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ized to unite and consolidate with the corporation by this Act
incorporated. The power to consolidate conferred by this Act
shall include the power to fix the terms of such consolida-
tion, the place or places for doing business, the amount and
character of the capital stock of the corporation formed by
such consolidation, not exceeding in amount the aggregate
authorized capital of the constituent corporations, the shares
of stock and consideration to be issued or paid to the stock-
holders of the constituent corporations, the name of the
consolidated corporation, which may be the name of the
corporation hereby incorporated or some other name, and to
do all other acts, matters and things necessary or proper to
be done to carry out such consolidation; the powers to
unite or consolidate by this Act conferred on the corporation
hereby incorporated, and on the corporations therein referred
to, shall be exercised by said corporations respectively, when
authorized at any general or special meeting of stockholders
by the majority in interest of the stockholders of each cor-
poration so uniting or consolidating, or with the assent in
writing of such majority in interest. The corporation so
formed by such consolidation shall, when such consolidation
shall have been completed as hereinafter referred to, have all
the powers and franchises by this Act conferred upon the
corporation hereby incorporated, and all the assets and
property of every kind of all the corporations so consolida-
ting or uniting shall, upon the completion of such consoli-
dation, be assigned and conveyed by such constituent
corporations to such consolidated corporation, and such con-
solidated corporation shall be liable for all the debts, con-
tracts and engagements of the said constituent corporations
as fully and to the same extent as such constituent corpora-
tions have been liable therefor at the time of the consolida-
tion. As soon as such consolidation shall have been deter-
mined upon the corporations so uniting or consolidating
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CHAP. 422
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shall execute a certificate of consolidation, signed by their
proper officers, respectively, under their respective corporate
seals, setting forth the terms of said consolidation; the said
certificate shall be filed in the office of the Secretary of
State, and when said certificate shall be filed the said con-
solidation shall be considered completed.
SEC. 20. And be it enacted, That the home or principal
office of this corporation shall be located in Caroline county,
25
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Execute a
certificate of
consolida-
tion.
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