New Jersey Acts Saved from Repeal ACTS SAVED 15 § 5-8(55)

6. That from and after such consolidation the several companies which shall so as aforesaid join in said consolidation, shall be deemed to have been merged into said consolidated company, and the meadow lands lying within the bounds of said several companies which have been so merged, shall be no further liable to any assessment or charge or other exercise of power, by any of said several companies, or the officers thereof, save only for the collection of debts, obligations, assessments or charges existent and outstanding at the time of said consolidation, as hereinbefore provided.