Section 209. Effect of consolidation

The consolidated corporation shall
  possess all the powers of the constituent corporations  and  shall  have
  the power and be subject to the duties and obligations of a congregation
  of  the  Jewish  faith  formed  for  like  purposes  under the religious
  corporations law. All the rights, privileges and interests  of  each  of
  the  constituent  corporations,  all  the  property,  real, personal and
  mixed, and all the debts due on whatever account to either of them,  and
  all things in action, belonging to either of them, shall be deemed to be
  transferred to and vested in such new corporation without further act or
  deed;  and  all  claims,  demands,  property,  and every other interest,
  belonging  to  the  several  constituent  corporations,  shall   be   as
  effectually  the  property  of  the  new corporation as they were of the
  constituent corporations, and the title to all real  property,  held  or
  taken  by  deed or otherwise under the laws of this state, vested in the
  several constituent corporations shall not be deemed to revert or to  be
  in  any  way impaired by reason of the consolidation but shall be vested
  in the new corporation. Any devise, bequest, gift, grant, or declaration
  of trust, contained in any deed, will, or other instrument, in trust  or
  otherwise, made before or after such consolidation, to or for any of the
  constituent corporations, shall inure to the benefit of the consolidated
  corporation.  The  consolidated  corporation  shall  be  deemed  to have
  assumed and shall be  liable  for  all  debts  and  obligations  of  the
  constituent  corporations  in the same manner as if such new corporation
  had itself incurred such debts or obligations.