EDWIN WARFIELD, ESQ., GOVERNOR.

635

ercise any one or more of the powers conferred on the cor-

poration 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 corpora-

tions with which the corporation hereby incorporated is by

this Act authorized to unite and consolidate are hereby equally

authorized to unite and consolidate with the corporation by

this Act incorporated. The power to consolidate conferred

Power to fix

by this Act shall include the power to fix the terms of such

terms of con-
solidation.

consolidation, the amount and character of the capital and

stock of the corporation formed by such consolidation net

exceeding in the whole in amount the aggregate authorized

capital of the constituent corporations, the shares of stock and

the consideration to be issued or paid to the stockholders

of the constituent corporations, the name of the consolidated

corporations, and to do all other acts, matters and things ne-

cessary or proper to be done to carry out such consolidation.

The power 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 general or special meet-

ing of stockholders by the majority in interest of the stock-

holders of each corporation so uniting or consolidating or with

the assent in writing of such majority in interest. The cor-

poration so formed by such consolidation shall, when such

consolidation shall have been completed as hereinafter re-

ferred to, have all the powers and franchises by this Act

conferred upon the corporation hereby incorporated, including

both as to such consolidated corporation and the other corpora-

tions referred to in this section, the powers by this section

conferred, and shall also have any other and further powers
which any of the constituent corporations may, at the time

Other and fur-
ther powers.

of such consolidation, have the right to exercise ; and all the

assets and property of every kind of all the corporations so

consolidating or uniting shall, upon the completion of such

consolidation, be assigned and conveyed by such constituent

corporation to such consolidated corporation. And such con-

Cnsolidated

solidated corporation shall be liable for all the debts, con-

corporation

tracts and engagements of the said constituent corporations

liable for
debts, etc.

as fully and to the same extent as such constituent corporations

have been liable therefor at the time of the consolidation. As

soon as such consolidation shall have been determined upon

the corporations so uniting or consolidating shall execute a

certificate of consolidation, signed by the proper officers re-