The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-04-01
Special Notices
Gas LIGHT COMPANY
All Tenth street, Northwest
MaAningtnn n

WARRINGTON Gas LIGHT COMPANN
All Tenth street, Northwest
Notice of special Meeting Of the Hold
eft OF shares OF capital stock OF Wash
lngton Gas Light COmpany-ro the
Notiee is " hereby StsS given en- that nat a SPECIAL
meeting OF the holders OF shares OF cap
ital stock of Washington Gas Light Coh'
OF the Company, All Tenth ST., \; W,
Washington, D. C., on April 10. 70. =;
ct IL o'clock a; M. Eastern standard
CONSIDER and take. action upon a proposal
la to change the presently suthoLlbeu'
issued and outstanding 100, 0OO shSres
OF capital stock OF the par value OF S-O
each INTO $4,000 shares OF Common
Stock without par value, by changing
each of the, presently authorlzed lssue {,
and outstanding shares OF the par value
:ot $40 each into 3 shares WITHOUT par
value; lb) further TO increase the cap
italiSation of the Company. as SO IN,
shares without par value, (Gl 10 ctdssIig
as Common Stock 900 900 shares OF sald
100000 shares without dn2 par par E AMMAN Nv
1.-THE Common Stock so CLASSIFIED 70 IN
ciude the $4,000 shares of Common
Stock resulting, from the change above ,p,3Ne
100000 shares of SAID 100000 shares
without par value OF authorized capital
Atock of the Company into two classes
of Preferred Stock, consisting OF ou.UuV
shares and 10000 shares. respectively
and I'D to determine the rights. pref
erences. privileges. voting powers ana CON
ditions. and the limitations or restrictions
thereof. OF each class OF stock OF the
Company 30 that ~ the shares OF eaGn
entitled to cumulative dividends, IN pref
erence to dividends or other distribution
on the Common stock and before Inc
application of any funds 70 the purchase
or redemption of shares of any class. at
such rates. at or about $3.50 per share
per annum for said class OF Preferred
fHrr
go 900 shares. and at or about So per
share per annum for the, said class OF
Preferred. Stock above referred TO con, con-
by the stockholders at the above. men
TONED meeting; t2l the shares OF each
class of such Preferred stock shaII De pc
part at any time. at the option OF the
Company. at such redemption price per
share. not less than 500 and accrued
and unpaid. dividends nor more than Sll0
and accrued and unpaid dividends. as may
be fixed by the stockholders at SAID
meeting: 81 the shares of each class
in preference to the Common Stock on
liquidation to such amount IN cash not
Of an involuntary liquidation. or S11O
per share, IN the case OF voluntary
liquidation as may be fixed by the stock
holders at said meeting. plus IN each
Ease an amount equal 10 any accrued and
unpaid dividends thereon; a. said shares
of the class of Preferred Stock above men.
be convertible into such number OF shares
OF Common Stock and upon such terms.
with respect to adjustments of the con-
version price or otherwise. as shall be de-
termined by the stockholders at said meet
ing: 80 the shares of each class Of such
Preferred Stock and OF the Common STOCK
Shall have one vote per share, provided,
however. that certain provisions defining
the rights of each class of Preferred Stock
shall be subject to amendment only by
vote of the holders of three-fourths in
interest of such class and others by vote
of the holders of two-thlrds in interest OF
such class Except that the dividend rate
on each class of such Preferred Stock may
be decreased only by unanimous consent
of the class affectedl and provided fur
ther that the creation or Issue Of shares
ity to and/or on a parity with either class
of such Preferred Stock shall require. I'M
by classes esn of the holders Of two-thirds in
interest (or more in an ysuch case if so de-
fern1ined at said meeting) of the outstand-
fected: t6l the shares, OF each class Of
such Preferred Stock shall be entitled to
no preemptive rights to purchase stock of
any, class or securities, convertible into
stock of any class of the Company (7l
the shares Of each class of such Preferred
Stock shall rank on parity with each
case of liquidation; 49, the shares of the
Preferred and Common Stock shall have
and shall be subject TO such further rights.
powers. limitations and restrictions. as
may be fixed by the stockholders at said
meeting including the limitation that no
dividends shall be declared or paid on
shares of Common Stock except out of net
earnings or earned surplus of the Company:
@ To consider and take action upon a
proposal to authorize the Company to issue
and sell such authorized but unissued Pre-
ferred Stock and Common Stock from
time TO time in such amounts and for
such considerations as the Board Of Di-
fectors of the Company shall determine ::
g. To transact such other business. in
connection with the foregoing other
wise. as may come before the meeting. or
any adjournment or adiournments thereof.
By Order of the Board of Directors.
EDw. T. STAFFORD. Secretary.
Dated April 1. 1887.