ODEN BOWIE, ESQUIRE, GOVERNOR. 907
Section, shall be merged in the new corporation
provided for in such agreement, to be known by
the corporate name therein mentioned; and the
details of such agreement shall be carried into
effect, as provided therein.
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Sec. 23. And be it enacted, That upon the elec-
tion of the first Board of Directors of the corpora-
tion created by the agreement in the twenty-first
Section of this Act mentioned and by the provi-
sions of this Act, all and singular, the rights and
franchises of each and all of said two or more cor-
porations, parties to such agreement, all and singu-
lar their rights and interest in, and to, every species
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Directors.
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of property, real, personal and mixed, and things
in action, shall be deemed to be transferred to and
vested in such new corporation, without any other
deed of transfer ; and such new corporation shall
hold and and enjoy the same, together with all the
rights of way, and all other rights of property in
the same manner, and to the same extent, as if the
said two or more corporations, parties to such
agreement should have continued to retain the title
and transact the business of such corporations and
the titles and the real estate acquired by either of
said two or more corporations shall not be deemed
to revert, or be impaired by means of anything in
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Privileges
enjoyed.
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this Act contained ; provided, that all rights of
creditors, and all liens upon the property of either
of said corporations, parties to said agreement,
shall be and hereby are preserved unimpaired;
and the respective corporations shall continue to
exist as far as may be necessary to enforce the same;
and provided further , that all the debts, liabilities
and duties of either Company siiall thenceforth
attach to such new corporation and be enforced
from the same, to the same extent and in the same
manner, as if such debts, liabilities and duties had
been originally incurred by it.
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Unimpair
claims.
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Sec. 24. And be it enacted, That any Railroad
Company heretofore or hereafter incorporated, may
at any time, by means of subscription to the capital
of any other Company, or otherwise aid such Com-
pany in the construction of its railroad, for the
purpose of forming a connection of said last men-
tioned road with the road owned by the Company
furnishing said aid ; or any Railroad Company
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Aid other
companies.
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