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To appoint attorneys and agents.
To accept surrender
of shares.
To appoint trustees.
To enter into arrange- ments for
mutual
concessions.
To bring and defend actions, etc.
50
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amount as they think fit, and to give award or allow any pension, bonus, gratuity, or com- pensation to any agent, officer or employee of the Company as may appear to them just or and to such amount as they may think proper fit and at their discretion on behalf of the Com- pany may enter into agreements for service with such managers, secretaries, sub-agents, officers, clerks, compradores, or shroffs, ser- vants and other employees respectively.
(5) They may from time to time provide for the management of the affairs of the Company in Hongkong or elsewhere throughout the world in such manner as they shall think fit, and in particular to appoint any person or persons to be the attorneys or agents of the Company with such powers (including power to sub-delegate) and upon such terms as they think fit.
(6) To accept from any member, on such terms and conditions as shall be agreed, a surren- der of his shares or stock or any part thereof. (7) To appoint any person or persons (whether incorporated or not) to accept and hold in trust for the Company, any property belong- ing to the Company, or in which it is interest- ed, or for any other purpose, 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.
(8) To enter into any arrangement with any com- pany, firm, or person carrying on any busi- ness similar to that of this Company for mutual concessions, or for any joint working or combination, or for any restriction upon competition, or for any pooling of business or profits that may seem desirable, and carry the same into effect.
(9) To institute, conduct, defend, compromise or abandon any legal or other proceedings and
51
claims whatsoever, by or against the Com- pany, or its officers, or otherwise concerning the affairs of the Company, and also to com- pound, and allow time for payment or satis- faction of any debts due, and of any claims or demands by or against the Company.
(10) To refer any claims or demands by or against To refer
the Company to arbitration, and observe and claims to per form the awards.
arbitration.
(11) They may determine who shall make and To give
give receipts, releases and other discharges receipts. for and on behalf of the Company for money payable to the Company, and for the claims and demands of the Company.
(12) They may determine who shall be entitled To authorise to accept, endorse, sign and execute on the acceptances.
Company's behalf, bills of exchange, bills
of lading, dividend warrants, debentures, receipts, indorsements, releases, contracts, and documents.
brokers.
(13) To employ such agents or brokers and other To employ persons as they may think necessary for agents and furthering the interests of the Company and pay them such salaries, commissions or other remuneration as he or they, may deem rea- sonable.
(14) To accept such security for the fulfilment of To accept
any contracts or engagements entered into security. with the Company as they may think fit.
(15) To invest and deal with any of the monies Power to
or funds of the Company not immediately invest, required for the purposes thereof in or upon freehold, leasehold, or chattel real securities in the Colony of Hongkong or any other Colony or dependency of the United King- dom or in Shanghai or in China or in or upon deposits at interest with any Bank or Native Bank or in or upon the stocks, funds, shares, bonds, debentures, mortgages, or securities of any corporation, company, or public body, municipal, commercial or other-
97