32
Conduct of
Bank's business.
Bank to carry any of its objects into effect, or for dissolving the Bank and re-incorporating its members as a new company or corporation for any of the objects specified in these presents, or for effecting any modification in the Bank's constitution, or for enlarging the powers of the Bank under the Ordinance and under these regulations, whether such powers be cognate to the powers granted hereby or not.
(19) To borrow or raise money in such manner as the Bank shall think fit and on security or otherwise and in particular by the issue of debentures or debenture Stock, bonds or other obligations (whether perpetual or otherwise) and whether charged or not upon all or any of the Bank's property (both present and future) including its uncalled capital, and to create, execute and issue mortgages, debentures and charges, and to issue circular notes, bills, drafts and other instruments and securities, whether payable to bearer or otherwise, and to make the same or any of them assignable free from equities.
(20) To establish and support, or aid in or contribute to the establishment and support, of associations, institutions, funds, trusts and conveniences, calculated to benefit employees or ex-employees of the Bank or the dependants or connections of such persons; and to grant pensions and allowances and donations to any persons who have been in the employ of the Bank, or to employees or ex-employees of any persons, firms companies or corporations whose business may have been acquired by the Bank; and to make payments towards insurance, and to subscribe or guarantee money for gifts or testimonials, or for national, provincial, municipal, educational, scientific, religious, charitable or benevolent objects, or for any public, general, or useful object.
(21) To sell, improve, manage, develop, exchange, lease, mortgage, dispose of, turn to account, or otherwise deal with all or any part of the property, concessions, franchises, charters, patents, monopolies, privileges or rights of the Bank for the time being, whatsoever and wheresoever.
(22) To establish, promote, or concur in establishing or promoting any company corporation syndicate or firm whose business or objects shall include the acquisition and taking over of all or any of the property assets and liabilities of the Bank, or in which the Bank is interested, or which shall be in any manner calculated to advance directly or indirectly the objects or interests of the Bank, and to take or otherwise acquire and hold shares in or securities of any such company, corporation, syndicate or firm, and to guarantee any payments in respect of any shares, debentures or securities (whether in the nature of capital, principal, income or interest, or otherwise) issued by any such company corporation, syndicate or firm.
(23) To do all or any of the above things in any part of the world, and as principal, agent, contractor, trustee or in any other capacity whatever, and by or through trustees, agents or other- wise, and either alone or in conjunction with others.
(24) To do all such other acts and things in all parts of the world as shall seem to the Bank incidental or conducive to the attain- ment of the above objects or any of them.
4. Any branch or kind of business, which either by the Ordinance or by these regulations is either expressly or by implication authorised to be undertaken by the Bank, may be undertaken by the Board at such time or times as the Board shall think fit, and further may, subject to obtaining any necessary consent, be suffered by it to be in abeyance, whether such branch or kind of