Corporate Successor
As a corporate entity, the corporation known as The Proprietors of the Susquehanna Canal still exists, having been purchased by the Philadelphia Electric Company, and now owned by its successor, Exelon. Its rights as a Maryland corporation dating to 1783, allowed the construction of the Conowingo Dam.
Read more about this topic: Susquehanna And Tidewater Canal
Famous quotes containing the words corporate and/or successor:
“If when a businessman speaks of minority employment, or air pollution, or poverty, he speaks in the language of a certified public accountant analyzing a corporate balance sheet, who is to know that he understands the human problems behind the statistical ones? If the businessman would stop talking like a computer printout or a page from the corporate annual report, other people would stop thinking he had a cash register for a heart. It is as simple as that—but that isn’t simple.”
—Louis B. Lundborg (1906–1981)
“The name of a successor is like the tolling of my own death-bell!”
—Elizabeth I (1533–1603)