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AR:ICi.:: YiII
Upo~ t:~e cffectiva u:.ta of tho :?~erAar. th• aas~ta at~d
1labilitie• of tho corporatioz:s partica co this a$rsaawat shall
b• carriad ua rha books of hapeland at th~ snwunta at ~+h1ch tbey
r~sp~ctiv~~y ar.all b~ car'ried on such d~ta on t:zo booiu of th•
corporations aao urs partias to this agrea~ant.
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The capital surp2w and aarned surplu~ ot Kopsland~ ;
ahLll be t:~e su~ of the :~spec~ivo cspital surp2u,~~a and sarn~d
su~:usas of thee corpo:s~:or.~ ~axtioa to this a~,rserasnC, aub~ect
y in each c~s to suc~ iatcr-co~~~ny ad~ ~sta~.~nts or alirsina~ioiu as '
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~ a$y b• rvquired to givo effe~t to tne m~rger. Tha aggregats a~~aunt :
~
' . S~ is's~ ~aaisis is~ ~s:~ ~.~Y`~~~a~iuu$ pBYC~~~ Ct~.~ ~g~e~t
~ w:,ecb va~ l~Eally ava~lable .or t~.s paym~a~t of divi~eada imiadsdiat~ly
~ grior to z:3e m~ergar, ro cr.s Qy~on~ that tha val•.u tnsrao! ia not ~
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- sransfersed to sts~ed cr:~~tal by the fa~uanca of sh~es or othQrv'+st.
s2u11 coatir~us to be $vai~ab:o for the payr~ant of divi~iaudr by ~
Hopel~ad.
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- A.RTZCLE IX
= For all purp~srss o. the law~ of the State of Louiaiana -
. thi~ agY~ea~nt and tne ~rger he:ein proviciod for shall b~coms
. affectiv8 and tha s~para~e exiate:~ca of Kaaoll, sxcept iasofaY
a~ it ar.ay aontinue by statct0, s:~all ceaso a~ ~aon as thia sgre~-
nen~ ~hall h~vs bQen adoptad. ~pgroved, signed and acknowlaciged
im accor~nco with la~rs of the State of I.ouisiaaa~ and certificatns
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of its a~optioa as~d app:oval ex~cuted ia accordance With sucb lawa
and this agresrsent a~ad such c~rti:fcatss stull hav~ bs~a? filsd ia
~ ths offic~ of the Sacrstary of State of Louisiaaa.
Upo~n tt~ t4srger D~xs kopeland ehall posaas~ all,th~
~ right~. privilogea and franc3~fses poa,~eaaed by it and Kaaoll aad
all of th0 proparty of what~oaver kind oY descziption of both
.
Hopeland and ~asoll. togatber with a11~ d~bts dua an ~shat~v~r
account ta aithar of thea. i.ncluding subscriptions faY ~cluras
and otbeY chosas iis action belonging to eithar of thaa• ~aid
= cosporationa. ~hall be daems~ to b~ tranafazred to sad reiavsstad
`x ia Kopal~aad ~rithout further aat o~ d~ed; Hopalaud shall b~s
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~ rospoasiblo fos all liabilitias and c~blip;atlaas oi lCasoll ia tb~
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