CO129-520-7 Public Utility companies- acquisition by foreign groups 4-12-1929 - 26-1-1930 — Page 134

Minutes receivable as prima facie evidence.

Powers of Directors.

Specific

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(b) of the names of the Directors present at each Mecting of the Directors and of any Com- mittee of Directors.

(e) of all orders made by the Directors and any

Committee of Directors.

(d) of all resolutions and proceedings of General Meetings and of meetings of the Directors and Committees.

And any such minutes of any meeting of the Directors or of any Committee or of the Company, if purporting to be signed by the Chairman of such meeting, or by the Chairman of the next succeeding meeting, shall be receiv- able as prima facie evidence of the matters stated in such minutes and as regards all minutes evidencing the sanc- tion of the Directors shall be conclusive of such sanction.

Powers of Directors.

118. The management of the business of the Com- pany shall be vested in the Directors who, in addition to the powers and authorities by these Presents or otherwise expressly conferred upon them, may exercise all such powers and do all such acts and things as may be exercised or done by the Company and are not hereby or by Ordinance expressly directed or required to be exercised or done by the Company in General Meeting, but subject nevertheless to the provisions of the Ordinances and of these Presents and to any regulations from time to time made by the Company in General Meeting not being inconsistent with such provisions or these Presents; pro- vided that no regulation so made shall invalidate any prior act of the Directors which would have been valid if such regulation had not been made.

119. Without prejudice to the general powers conferred powers given by the last preceding Article and the other powers con- to Directors. ferred by these Presents, it is hereby expressly declared that the Directors shall, subject to the provisions of these Presents, have the following powers, that is to say, power:-

To acquire property.

To pay for property in debentures,

etc.

(a) To purchase, hire or otherwise acquire for the Company any property, rights or privileges, which the Company is authorised to acquire at such price and generally on such terms and conditions as they think fit.

(b) To

pay for any property, rights or privileges acquired by, or services rendered to, the Com- pany, either wholly or partially in cash or in