Page:United States Statutes at Large Volume 77.djvu/48

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Assumption of l i a b i l i t i e s, etc.

Conditions.

Affidavit.

Effective date.

PUBLIC LAW 88.19-MAY 15, 1963

[77 STAT.

for its benefit^ shall be transferred to and vest in the consolidated corporation without further act or deed. Said consolidated corporation shall have the same powers, rights, and privileges with respect to such property and with respect to such bequests, devises, gifts, and transfers as would have been possessed by said consolidated corporation had such bequests, devises, gifts, and transfers been made directly to it and for its purposes, so far as such powers, rights, and privileges can be legally conferred by this Act, and otherwise shall have with respect to such property and such bequests, devises, gifts, and transfers the same powers, rights, and privileges as would have been possessed by the Association of Universalist Women had such consolidation not been effected. SEC. 3. The consolidated corporation shall be deemed to have assumed and shall be liable for all the liabilities and obligations of the Association of Universalist Women. SEC. 4. The consolidated corporation shall be deemed to haA'e agreed that it may be sued in the District of Columbia for any obligation or liability of the Association of Universalist Women and shall be deemed to have irrevocably appointed the Commissioners of the District of Columbia as its agent to accept service of process in any action for the enforcement of any such obligation or liability. As used in this Act, the term "Commissioners of the District of Columbia'' means the Commissioners of the District of Columbia or their designated agent. SEC. 5. The consolidation shall not be completed— (a) unless the same shall have been authorized by appropriate legislation enacted by the Commonwealth of Massachusetts; (b) unless at meetings called for the purpose, each of said existing corporations, by not less than a majority vote of those present and voting, shall have accepted this Act and any act of the legislature of the Commonwealth of Massachusetts relating to the consolidation; and (c) unless after the aforesaid authorization and acceptance said existing corporations shall have called and held an organization meeting of the consolidated corporation to be held at such time and place anywhere in the United States of America or Canada as said existing corporations may by separate vote designate at such meeting of acceptance, and each of the existing corporations shall at said meeting of acceptance designate its delegates to such organization meeting of the consolidated corporation for the purpose of adopting bylaws for the consolidated corporation and of electing initial officers, directors, and other officers thereof. SEC. 6. The consolidation shall be complete and effective upon the filing with the Commissioners of the District of Columbia of a certificate signed by the secretaries of said existing corporations who shall make affidavit setting forth detailed compliance with the provisions of section 5 and stating the names and addresses of the administrative board or board of directors and other officers initially elected by said organizing meeting. Said certificate shall be filed not later than sixty days after the date of said organizing meeting. SEC. 7. This Act shall take effect immediately. Approved May 15, 1963.

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