the
tockhelGers {as we'll rs directors
/ eaeh OF the companies interested
I hail ue held for the purpose of con-
! iaering and taking all proper ac-
ION in respect 10 the proposed cen
=
Traction company and the southern
Traction company through and by
means OF the sale OF all the Fhysi-
al properties, rights and franchises
lef each of said companies to the Tex
las Electric Railway. and to author
( re or approve the same. and 10 take
!all necessary action in connection
Herewith. OF incident thereto, deem
led proper for the contamination
hereof.
Theiefere, notice is hereby given
that a saecial meeting al the stock
holders OF the southern Traction
company viii be held as aforesaid
lat the office of said company on the
s0th day of January. 1915, at two
lo'cloek p, N. for the purpose OF con
Esidering and taking action in respect
ita the matters above stated. This
Injecting. MS above stated, Is 10 be
Ihela pursuant 10 the cad o. five dl-
,reetors of the Southern Traction