XII ARTICLES OF INXORPORATION. 



tion herebj' incorporated, shall thereupon receive, take over, and enter into 

 possession, custody, and management of all property, real or personal, of the 

 corporation heretofore known as the Carnegie Institution, incorporated, as 

 hereinbefore set forth under "An Act to establish a Code of Law for the 

 District of Columbia, January fourth, nineteen hundred and two," and to all 

 its rights, contracts, claims, and property of any kind or nature; and the 

 several officers of such corporation, or any other person having charge of 

 any of the securities, funds, real or personal, books or property thereof, shall, 

 on demand, deliver the same to the said trustees appointed by this Act or 

 to the persons appointed by them to receive the same; and the trustees of 

 the existing corporation and the trustees herein named shall and may take 

 such other steps as shall be necessary to carry out the purposes of this Act, 



Sec. 7. That the rights of the creditors of the said existing corporation 

 knov/n as the Carnegie Institution shall not in any manner be impaired by 

 the passage of this Act, or the transfer of the property hereinbefore men- 

 tioned, nor shall any liability or obligation for the payment of any sums due 

 or to become due, or any claim or demand, in any manner or for any cause 

 existing against the said existing corporation, be released or impaired; but 

 such corporation hereby incorporated is declared to succeed to the obliga- 

 tions and liabilities and to be held liable to pay and discharge all of the debts, 

 liabilities, and contracts of the said corporation so existing to the same effect 

 as if such new corporation had itself incurred the obligation or liability to 

 pay such debt or damages, and no such action or proceeding before any court 

 or tribunal shall be deemed to have abated or been discontinued by reason 

 of the passage of this Act. 



Sec. 8. That Congress may from time to time alter, repeal, or modify this 

 Act of incorporation, but no contract or individual right made or acquired 

 shall thereby be divested or impaired. 



Sec. 9. That this Act shall take effect immediately. 



Approved, April 28, 1904. 



