The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-08-15

TROLLEY
MERGER
1contInuea from FIr.t raee.l

CONTINUED from First Page.)
Company. Jersey City, Hoboken and Ruth
| erford Electric Railway Company and Pat
erson Horse Railroad Company; and the
United Street Railway Company of Central
Jersey, formed by merging the Elizabeth
and Raritan River Street Railway Com
pany and Elizabeth and Plainheld Central
Jersey Railway Company.
BY the agreement it Is planned to form
n corporation. (which said corporation
shall from henceforth have and possess all
and singular the purposes, rights, priyi-
leges, powers, franchises and corporate
| existences which have been granted to or
conveyed upon or are possessed or enjoyed
nv any or all of said parties hereto, and
the said parties hereto have agreed upon
and by these presents do agree upon and
prescribe the following as the terms and
conditions of said consolidation and the
mode of carrying the same into effect,
which terms. conditions and agreements
the said parties hereto do hereby mutually
and severally covenant, promise and agree
to do. observe and perform, to wit:
"One-the corporate name of the new
| consolidated company shall be Public
! Service Railway Company.
'Two-The number of directors of the
said consolidated company, until the same
shall be changed Dy tne Dy-lhWs oI Tue
said ompan shall be eleven.
"Three-The names and places of resi-
dence of the directors of the said con-
solidated company, who shall be the first
directors thereof, and who shall serve until
others, In accordance with the bylaws,
are chosen in their places, are as follows:
Name. Residence.
John ]. Burleigh. -. Merchantville, n. ].
Albert B.. Carlton. .... Elizabeth, N. j.
Walton Clark. .......... Philadelphia. Pa.
Mark T. Cox......... East Orange, N. j.
| Anthony r. Kuser. -. Bernardsville. N. j.
Lewis Lille. .Haverford, Pa.
Randall Morgan. ....... Philadelphia, Pa.
Thomas Y. McCarter. ....... Rumson N. j.
J IIzal Fl. McCarter. ........ Rumson N. J..
| Charles A. Sterling. -. East Orange. n J.
fFourth-The names and residences of the
first officers of the said consolidated com
pany who shall hold their respective office
for the first year, Or until others are
chosen in the places, are as follows:
President. Thomas n. McCarter, Rumson,
N. j.: yice-presidents, Charles A. Sterl-
ing, East Orange. n. j.: Albert B. Carl
ton, Elizabeth, N. j.; John j. Burleign'
M~erchantville. n. j.: secretary, Frederick
Evans, New York. N. Y; assistant secre-
tary. Harry c. Stevenson, Newark, N. j.;
treasurer. James P. Dusenberry, Newark,
N. j.; assistant treasurer, Robert u. Miller,
Jersey City, N. J.
,"Five-The location Of the principal Of
flee of the said consolidated company In
this State is at 1853 Broad street, Newark,
N. j., and the name of the agent therein
and in charge thereof and upon whom
process against this corporation may be
served is James P. Dusenberry.
'Six-The amount Of the capital stock
Of the said consolidated company shall
be $4,000 900, consisting of $4,000 shares
of the par value of 500 each"
The seventh paragraph of the agreement
provides how the stock of the present conn
panies shall be converted into stock of the
new concern.
The stock of North Jersey Street Rail-
way Company issued and outstanding,
amounting to $15, 000,0 900, consisting of 100000
shares of the par value of 800 each, shall
be convertible into $50, GOO shares of the new
company's stock.
The stock of the Jersey City, Hoboken
and Paterson Street Railway Company is
sued and outstanding, amounting to So
900, coo, consisting of 10000 shares Of the
par value of 500 each, shall be convertible
into 200, 1000 shares OF the capital stock of
the new concern.
The stock of the United Street Railway
Company of Central Jersey issued and out
standing, amounting to 100000. consisting
of 10000 shures of par value Of 500 each,
shall be convertible into 10000 shares of
the new stock, and the holders OF the
United Street Railway STOCK snail receive
three shares of the new stock for four of
the old. All the stocks are to be trans
ferred at the Fidelity Trust Company's
office.
The yearly meetings of the company are
to be held the second Tuesday in April:
the management of the company is to be
regulated In the bylaws; debts on the old
companies are to lie on the new one; the
directors are to have full power to carry
out the terms of the agreement, and the
new company is to pay all the costs of
organizing the new company.
The directors who witnessed the agree
ment were:
For the North Jersey Street Railway
Company-Thomas C. Barr, Frank Ber-
/ gen, j. j. Burleigh, A. B.. Carleton, Walton
Clark, Mark IT. Cox, j. P. Dusenberry,
Frederick Evans, A.. r. Kuser, Thomas
N. McCarter, u. II. McCarter, Randall
Morgan, Charles A. Sterling and e. S.
Young.
For the Jersey City, Hoboken and Pat
| erson Railway Company-Thomas C. Barr,
j.. j. Burleigh, A. B. Carleton, Walton
Clark, Mark T. Cox, A. r. Kuser. Lewis
Lille, Thomas N. McCarter, u. Fl. Nc
Carter, Randall Morgan and Charles A.
For the United Street Railway Company
Thomas N. McCarter, A. b. Carleton,
u. II. McCarter, Charles A. Sterling, A.
r. Kuser.
For some time advertisements have been
running in various newspapers announcing
the proposed consolidation, and the meet
ing for that purpose will be held next
Tuesday at the Public Service offices in
this city.