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(2) At its discretion to pay for any property, concessions, franchises, charters, patents, monopolies, rights, or privileges acquired by, or services rendered to, the Bank either wholly or partially in cash or in shares, bonds, debentures, or other securities of the Bank and any such shares may be issued either as fully paid up or with such amount credited as paid up thereon as may be agreed upon; and any such bonds, debentures, or other securities may be either specifically charged upon all or any part of the property of the Bank and its uncalled capital, or not so charged.
(3) To secure the fulfilment of any contracts or engagements entered into by the Bank by mortgage or charge of all or any of the property of the Bank and its uncalled capital for the time being, or in such other manner as it may think fit.
(4) To accept from any shareholder, on such terms and conditions as shall be agreed, a surrender of his shares or stock or any part thereof.
To pay for property, rights, etc., partly in
cash and partly in shares.
To secure fulfilment of contracts by charge on property of bank.
To accept surrender of shares.
(5) To invest and deal with any moneys of the Bank not immediately To invest. required for the purposes thereof upon such securities and investments (not being shares in the Bank) and in such manner as they may think fit, and from time to time to vary or realize such securities and investments.
(6) To provide for the Head Office and the other establishments of the Bank in all parts of the world, and for the Bank's Chief Manager, Managers or other employees such houses and premises as the Board thinks suitable, and to permit the same or such parts thereof as the Board think proper to be used as residences or offices of any of the Officers and employees of the Bank and also generally to purchase, take on lease, or otherwise acquire any lands, buildings, or premises, property, rights, privileges or things for all or any of the purposes of the Bank or which it may be deemed convenient to acquire and hold for or in connection with any such purposes at such prices whether of a pecuniary nature or not and generally on such terms and conditions as the Board thinks fit.
To provide houses and offices.
officers, clerks etc.
(7) To appoint, and at its discretion, remove or suspend, any Chief To appoint Manager, Managers, Inspectors, Sub-Managers, Agents, Sub-agents, Chief Accountant, Accountants, Sub-accountants, Compradores, Shroffs, Officers, clerks and servants for permanent, temporary, or special services, as the Board may from time to time think fit, and to invest him or them with such powers and duties as the Board may think expedient, and to determine their duties and to fix their salaries or emoluments, and to require and take security in such instances and to such amount as the Board may think fit.
(8) To appoint and send to any place where the business of the Bank is authorised to be carried on, one or more of the Directors, with such powers of inspection, control, and regulation of the business or affairs of the Bank, and such other powers, and with such instructions and subject to such conditions and restrictions as the Board thinks fit, and to allow such remuneration as the Board thinks fit, and to revoke or suspend any such appointment.
(9) To appoint and send either temporarily or permanently to any such place as aforesaid, any Officers or servants of the Bank, in any capacity which the Board thinks expedient, for any of the business or affairs of the Bank, and to allow them such remuneration as it thinks fit, and to revoke or suspend any such appointment.
(10) To delegate to any such Directors, or Officers or servants of the Bank respectively any of the powers of the Board by a power of attorney or deed under seal, and to invest them respectively with any such powers as the Board in its discretion think expedient for the due conduct, management, and regula- tion of any of the business or affairs of the Bank.
(11) To appoint any person or persons (whether incorporated or not) to accept and hold in trust for the Bank any property or assets belonging to the Bank, or in which it is interested, or for any other purposes, 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.
To appoint and send to any place
any direc- tors with certain powers.
To appoint, either tem- porarily or permanently, officers or servants of the bank for special duty.
To delegate powers to directors and others.
To appoint Trustees.
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