To invest.
To provide houses and offices.
To appoint officers, clerks etc.
To appoint, and send to any place any direc
tors with certain powers.
To appoint, either tem-
porarily or permanently,
officers or servants of the bank for special duty.
To delegate powers to directors and others.
To appoint Trustees.
To bring and defend etc., actions,
To com- pound debts.
To refer to arbitration.
To appoint person to act for bank re
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(5) To invest and deal with any moneys of the Bank not imediately re- quired for the purposes thereof upon such securities and investments (not being shares in the Bank) and in such manner as they may think fit, and from time to time to vary or realize such securities and investments.
(6) To provide for the Head Office and the other establishments of the Bank in all parts of the world, and for the Bank's Chief Manager, Managers or other employees such houses and premises as the Board thinks suitable, and to permit the same or such parts thereof as the Board think proper to be used as residences or offices of any of the Officers and employees of the Bank and also generally to purchase, take on lease, or otherwise acquire any lands, buildings, or premises, property, rights, privileges or things for all or any of the purposes of the Bank or which it may be deemed convenient to acquire and hold for or in connection with any such purposes at such prices whether of a pecuniary nature or not and generally on such terms and con- ditions as the Board thinks fit.
(7) To appoint, and at its discretion, remove or suspend, any Chief Manager, Managers, Inspectors, Sub-Managers, Agents, Sub-agents, Chief Accountant, Accountants, Sub-accountants, Compradores, Shroffs. Officers, clerks and servants for permanent, temporary, or special services, as the Board may from time to time think fit, and to invest him or them with such powers and duties as the Board may think expedient, and to determine their duties and to fix their salaries or emoluments, and to require and take security in such instances and to such amount as the Board may think fit.
(S) To appoint and send to any place where the business of the Bank is authorised to be carried on, one or more of the Directors, with such powers of inspection, control, and regulation of the business or affairs of the Bank, and such other powers, and with such instructions and subject to such con- ditions and restrictions as the Board thinks fit, and to allow such remunera- tion as the Board thinks fit, and to revoke or suspend any such appointment.
(9) To appoint and send either temporarily or permanently to any such place as aforesaid, any Officers or servants of the Bank, in any capacity which the Board thinks expedient. for any of the business or affairs of the Bank, and to allow them such remuneration as it thinks fit, and to revoke or suspend any such appointment.
(10) To delegate to any such Directors, or Offfeers or servants of the Bank respectively any of the powers of the Board by a power of attorney or deed under seal, and to invest them respectively with any such powers as the Board in its discretion think expedient for the due conduct, management, and regulation of any of the business or affairs of the Bank.
(11) To appoint any person or persons (whether incorporated or not) to accept and hold in trust for the Bank any property or assets belonging to the Bank, or in which it is interested, or for any other purposes, and to execute and do all such deeds and things as may be requisite in relation to any such trust and to provide for the remuneration of such Trustee or Trustees.
(12) To institute, conduct, defend, compromise or abandon any legal or other proceedings or claims by or against the Bank, or its Officers or ser- vants, or otherwise concerning the affairs of the Bank, and also to compound and allow time for payment or satisfaction of any debts due and of any claims or demands by or against the Bank.
(13) To refer any claims or demands by or against the Bank to arbitra- tion, and to observe and perform the awards.
(14) To determine who shall make proofs of debt and otherwise act on behalf of the Bank in cases of bankruptcies and insolvencies and windings-up bankruptcies of companies or other administrations of assets.
etc.
In default of such determination the local Manager shall act.
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