294 CORPORATlONS—CONSOLIDATION. [ART. 23.

of which has been fully paid up, may unite with any other cor-
poration 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 corporation

provided, that a majority of the stockholders of each of the said,
corporations forming such union shall assent thereto. Sucht
union or consolidation shall be made upon such terms and con-
ditions as shall be agreed upon by the said corporations; and the
said new consolidated corporation shall have such name and such
capital stock as shall be agreed upon between the corporations
parties thereto; and when such union or consolidation 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.

1886, ch. 37.

40. The president and directors, or trustees or managers, for
the time being, of any corporation of any of the descriptions men-
tioned in class one, that has been or may be formed under any
general or special law of this State, for any educational, literary,
sanitary, charitable, benevolent or other purpose in said class one,
shall, for the purpose of maintaining due succession in such cor-
poration, be accounted to be corporators and members of such
corporation.

1886, ch. 49.

41. When the value of the property owned by any charitable
or benevolent society or corporation, incorporated under any
general or special law of this State, or the income of suchi
charitable or benevolent society from such property was when
the said property was acquired within the limit or limits pre-
scribed by law for the tenure and enjoyment of such property or
income, but has thereafter increased in value, such benevolent or
charitable association or corporation may lawfully hold, enjoy,
use and deal with the increased value of said property or prop-
erty derived therefrom, or with the increased income derived
therefrom, for its said charitable and benevolent purposes, in the
same manner and to as full an extent as it might have, enjoyed,