1392 LAWS OF MARYLAND.

check or otherwise, to act as agent for the purpose of issuing,
registering, countersigning or underwriting certificates of
stocks, bonds or other evidence of debt of any State, city,
county, municipality or public authority, corporation, associa-
tion or individual, on such terms as may be agreed upon; to
deal in exchange, foreign and domestic, and in every and all de-
scriptions of property, personal effects, securities, mortgages,
land, certificates of indebtedness, stocks of incorporated com-
panies, notes, warehouse receipts and bills of lading, loans and
stocks and bonds of the United States, or of any State, city,
county, municipality or incorporated company.

SEC. 7. And be it further enacted, That the corporation here-
by incorporated shall have the right and power at any time to
unite or consolidate with any other corporation or corporations
which may be incorporated for any one or more of the pur-
poses set forth in this Act, or which may be authorized to ex-
ercise any one or more of the powers conferred on the corpora-
tion hereby incorporated. The power to consolidate conferred
by this Act shall include the power to fix the terms of such con-
solidation, the amount and character of the capital and stock
of the corporation formed by such consolidation not exceeding
in the whole in amount the aggregate authorized capital of
the constituent corporations, the shares of stock and the con-
sideration to be issued or paid to the stockholders of the con-
stituent corporations, the name of the consolidated corpora-
tions, and to do all other acts, matters and things necessary or
proper to be done to carry out such consolidation. The power
to unite or consolidate by this Act conferred on the corpora-
tion hereby incorporated and on the corporations therein re-
ferred to shall be exercised by said corporations respectively
when authorized at any general or special meeting of stock-
holders by the majority in interest of the stockholders of each
corporation 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, including both as to such consolidated
corporation and the other corporations referred to in this sec-
tion, the powers by this section conferred, and shall also have
any other and further powers which any of the constituent cor-
porations may, at the time of such consolidation, have the
right to exercise; 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 con-
veyed by such constituent corporation to such consolidated cor-