HomeMy WebLinkAbout0919 privileges, powers, franchises and imrnunities, of a public as vell as of
a priva[e na[ure. and be sub~ecc to all tl~e restric[lons, disabilities
and duties of the Company and of ISA Dclavarc, and all and singular the
righte, privileges, povers, franchises and immunities of the Company and
of ISA Delaware, and all property, real, personal and mixed. and all
debts due to the Company or ISA Delavare, on vhatever account, and all
other choses in action of or belongin~ to Ehe Company and ISA Delaware,
shall be vesced in ISA Delavare, and all property, righ[s, privileges,
powers and franchises. and al: and every other in[erest, shall be thereafter
as effectually the property of ISA Delavare as they vere of the Company
and ISA Delaware, and the citle [o any real estate, vested by deed or
otherwiae, under the lava of the States of Minnesota or Delaaare~ or of
j any of the other states of the ~niceu States. in eitlier the Company or
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i ISA Delavare, ahall no[ revert or be~in any way impaired by reason of
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~ the merger. provided that all rights of creditors and all liens upon any
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~ proper[y of the Company and ISA Delavare shall be preserved unimpaired,
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' limited to the property affected by such liene at the time of such
~ werger, and all debta; liabilities and duties of the Company and ISA
Delaware shall thenceforth attach [o ISA Delavare and may be enforced
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~ againet it [o the same extent as if said debts. liabilities and duties
~ had been incurred or contracted by i[.
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On the effective da[e, the regiscra[ion statements of ISA-Minnesota for
~ the sale of aecurities including. but not limited to, SP-77, I-76, R-77
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~ and D-1 shall become the registration statements of ISA-Delaware and it
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~ shall assume the oblibatione thereunder.
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