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40
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CORPORATIONS. [ART. 26.
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unite with any other corporation incorporated under
this article, the capital stock of which has also been
fully paid up, where the said corporations have been
originally incorporated in whole or in part for the same
purpose, and may by such union form one new corpo-
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Proviso.
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ration; provided, that a majority of the stockholders of
each of the said corporations forming such union shall
assent thereto. Such union or consolidation shall be
made upon such terms and conditions as shall be agreed
upon by the said corporations, and the said new consol-
idated corporation shall have such name and such cap-
ital stock as shall be agreed upon between the corpora-
tions, parties thereto, and when such union or consoli-
dation is made, a certificate of the said union and of
the particulars thereof shall be executed by the said
corporations, and be acknowledged and recorded as
other certificates of incorporations are in this article
directed to be acknowledged and recorded.
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GENERAL REGULATIONS APPLICABLE TO ALL CORPORATIONS FORMED
UNDER THIS ARTICLE.
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The certificate.
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37. Any five or more persons, citizens of the United
States, and a majority of them citizens of this state,
who may desire to form a corporation for any of the
purposes hereinbefore referred to, shall make, sign, seal
and acknowledge before some officer competent to take
the acknowledgment of deeds, a certificate in writing
in which shall be stated :
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What it shall
state.
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1. The names in full and place of residence of the
applicants.
2. The proposed corporate name of the corporation,
which shall always include the name of the county or
city in which it may be formed.
3. The objects or purposes for which incorporation
is sought; the time of its existence not to exceed forty
years, and the articles, conditions and provisions under
which the incorporation is formed.
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