ART. 23.] INCORPORATION OF EXISTING COMPANIES. 309

its existence not to exceed forty years, and the articles, conditions
and provisions under which the incorporation is formed, the place
or places of business where the operations of the corporations are
to be carried on, and the place in this State in which the principal
office of the corporation will be located, the amount of the capital
stock of the corporation, the number of shares, and the amount of
each share, and the number of trustees, directors or managers who

shall manage the concerns of the corporation for the first year.

1868, ch. 471, sec. 76.

84. The said certificate shall be signed and sworn or affirmed to
by the chairman of the said meeting, and shall be also signed by
the president of the said corporation, and attested by its seal, and
shall be thereupon submitted to judicial inspection, as required by
section 43 of this article, and shall be certified and recorded as re-
quired by section 44 of this article; and thereupon the said cor-
poration shall be a body corporate, in fact and in law, under the
name set forth in the said certificate, and shall be subject to all the
provisions and entitled to all the powers and privileges conferred by
this article, so far as the same are applicable to the said corpora-
tion ; and the former charter of said corporation shall be deemed
to be thereupon surrendered, and all the property and assets be-
longing to the said former corporation, of whatsoever nature and

description, and all the debts and liabilities of the said former

corporation, of whatsoever nature and description, shall, upon such
recording as aforesaid, be devolved upon the said new. corporation,

which shall, for this purpose, be regarded as substituted by opera-
tion of law, in the room and stead of said former corporation;
and all pending proceedings at law or in equity, on behalf of or
against said former corporations, may be amended at the instance
of either party, so that the said new corporation may be substitu-
ted as plaintiff or defendant, as the case may require, in lieu and
in place of the old corporation.

Ibid. sec. 77.

85. Every corporation formed under the provisions of this

article, shall be subject to any and all provisions and regulations

which may hereafter, by any change in or amendments of the
laws of this State, be made applicable to such corporation.