1220 LAWS OF MARYLAND. [CH. 596

provisions of this Section and of Sections 30 and 31 of this
Article shall not be held to repeal any of the restrictions im-
posed by this Article on the consolidation of railroads owning
or operating competing or parallel lines, and provided further
that any corporation which shall take advantage of this Section
shall be deemed to have waived all claim to exemption from
taxation or from repeal or modification of its charter.

(2) Such consolidation shall be made in the manner follow-
ing: There shall be an agreement of consolidation between the
consolidating corporations giving: (a) the terms and conditions
of the proposed consolidation; (b) 'the mode of carrying the
same into effect; (e) the name of the new corporation; (d) the
post office address of the place at which the principal office of
the corporation in this State will be located as in the case of a
certificate of incorporation and the name or names and post-
office address or addresses of the resident agent or agents who
will be in charge thereof, as in the case of a certificate of incor-
poration; (e) the Counties in this State in which any of the con-
solidating corporations own property, the title to which could
be affected by the recording of an instrument among the land
records, and if any of the consolidating corporations own such
property in the City of Baltimore, the agreement of consolida-.
tion shall so state; (f) the number, names and addresses of the
directors and the names of the officers, who shall act as such
until their successors are duly chosen and qualified; (g) the
amount of authorized capital stock of each consolidating cor-
poration and the total amount of authorized capital stock of
the new corporation and the number and par value of the
shares; (h) the total amount of capital stock of the new cor-
poration to be issued for stock of the consolidating corporations;
(i) the restrictions, if any, imposed upon the transfer of the
shares or of any of them; (j) if the capital stock is classified,
the amount, par value, preferences, restrictions and qualifica-
tion of each class, specifying the amount of each class authorized
and the amount of each class to be issued for stock of the con-
solidating corporations; (k) the manner of converting the capi-
tal stock of each of the consolidating corporations into stock of
the new corporation; (1) all such other provisions and details
which shall be deemed necessary to perfect the consolidation.
The agreement of consolidation may also contain any amend-
ment or amendments which may be desired, but if such amend-
ment or amendments be made therein, the agreement of consoli-
dation shall contain all of the matters and things required to be