A plan of merger approved by a resolution of the board of each corporation shall be proposed setting out
(1) the names of the corporations proposing to merge and the name of the surviving corporation into which they propose to merge;
(2) the terms and conditions of the proposed merger;
(3) the manner and basis of converting the shares of each merging corporation into shares or other securities or obligations of the surviving corporation;
(4) a statement of changes in the articles of incorporation of the surviving corporation caused by the merger; and
(5) other provisions of the merger considered necessary or desirable.