HERBERT R. O'CONOR, GOVERNOR. 1663

articles of consolidation shall recite that they are executed
pursuant to this sub-heading and shall state: (1) the name
of each consolidating cooperative and the address of its prin-
cipal office; (2) the name of the new cooperative, the address
of its principal office and the name and address of its resident
agent; (3) a statement that each consolidating cooperative
agrees to the consolidation; (4) the names and addresses of
the directors of the new cooperative; and (5) the terms and
conditions of the consolidation and the mode of carrying the
same into effect, including the manner in which members of
the consolidating cooperatives may or shall become members
of the new cooperative; and may contain any provisions not
inconsistent with this subheading deemed necessary or ad-
visable for the conduct of the business of the new cooperative.
The president or vice-president of each consolidating coopera-
tive executing such articles of consolidation shall make and
annex thereto an affidavit stating that the provisions of this
section in respect of such articles were duly complied with by
such cooperative.

477. Merger. Any one or more cooperatives (each of which
is hereinafter designated a "merging cooperative") may merge
into another cooperative (hereinafter designated the "sur-
viving cooperative"), by complying with the following re-
quirements;

(a) The proposition for the merger of the merging coopera-
tives into the surviving cooperative and proposed articles of
merger to give effect thereto shall be submitted to a meeting
of the members of each merging cooperative and of the sur-
viving cooperative, the notice of which shall have attached
thereto a copy of the proposed articles of merger;

(b) If the proposed merger and the proposed articles of
merger, with any amendments, are approved by the affirma-
tive vote of not less than two-thirds of those members of each
cooperative voting thereon at each such meeting, articles of
merger in the form approved shall be executed and acknowl-
edged on behalf of each such cooperative by its president or
vice-president and its seal shall be affixed thereto and at-
tested by its secretary. The articles of merger shall recite
that they are executed pursuant to this Act and shall state:
(1) the name of each merging cooperative and the address
of its principal office; (2) the name of the surviving coopera-
tive, the address of its principal office, and the name and
address of its resident agent; (3) a statement that each
merging cooperative and the surviving cooperative agree to
the merger; (4) the names and addresses of the directors of the
surviving cooperative; and (5) the terms and conditions of
the merger and the mode of carrying the same into effect, in-