CO129-520-7 Public Utility companies- acquisition by foreign groups 4-12-1929 - 26-1-1930 — Page 135

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shares, bonds, debentures or other securities of the Company, and any such shares may be issued either as fully paid up or with such amount credited as paid up thercon 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 Company and its uncalled capital, or not so charged.

(c) To secure the fulfilment of any contracts or To secure

engagements entered into by the Company, contracts by Mortgage or Charge of all or any of the by mortgage. property of the Company and its unpaid

capital for the time being or in such other

manner as they think fit.

(d) To appoint and, at their discretion, remove or To appoint suspend, such managers, secretaries, officers, officers, etc. clerks, agents, servants 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 to require security in such instances and to such amount as they think fit.

(e) To appoint any person or persons (whether To appoint

incorporated or not) to accept and hold in Trustees. trust for the Company any property belonging to the Company or in which it is interested, or for any other purposes, and to execute and do all such deeds and things as may be re- quisite in relation to any such trust, and to provide for the remuneration of such Trustee or Trustees.

(f) To institute, defend, compromise, or abandon To bring,

any legal proceedings by or against the Com- defend pany, or its Officers, or otherwise concerning actions, etc. 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.

(g) To refer any claims or demands by or against To refer to the Company to arbitration and observe and arbitration. perform the awards.

(h) To make and give receipts, releases and other To give re-

discharges for money payable to the Company, ceipts, etc. and for the claims and demands of theCompany.

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