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Officers of dissolved companies to be officers of amalgamated company.
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49. All clerks, officers, and servants who at the time of amalgamation are in the employment of the dissolved company, shall thereupon become clerks, officers, or servants, as the case may be, of the amalgamated company, with the same rights, and subject to the same obligations and incidents in respect of such employment as they would have had or been subject to as the clerks, officers, or servants of the dissolved company, and shall so continue unless and until they respectively are duly removed from such employment by the amalgamated company, or until the terms of their employment are duly altered by the amalgamated company.
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