CAP. 70]
The Hongkong and Shanghai Bank Regulations
[1989 Ed.
[Subsidiary]
the conduct of the business of the bank (other than the power to make calls), with power to sub-delegate, and may authorize the members for the time being of any such committee as is mentioned in paragraph (b) or any of them, to fill any vacancies therein and to act notwithstanding vacancies; and any such appointment or delegation may be made on such terms and subject to such conditions as the board may think fit; and the board may at any time remove any member for the time being of any such committee, and may annul or vary any such appointment or delegation, but no party dealing in good faith and without notice of such annulment or variation shall be affected thereby;
(d) the provisions of regulation 89 shall apply mutatis mutandis to any member of any such committee;
(e) the board may at any time and from time to time, by power of attorney under seal, appoint any person to be the attorney of the bank for such purposes and with such powers, authorities and discretions (other than power to make calls) and for such period and subject to such conditions as the board may from time to time think fit, and any such appointment may (if the board thinks fit) be made in favour of any director or any one or more of the shareholders or any member of any such committee so constituted or established as aforesaid, or in favour of any company or of the members, directors, nominees or managers of any company or firm, or otherwise in favour of any fluctuating body of persons, whether nominated directly or indirectly by the board, and any such power of attorney may contain such powers for the protection or convenience of persons dealing with such attorney as the board may think fit;
(f) any such attorney as aforesaid may be authorized by the board to sub-delegate all or any of the powers, authorities and discretions for the time being vested in him.
The common seal
119. (Repealed L.N. 157 of 1987)
120.
Custody, attestation and change
(L.N. 157 of 1987)
(1) The common seal shall be under the charge of the board which may from time to time give such directions as it thinks fit for the custody and use thereof.
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