HARRY W. NICE, GOVERNOR. 1143

for record, collect a recording fee of two dollars for each
certificate of consolidation or merger 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 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 Treas-
urer for the use of the State.

(6) The provisions of this Section shall not be held to
repeal any of the restrictions imposed by this Article on
the consolidation of railroads owning or operating com-
peting or parallel lines. Any corporation of this State
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.

SEC. 2. And be it further enacted. That a new Section
be and it is hereby added to Article 23 of the Annotated
Code of Maryland (Edition of 1924), to be known as Sec-
tion SS1/^, to follow Section 33 of said Article and to read
as follows:

SS1/^. Any one or more corporations of this State*
heretofore or hereafter incorporated, may be consolidated
with any one or more corporations of another State or
States the laws of which permit such consolidation, and
by such consolidation form one new corporation of this
State or of one of such other States. Any one or more
corporations of this State, heretofore or hereafter incor-
porated, and any one or more corporations of another
State or States may be merged into a corporation of this
State or of another State, if the laws of such other State
or States permit such merger. The word "State" as used
herein includes the United States, any State of the United
States, the District of Columbia and any territory or in-
sular possession of the United States.

Any such consolidation or merger shall be effected in
the manner following:

(1) If the new corporation to be formed by the con-
solidation, or the corporation to survive the merger, is to
be a corporation of this State, there shall be. an agreement
of consolidation or of merger, as the case may be, in
which shall be set forth: (a) the matters and facts re-
quired in the case of a consolidation or merger, as the
case may be, made pursuant to the provisions of Section
33 of this Article; and (b) the name and State of incor-
poration of each corporation party to said agreement or-