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Session Laws, 1908 Session
Volume 483, Page 1359   View pdf image (33K)
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PRIVATE ACTS. 1359

purposes set forth in this Act, or which may be authorized to
exercise any one or. more of the powers conferred on the cor-
poration hereby incorporated, whether such corporation or
corporations shall have been heretofore or shall be hereafter
incorporated by virtue of or by the general laws of this State,
or any special law or Act. And any such corporation or cor-
porations with which the corporation hereby incorporated is
by this Act authorized to unite or consolidate, are hereby
equally authorized to unite and consolidate with the corpora-
tion by this Act incorporated. The power to consolidate con-
ferred by this Act shall include the power to fix the terms of
such consolidation, the place or places for doing business, the
amount and character of the constituent corporations, the shares
of stock and consideration to be issued or paid to the stockhold-
ers of the constituent corporations, the name of the consoli-
dated 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 consoli-
date therein referred to shall be exercised by said corporation,
respectively, when authorized at any general or special meet-
ing of stockholders by the majority in interest of the stock-
holders of each corporation so uniting or consolidating, with
the assent in writing of such majority in interest. The corpora-
tion so formed by such consolidation shall, when such consoli-
dation 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 consolidating
or uniting shall, upon the completion of such consolidation,
be assigned and conveyed by such constituent corporation to
such consolidated corporation, and such consolidated corpora-
tion, shall be liable for all the debts, contracts and engage-
ments of the said constituent as fully and to the same extent
as such constituent corporations have been liable therefor at
the time of the consolidation. As soon as such consolidation
shall have been determined upon, the corporations so uniting
or consolidating shall execute a certificate of consolidation,
signed by their proper officers, respectively, under their re-
spective corporate seals, setting forth the terms of said consoli-
dation; the said certificate shall be filed in the office of the
Secretary of State, and when said certificate shall be filed the
said consolidation shall be considered complete.

SEC. 16. And be it enacted, That the principal office of said
corporation shall be in Dorchester county.

 

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Session Laws, 1908 Session
Volume 483, Page 1359   View pdf image (33K)
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