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effectually transferred such share, after which time such person, on becoming registered or transferred, shall receive such dividend.
Borrowing Powers.
89. (1) The Directors may from time to time at Power to their discretion raise or borrow, or secure the payment borrow, of any sum or sums of money for the purposes of the Company.
be borrowed.
(2) The Directors may raise or secure the payment Conditions or repayment of such sum or sums in such manner and on which upon such terms and conditions in all respects as they money may think fit and in particular, by the issue of debentures or debenture stock of the Company charged upon all or any part of the property of the Company (both present and future) including its uncalled capital for the time being.
(3) Debentures, debenture stock and other securities Assignment may be made assignable free from any equities between the Company and the person to whom the same may be issued.
(4) Any debentures, debenture stock, bonds or Special other securities may be issued at a discount, premium privileges. or otherwise and with any special privileges as to redemption, surrender, drawings, allotment of shares, attending and voting at general meetings of the Com- pany, appointment of Directors and otherwise.
(5) The Directors shall cause a proper register to Register of be kept at the Registered Office in accordance with Mortgages. section 102 of the Companies Ordinance 1911 of all mortgages and charges specifically affecting the property of the Company; and shall duly comply with the requirements of section 95 of the said Ordinance in regard to the registration of mortgages and charges therein specified and otherwise.
(6) If any uncalled capital of the Company is Mortgage of included in or charged by any mortgage or other uncalled security the Directors may by instrument under the capital. Company's seal authorise the person in whose favour such mortgage or security is executed or any other person in trust for him to make calls on the members
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