255
To appoint officers.
To accept surrender of shares.
To enter into arrangements for mutual concessions.
To bring
and defend actions, etc.
56
-
(f) To appoint, and at their discretion, remove or suspend such solicitors, attornies at Law, General Managers or General Manager, masters, mates, engineers and crew and managers, secetaries, officers, clerks, agents, servants and workmen for permanent, tem- porary or special services, as they may from time to time think fit, and to determine their powers and duties, and fix their salaries or emoluments, and require security in such instances and to such amount as they may think fit and to give award or allow any bonus, gratuity, or compensation to any officer or employee of the Company as may appear to it just or proper and to such amount as it may think fit; and from time to time to provide for the management of the affairs of the Company in Hongkong or elsewhere throughout the world in such manner as it thinks fit and in particular to appoint any person or persons to be the Attorney or Attorneys or Agent or Agents of the Company with such powers (includ- ing power to sub-delegate) and upon such terms as it may think fit and/or expedient. (g) To accept from any member on such terms and conditions as shall be agreed a sur- render of his shares or stock or any part thereof.
(h) To enter into any arrangement with any Company, firm, or person carrying on any business 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 a business, or profits that may seem desirable, and carry the same into effect.
(i) To institute, conduct, defend, compromise, compound or abandon any legal proceedings by or against the Company, or its officers, or otherwise concerning the affairs of the Company, and also to compound or allow
57
time for payment or satisfaction of any debts due to and of any claims or demands by or against the Company.
(j) To act on behalf of the Company in all To act for
Company in matters relating to bankrupts and insolvents bankruptcy. or liquidating debtors.
arbitration,
(k) To refer any claims or demands by or against To refer to
the Company to arbitration and observe and perform the awards.
To give
(1) To determine who shall make and give receipts.
receipts, releases and other discharges for money payable to the Company and for the claims and demands of the Company.
executions
(m) To determine who shall be entitled to execute To authorize
or sign on the Company's behalf, bills, notes, and signa- acceptances, indorsements, cheques, releases, tures. contracts and documents on behalf of the Company.
attorneys.
(n) From time to time to provide for the To appoint
management of the affairs of the Company in any part of the world in such manner as they think fit and in particular to appoint any person or persons to be the attorney or attorneys, or agent or agents of the Com- pany with such powers (including power to sub-delegate) and upon such terms as they may think fit.
(0) To invest and deal with any of the moneys To invest
of the Company not immediately required moneys. for the purposes thereof upon such securities and investments (other than shares of the Company) and in such manner as they may think fit and from time to time to vary or realize such investments.
(p) To execute in the name and on behalf of the To execute
mortgages of Company in favour of any Director or other indemnifica- person who
incur or be about to incur tion. may any personal liability whether as principal or surety for the benefit of the Company
No comments yet.
Private notes are available after approval.