New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-04-18

A RAILWAY RFoRGANIZED-THE BOSTON HARTFORD
AND ERIE TRANSFORMED INTO THE NETWORK
AND NEw-ENGLAND RAILROAD COMPANY.
BosToN. April 17-The Berdell bondholders
of the Boston, Hartford and Erie Railroad held meet
ing to-day in Agricultural Han for the purpose Of form
ing a new corporation and choosing Board OF Diree-
tors William T Hart called the meeting TO order, and
Robert T. Bishop was chosen Secretary The following
adopted
Voted That we the bolders OF bonds secured by the
mortgage bearing date March 10, 1866, by the BOSTON
Hartford and Erie Railroad Company 70 Robert H. Der
dell and others do now orgnuze and form corporation
the OF the New-Iork and New England RAIL
road Company with capital took OF S2O0OO,O0O, d.
Voted, That the meeting do now proceed to the cleo
ton OF Is directors for the W-1OIk ana NeW-EnKdnu
Railroad Company by ballot.
The following directors were chosen:
VIM F. Hart John Foster, Thornton K. Lothrop and
Butler Duncan, Samuel l.. NJ. Barlow, and Robert NJ
Olyphant of NewYork; Marshall Jewell, Frederick j
Kngsbury, John f. Slater, aud WIN. j. Hanerley OF
Connecticut; James f. Smith and Royal c. Taft Of
Rhode Island.
In the unanimous vote s56sSOOo bonds were repre-
scented.
Voted That the seal OF the New-York and New-En-
gland Railroad Company be circle Win lhe coats OF
OF the states OF NewYork Massachusetts, Connec
tcut, and Rhode Island displayed thereon, and tho
words New-YOrk and New England Railroad Company,
1879" surrounding them substantially IN the form now
presented 10 this meeting.
Voted, That the directors be authorized and directed
receive surrender OF the bonds secured by thG
mortgage bearing date MarCn ~ 1866, ny the bohtOn,
Hartford and Erie Railroad Company Robert H. Ber-
dell and others aud 10 ISSUE In exchange for the same
stock In said New York and New England Railroad Com
pauy proportion or 10 shares OF stock for each
10 bc exchanged and " appoint an
agent or agents for said purpose.
Voted Tuat the directors be authorized TO audit the
accounts the trustees possession OF the Boston,
Hartford Erie Railroad and that said directors nave
full power TO settle said amounts, ana oDtu ued OF
conveyance said trustees 10 said New-lork ana
Now England Railroad Company OF all the property,
premises. estate ana franchises conveyed IN mortgage
by the Boston, Hartford and Erie Railroad Company 10
Robert II. Berde aud others, aud OF all additions
thereto and OF all other property In their hands or 10
which they right title, belonging 10 sald road.
The bylaws adopted provide that 10 Directors shall be
chosen annually by ballot and any vacancy may be
nled by the remaining members; the annual meetings
TO be held In Boston the first Tuesday Ia December;
notice TO be- published four times within 10 days meet
Ing IN at least newspaper IN Boston, Providence.
Hartford, aud York; special meetings to be adyer
tsed In tho same manner the Treasurer chosen by
Directors Ia give at least 5000 bonds any officer to
removed by two-thlrds yote OF tho Directors About
100 gentlemen present representing nearly every
interest, and the meeting entirely harmonious
There are rumors that attempt win made by the
Lane interest enion the new corporation from exc
cutting ia plan.
CONDITION OF THE CLEVELAND, COLUMBUS, CINClN-
HATi AND iNDIANAPOIIS ROAD.
CLEVELAND, April IFS. l.. NJ. Barlow, rs
attorney tor the Directors OF the Cleveland Columbus.
Cincinnati ana Indianapolis Railway. has died re