1222 LAWS OF MARYLAND. [CH. 596

of consolidation giving the names of the consolidating corpora-
tions, the name and the location of the principal office of the
new corporation, the date of 'the agreement of consolidation and
the time of the receipt of the same for record in the office of the
State Tax Commission. One of such certificates of consolidation
shall be transmitted by the Commission to the Clerk of the Cir-
cuit Court of each County in which any one of the consolidating
corporations owns property the title to which could be affected
by the recording of an instrument among the land records, as
shown by the agreement of consolidation, and if any of the con-
solidating corporations own such property in Baltimore City,
as shown by the agreement of consolidation, one of such certifi-
cates shall be transmitted to the Clerk of the Superior Court
of said city. Upon receipt of such certificate by a Clerk of a
Circuit or Superior Court, the same shall be by him promptly
recorded, among the land records. At the time of receiving such
agreement of consolidation for record, the State Tax Commission
shall collect recording fees of twenty dollars; six dollars of the
fees so collected shall be paid by it to the Secretary of State; four
dollars thereof shall be paid by it for recording the same to the
Clerk of the Circuit or Superior Court to whom such agreement
of consolidation shall be transmitted for recording as aforesaid;
and for the balance it shall account quarterly to the Comptroller
and pay the same forthwith to the State Treasurer for the use
of the State. In addition to any other recording fees required
by law, the State Tax Commission shall, at the time of receiving
the agreement of consolidation for record, collect a recording
fee of two dollars for each certificate of consolidation required;
and one-half of each such fee shall be paid by it for recording
the same to the Clerk of each Circuit or Superior Court to whom
a certificate of consolidation is transmitted for recording as
aforesaid; and for the other one-half it shall account quarterly
to the Comptroller and pay the same forthwith to the State
Treasurer for the use of the State.

30. When such agreement of consolidation has been delivered
to the State Tax Commission with the fees required by Section 29
of this Article and the bonus tax, if any payable, and not before,
all of the property and assets belonging to said consolidating
corporations of whatsoever nature and description, and all the
powers and rights and all debts and liabilities of said consolidat-
ing corporations of whatsoever nature and description, shall be
devolved upon said new corporation, which shall be regarded as
substituted by operation of law in the room and stead of said
consolidating corporations; and from the time of the delivery of