Secretary of the Commonwealth, the merger or consolidation shall
be effective, and, in the case of a consolidation, the new
authority shall come into existence, and, in either case, the
articles of merger or consolidation shall constitute the
articles of incorporation of the surviving or new authority.
(g) Creation of surviving or new authority.--Upon the merger
or consolidation becoming effective, the several existing
authorities to the plan of merger or consolidation shall become
a single authority, which, in the case of a merger, shall be
that authority designated in the articles of merger as the
surviving authority and, in the case of a consolidation, shall
be a new authority as provided in the articles of consolidation.
The separate existence of all existing authorities named in the
articles of merger or consolidation shall cease, except that of
the surviving authority in the case of a merger.
(h) Disposition of property and accounts.--All of the
property, real, personal and mixed, and all interests in the
property of each of the existing authorities named in the plan
of merger or consolidation, all debts due and whatever amount
due to any of them, including their respective right, title and
interest in and to all lease rentals, sinking funds on deposit,
all funds deposited under lease or trust instruments shall be
taken and deemed to be transferred to and vested in the
surviving or new authority, as the case may be, without further
act or deed.
(i) Continuation of contracts.--The surviving authority or
the new authority shall be responsible for the liabilities and
obligations of each of the existing authorities so merged or
consolidated but shall be subject to the same limitations,
pledges, assignments, liens, charges, terms and conditions as to
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