CAP. 70]
The Hongkong and Shanghai Bank Regulations
[1989 Ed.
[Subsidiary]
parliament or legislature, or of any foreign government or authority (whether supreme or provincial) or of any sovereign, legislative assembly or council, or of any court of justice, or any provisional or other order of the Board of Trade, or of any provincial, municipal or local authority or other proper authority of whatever nature for enabling the bank to carry any of its objects into effect, or for dissolving the bank and reincorporating its members as a new company or corporation for any of the objects specified in these regulations, or for effecting any modification in the bank's constitution;
(*) to borrow or raise money in such manner as the bank thinks fit and on security or otherwise and in particular by the issue of debentures or debenture stock, bonds or other obligations (whether perpetual or otherwise) and whether charged or not upon all or any of the bank's property (both present and future) including its uncalled capital, and to create, execute and issue mortgages, debentures and charges, and to issue circular notes, bills, drafts and other instruments and securities, whether payable to bearer or otherwise, and to make the same or any of them assignable free from equities;
(s) to establish and support or aid in or contribute to the establishment and support of associations, institutions, funds, trusts and conveniences calculated to benefit employees or ex-employees of the bank or the dependants or connections of such persons; and to grant pensions and allowances and donations to any persons who have been in the employ of the bank or to employees or ex-employees of any persons, firms, companies or corporations whose business may have been acquired by the bank; and to make payments towards insurance and to subscribe or guarantee money for gifts or testimonials, or for national, provincial, municipal, educational, scientific, religious, charitable or benevolent objects, or for any public, general or useful object;
(t) to sell, improve, manage, develop, exchange, lease, mortgage, dispose of, turn to account or otherwise deal with all or any part of the property, concessions, franchises, charters, patents, monopolies, privileges or rights of the bank for the time being, whatsoever and wheresoever;
(u) to establish, promote or concur in establishing or promoting any company, corporation, syndicate or firm whose business or objects include the acquisition and taking over of all or any of the property, assets and liabilities of the bank or in which the bank is interested, or which are in any manner calculated to advance
A 12
CAP. 70]
The Hongkong and Shanghai Bank Regulations
[1989 Ed.
[Subsidiary]
parliament or legislature, or of any foreign government or authority (whether supreme or provincial) or of any sovereign, legislative assembly or council, or of any court of justice, or any provisional or other order of the Board of Trade, or of any provincial, municipal or local authority or other proper authority of whatever nature for enabling the bank to carry any of its objects into effect, or for dissolving the bank and rein- corporating its members as a new company or corporation for any of the objects specified in these regulations, or for effecting any modification in the bank's constitution;
(*) to borrow or raise money in such manner as the bank thinks fit and on security or otherwise and in particular by the issue of debentures or debenture stock, bonds or other obligations (whether perpetual or otherwise) and whether charged or not upon all or any of the bank's property (both present and future) including its uncalled capital, and to create, execute and issue mortgages, debentures and charges, and to issue circular notes, bills, drafts and other instruments and securities, whether payable to bearer or otherwise, and to make the same or any of them assignable free from equities;
(s) to establish and support or aid in or contribute to the establishment and support of associations, institutions, funds, trusts and conveniences calculated to benefit employees or ex-employees of the bank or the dependants or connections of such persons; and to grant pensions and allowances and donations to any persons who have been in the employ of the bank or to employees or ex-employees of any persons, firms, companies or corporations whose business may have been acquired by the bank; and to make payments towards insurance and to subscribe or guarantee money for gifts or testimonials, or for national, provincial, municipal, educational, scientific, religious, charitable or benevolent objects, or for any public, general or useful object;
(t) to sell, improve, manage, develop, exchange, lease, mortgage, dispose of, turn to account or otherwise deal with all or any part of the property, concessions, franchises, charters, patents, monopolies, privileges or rights of the bank for the time being, whatsoever and wheresoever;
(u) to establish, promote or concur in establishing or promoting any company, corporation, syndicate or firm whose business or objects include the acquisition and taking over of all or any of the property, assets and liabilities of the bank or in which the bank is interested, or which are in any manner calculated to advance
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