The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1917-01-20
cali fur special Meeting OF inc
Stockholders
So, THERx TRACTION COMPANY
IA, 80 l.nxAs. Ian. tS. III.


fwiil he held al the office OF said
lrnrnnany on the seventh floor of the
IInteiarban building, city of Dallas.
Dallas county, Texas on iaesaas,
january 80, 1917. at two O'Clock II
ma. for the following purposes. To-
wit.
Whereas. Texas Electric Railway
has now been incorporated under the
ua8g OF Texas. having and posses
faine the power and authority To puf-
iehgse. acquire and take over the pny-
lgieat properties, rights and fran
Aehsaes Of Texas Traction company
land Of Southern Traction company,
Thereby affecting a consolidation OF
imerger OF said Texas Traction conl-
!gany and said Southern Traetion
{tofnnaus upen terms substantially IN
Eacc0rdance wlth the vote OF the
{steek haiferg expressed and determin-
led on Jnfy Is, 1916, aud upon re-
Ieeiyins proper deeds and insffa~
Imeats 81 conveyance and transfer
ifram the said Texas Traction cont
! pany and Southern Iraetaoa cotH-
Ipany, ia consideration thereof, viii
Issue and deliver Its first and sec
I0nd preferred stock and common
tstoek as follows:
!! /. First preferred stock OF Texas
Electric Railway of the par value OF
ISL. 4oD 600 90 Will he placed IN the
Treasury of The Texas Electric Rail-
way iS7oa.00e 90 par value thereof
lit is proposed to use TO purchase, ae-
fauire or discharge obligations of the
Ftst4af tyaf, gssY Ayxsava and the
Southern Traction company. and the
remaining S10A Dfl0 90 nar value
thereof TO be used i'm the future from
time To time To make betterulents,
Improvements and extensions Of the
properties OF the Texas Electric Rail-
iway1.
| 9. The second preferred stock OF
Texas Electric Railway Of the total
par value of $4,000, 0oa.00 TO be de-
illyered ts1.200. 10000 par value
thereof 20 Texas Traction company
and $500. 5000 par value there
of to Southern Traction company.
lor offered for distribution among
their respective preferred stoehhold
5ers at the following ratios, namely;
Sf20 90 par value Of second prefer
ired stock Of Texas Electric Railway
fer each $4,000 par value of pre-
lferred stock ef Texas Traction COM
PAM. and s107.499 par value Of sec
iond preferred stock Of Texas Electric
Railway fof each sf0o.0o par value
laf preferred stock OF Southern Trac-
ton company.
3. The common stock Of Texas
Electric Railway of the total par
5falue of $4,000, 10000 to he deliY-
Tered scene. qe9.e par value thereof
ito Texas Traction company. and So.
#00o .040 90 par value thereof 70
Southern Traction company. or Of
sfered for distribution TO their re-
srectiYe common stockholders at The
following ratios. namely: s1oo. 30 par
VALUE OF cJmIhon stock Of Texas Flee
trio Railway Tor each $4,000 par
value Of COMMON ateeB of Texas Trac-
.tion company and $S0.00 par value
.of common stock OF Texas Elec-
.tTie Railway for each 10000 par
value OF common stock OF Southern
Traction company.
And whereas II is proposed that
said Texas Electric Railway will. up
ON acquiring said properties. issue
its first and refunding mortgage
gold bonds TO the principal aggre-
gate amount Of S4.S04 900 90. secur-
led By mortgage or deed Of trust on
Ats physical properties, rights and
franchises (subject to present out
standing mortgages and deeds of
trust to the Old Colony Trust COM
p2ny, trustee. and also to Illinois
Trust and Savings bank and VIII
Jam IT, Henkle, trustees, respective
.lyl, and also it is proposed that Tex
las Electric Railway viii issue deben-
tunes to the principal amount OF
80, 1e0. 10000. said bonds and de
.bentures, or the proceeds thereof, to
be used In refunding or discharging
present outstandiag bonds Of the
Southern Traction company, and al
20 IN refuading or dischargiug pres
ent outstanding gold notes or the
Texas Traction company to The prin-
,eipal amount OF $700. 10000.
Ana Whereas it is deemed advis-
able that 9 special meeting Of tho
stockholders (as we'll as direeforsl
Itt each OF tie companies interested
snail be held for the purpose OF cos
ls,defing snd taking all proper Ac-
lion in respect to the proposed con
foliaation on merger Of the Texas
Traction company aud the Southern
Traction company through and by
means Of the sale OF all the phyBi-
Cal properties, rights and franchises
of each Of said companies to the Tex
Is Electric Railway, and to author
j.e or approve the same, aud 10 take
fail necessary action In connection
Herewith, or incident thereto, deem
al proper for the contamination
thereof.
Therefore. notice is hereby given
that q special meeting OF the stock
holders Of the SenEhcfn Traction
company win be held as aforesaid
al the office OF saiA company on the
33oth day Of January. 1917, at two
O'Clock D. IA. for the purpose of con
aiderIuC and taking action in respect
To The matters above stated. THIS
Nv Sas @s~.s s'z