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Construc- tion of regulations.
Agreement
by share-
holders to abide by Ordinance and Re- gulationa.
Objects of
the Bank,
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SCHEDULE
Regulations
1. The following shall be the regulations of the Bank, and they shall be construed by the law in force for the time being in Hong Kong.
2. Every shareholder, his heirs, executors, administrators, or assigns or successors shall perform the several engagements on the part of the shareholders which are expressed in the Ordinance and in the regulations, and shall in all other respects perform and abide by the provisions of the Ordinance and the regulations.
3. The objects of the Bank are:-
(1) The carrying on the business of banking in all its branches and departments and of financial agents including the issue of notes; the borrowing, raising or taking up of money; the lend- ing or advancing, with or without security, of money, securities and property, and also with or without security the granting or contracting for open general credits; and also the receiving of money on deposit or current account at interest or otherwise; the making, drawing, accepting, endorsing, issuing, discount- ing, buying, selling, exchanging, remitting and otherwise deal- ing with bills of exchange, promissory notes, coupons, com- pradore orders, native bank orders, drafts, bills of lading, warrants, bonds, debentures, certificates, scrip and other instru- ments and securities whether transferable or negotiable or not; the granting and issuing of letters of credit and circular notes; the buying, selling and dealing in bullion specie and coins: the negotiating of loans and advances; the collecting and transmitt- ing of money and securities; the managing of property; and the transacting of all kinds of agency business commonly transacted by bankers.
(2) To take, accept, enforce, release, realise or deal with any security now held or which may hereafter be held by the Bank for any moneys owing or to become owing to the Bank, o for any liabilities incurred or to be incurred towards or by the Bank by way of mortgage, pledge, hypothecation, deposit or otherwise howsoever of every kind of property or rights.
(3) To carry on the business of a savings bank in all branches of
such business.
(4) To acquire by purchase or otherwise, or otherwise to partici- pate in, deaf in, and turn to account, the business of any mercantile trading or banking concern or any other business of whatsoever nature and any part of the real and personal property belonging to any such concern in connection with the business operations carried on by such concern.
(5) To establish, carry on, undertake, finance, or otherwise deal with and turn to account, any business, undertaking, transac- tion or operation commonly carried on or undertaken by bankers, discounters, bill brokers, bullion brokers, or exchange brokers.
(6) To hold, improve, undertake, realise and deal with as may seem expedient any business or property which the Bank may be- come entitled to by foreclosure or otherwise, and for the pur- pose of better realizing or dealing with any security to purchase the equity of redemption of or any share or other interest of whatsoever nature in any property upon or in connection with which the Bank has or may have any charge or lien.
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(7) To issue on commission, underwrite or otherwise subscribe conditionally or unconditionally for, take, acquire, hold, sell, exchange, and otherwise deal in shares, stocks, funds, deben- tures, debenture stock, bonds, mortgages, obligations, options, option certificates, Treasury Bills, or securities of any govern- ment, state, principality, authority, or body, whether supreme, provincial, municipal, local or otherwise, or of any corporation, company, association, syndicate, firm, or person; and to give any guarantee for the payment of money or the performance of any obligation or undertaking in relation to mortgages, contracts, and agreements of every nature, loans, investments, and securities or otherwise, or for any other purpose, and whether made or effected or acquired through the Bank's agency or otherwise.
(8) To finance and assist railways, tramways, or other commercial undertakings, of whatsoever nature, whether on sea or on land, and also corporations, companies, associations, syndicates, firms, or persons, of all kinds or descriptions; and to negotiate loans of every description with any government, state, prin- cipality, authority, or body, whether supreme, provincial, municipal, local or otherwise and with any corporation, com- pany, association, syndicate, firm or person.
(9) To act as trustee for the holders of or otherwise in relation to any shares, stocks, funds, debentures, debenture stock, bonds, mortgages, obligations, options, option certificates, Treasury Bills, or securities issued or to be issued by any government, state, provincial, municipal or other authority, corporation, company, association, syndicate, firm or person and generally to undertake and execute any trusts, whether public or private, and to undertake and execute either alone or jointly with others, and either in its own name or through or by ineans of an Officer or a party appointed by the Bank, the office of Receiver or Manager for debenture holders or other mortgagees, Cus- todian, Trustee, Executor, Administrator, Receiver, Manager, Committee, Liquidator, Treasurer, Comptroller, Registrar, Ac- countant or Auditor, or any other office of trust or confidence, and to perform and discharge the duties incident to any such office, and to transact all kinds of business arising in connection therewith; and to keep for any corporation, company, associa- tion, syndicate, firm or person and for any government, state, principality, authority or body, whether supreme, provincial, nunicipal, local or otherwise, any register relating to any real or personal property, or to any stocks, funds, shares or securi- ties, and to undertake any duties in relation thereto, or to the registration of transfers, assignments, mortgages, charges, deeds, documents or things, or the issue of certificates, or otherwise.
(10) To make deposits, enter into recognizances and honds and otherwise give security for the due execution and performance, whether by the Bank or by any Officer of the Bank or by any other party, of the duties of Custolian, Trustee, Executor, Administrator, Receiver, Manager, Committee, Liquidator, Treasurer, Comptroller, Registrar, Accountant, or Auditor, or any other office of trust or confidence, or any other duties, or any contracts, agreements or obligations, and generally to carry on guarantee and fidelity business of all kinds, and to effect counter-guarantees.
(11) To purchase or otherwise acquire and to invest money in or to advance and lend money on the security of land or any interest therein, buildings, crops, godowns, goods, wares, merchandise and produce, shares, securities and any other kind of real and personal property whatsoever and wheresoever.
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