WM. T. HAMILTON, ESQUIRE, GOVERNOR.

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at any time or times, to consolidate and form a

Consolidate

union with either the Philadelphia, Wilmington

and form a
union.

and Baltimore Railroad or the Delaware Railroad

Company, by agreement between the boards of di-

rectors of said companies so authorized to consolidate,

upon such terms and conditions as to them may

seem best; said agreement to be executed under the

corporate seal of the respective companies, and ap-

How executed

proved by a two-thirds vote of the stockholders

present or represented at any annual meeting, or at

any special meeting called for that purpose after

thirty days notice by publication in one or more

newspapers of this State.

SEC. 2. And be it enacted, That when any

such agreement shall have been approved by the

Manner of ex-

stockholders of the respective companies, and the

ecuting.

fact of such approval certified thereto by the

respectives secretaries, under seal, it shall be filed

in the office of the Secretary of State, and there-

upon the said two or more corporations agreeing

aforesaid shall be taken to be one corporation in

law, by the name provided in said agreement,

possessing all the property, powers, rights and

franchises, immunities and privileges of the several

corporations consolidated and united as aforesaid,

and subject to all the restrictions, disabilities and

duties of each of such corporations, save as far as

modified by such agreement; provided that all

rights of creditors and all liens upon the property

Rigthts of cred-

of either of said corporations shall continue unim-

itors to con-
tinue.

paired, and the respective corporations may be

deemed to be in existence to preserve the same ;

and all debts, duties and liabilities of either of said

companies shall thenceforth attach to the consoli-

dated company, and may be enforced against it to

the same extent and by the same process as if said

debt, duties and liabilities had been contracted by

it; and provided further, that a certified copy of

the said certificate and copy of agreement so to be

filed in the office of the Secretary of State shall be

evidence of the lawful holding and action of such

Lawful evi-

meeting, and of the consolidation of such compa-

dence.

nies. If any stockholder in any company which

shall be consolidated with any other company or

companies under this law shall be dissatisfied with,

or object to such consolidation, it shall be lawful for