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ART. XXIII] CONSOLIDATION. 95
ing of an instrument among the land records, as shown by the agree-
ment of consolidation, and if any of the consolidating corporations own
such property in Baltimore City, as shown by the agreement of con-
solidalion, one of such certificates shall be transmitted to the Clerk of
the Superior Court of said city. Upon receipt of such certificate by a
Clerk of a Circuit or Superior Court, the same shall be by him prompt-
ly recorded among the land records. At the time of receiving such
agreement of consolidation for record, the State Tax Commission shall
collect recording fees of twenty dollars; six dollars of the fees so col-
lected shall be paid by it to the Secretary of State; four dollars thereof
shall be paid by it for recording the same to the Clerk of the Circuit
or Superior Court to whom such agreement of consolidation shall be
transmitted for recording as aforesaid; and for the balance it shall ac-
count quarterly to the Comptroller and pay the same forthwith to the
State Treasurer for the use of the State. In addition to any other
recording fees required by law, the State Tax Commission shall, at
the time of receiving the agreement of consolidation for record, collect
a recording fee of two dollars for each certificate of consolidation re-
quired ; and one-half of each such fee shall be paid by it for recording
the same to the Clerk of each Circuit or Superior Court to whom a
certificate of consolidation is transmitted for recording as aforesaid;
and for the other one-half it shall account quarterly to the Comptroller
and pay the same forthwith to the State Treasurer for the use of the
Slate.
See notes to this section in volumes 1 and 3 of the Annotated Code.
1904, art. 23, sec. 46. 1892. ch. 666, sec. 39A. 1908, ch. 240, sec. 30.
1916, ch. 596, sec. 30.
30. When such agreement of consolidation has been delivered to
the State Tax Commission with the fees required by Section 29 of
this Article and the bonus tax, if any, payable, and not before, all of
the property and assets belonging to said consolidating corporations of
whatsoever nature and description, and all the powers and rights and
all debts and liabilities of said consolidating corporations of whatsoever
nature and description, shall be devolved upon said new corporation,
which shall be regarded as substituted by operation of law in the
room and stead of said consolidating corporations; and from the
time of the delivery of said agreement of consolidation, as aforesaid,
any amendment or amendments made by said agreement of consolida-
tion shall take effect, and not before. A duly certified copy of said
agreement of consolidation from the records of the Secretary of State,
the State Tax Commission or the Circuit or Superior Court, shall be
evidence of said consolidation and of any amendment or amendments
made by said agreement of consolidation. The recording by the State
Tax Commission of said agreement of consolidation shall be conclusive
evidence of the payment of the recording fees and the bonus tax, if
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