EDWIN WARFIELD, ESQ., GOVERNOR.

1119

ever. Such court may, from time to time, and whenever

deemed advisable, appoint suitable persons to investigate the

affairs and management of said corporation, who shall report

to such court the manner in which such investments are made,

and the security offered to those by and for whom its engage-

ments are held, and the expenses of such investigation shall

be defrayed by said corporation; or the court may, if deemed

necessary, examine the officers of said corporation, under oath

or affirmation in regard to the management of its affairs, and as

to the security aforesaid, and in case of the dissolution of said

corporation, the debts due from the corporation as receiver.

trustee, assignee, executor, administrator, guardian or commit-

tee, or depository of money, under order of court, shall have

preference in the distribution of assets of said corporation.

SEC. 19. And be it enacted, That the corporation hereby in-

corporated shall have the right and power at any time to unite

Right to con-
solidate with

or consolidate with any other corporation or corporations which

other corpora-
tions.

may be incorporated for any one or more of the purposes set

forth in this Act, or which may be authorized to exercise any

one or more of the powers conferred on the corporation hereby

incorporated, whether such corporation or corporations shall

have been heretofore or shall be hereafter incorporated by

virtue of or by the General Laws of this State, or any special

law or Act. And any such corporation or corporations with

which the corporation hereby incorporated is by this Act au-

thorized to unite or consolidate, are hereby equally authorized

to unite and consolidate with the corporation by this Act

incorporated. The power to consolidate conferred by this Act

shall include the power to fix the terms of such consolidation,

the place or places for doing business, the amount and char-

acter of the capital stock of the corporation formed by such

consolidation not exceeding in amount the aggregate author-

ized capital of the constituent corporations, the shares of stock

and consideration to be issued or paid to the stockholders of

the constituent corporations, the name of the consolidated cor-

poration, which may be the name of the corporation hereby

incorporated or some other name, and to do all other acts.

matters and things necessary or proper to be done to carry

out such consolidation. The powers to unite or consolidate

by this Act conferred on the corporation hereby incorporated,

and on the corporations therein referred to, shall be exercised

by said corporations respectively when authorized at any gen-

Majority of

eral or special meeting of stockholders by the majority in

stockholders

interest of the stockholders of each corporation so uniting or

to decide.