The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-04-18
BOSTON, HARTFORD AND ERIE.

the New York and New Eng land Rail-
road -FOrmatI0n OF tho New
Company-S2O.O0O,00O Capital-Elec-
ton OF Directors.
BOSTON, April II, 1873.
The Berdell bendhoders OF the Boston. Hartford
and Erie Railroad held a meeting to-day In Agri-
cultural Hail Tor the purpose OF forming new cor
poration and choosing board OF directors william
I. Hart called the meeting to order, and Robert T.
Bishop was chosen Secretary.
The following votes were adopted
Voted-That we, the holders of bonds secured by
tle mortgage bearing date March 49, 1866, by the
Robert II. Berdell and others, do now organize and
form corporation under the name OF the New
York and New England Railroad Company, with q
500 each.
yoted-Ihat the meeting do now proceed to the
New England Railroad Company by ballot.
The following directors were chosen William
na o. yon Ipse 81
Francis Dane, of Massachusetts,; Peter ii. Watson,
Of New York; william Butler DUNCAN, Of New
NJ. Olyphant, of New York; Marshall Jewell Of con-
necticut; Frederick l. Kingsbury, OF Connecticut;
i lev Of Connecticut; James T. Smith OF Rhode
Island; Royal @. TAFT, OF Rhode Island.
In the unanimous vote $5,6SS.0O0 IN bonds were
Toted-That the seal OF the New York and New
England Railroad Company be circle, with the
Sout VI vi tut otdtts vi NeW lOTk, MdSSdeHu-
setts, Connecticut and Rhode Island displayed
thereon, and the words "New York and New Eng
land Railroad Company, 1873" surrounding them,
substantially in the form now presented to this
meeting
Toted-That the directors be authorized and
directed TO receive the surrender OF the bonds
cured by the mortgage bearing date March 49, 1865,
by the Boston, Hartford and Erie Railroad Com
pany to Robert II. Berdell and others, and issue
Ia exchange for the same, stock in said New York
and New England Railroad Company in the pro-
portion OF ten shares OF stock fer each bond so
surrendered to be exchanged, and 10 appoint an
agent or agents for said purpose.
VOted-That the directors be authorized to audit
the accounts OF the trustees in possession OF the
directors have full power to settle SAID accounts
and obtain deed OF conveyance from said trus-
tees to said New York and New England Railroad
Company Of all the property, premises, estate and
franchises conveyed in mortgage by the Boston.
Hartford aud Erie Railroad Company to Robert ii.
Berden and others, and Of all additions thereto,
and or all other property in their hands, or to
which they have right or title, belonging to said
road.
The bylaws adopted provide that fifteen directors
shall be chosen annually by ballot and any vacancy
may be filled by the remaining members; the an
nual meetings TO be held in Boston on the first
Tuesday In December; notice to be published five
newspaper in Boston, Providence, Hartford and
New York; special meetings to be advertised in the
same manner; the Treasurer chosen by the dIrec-
TORS to give at least $25 900 bonds; any officer to be
removed by two-thrds vote OF the directors.
About one hundred and 1ty gentlemen were
present, representing nearly every interest," and
the meeting was entirely harmonious.
There are rumers that an attempt will be made
by the Lane interest to enjoin the new corporation
from executing It's plan.