Memorandum and Articles of Association

(e) To lend money to and to take security for such loans from and to guarantee and become or give security for the performance of contracts and obligations by any charitable organisation or body.
(f) To draw, make, accept, endorse, discount, execute and issue promissory notes, bills of exchange, bills of lading, warrants, and other negotiable, transferable, or mercantile instruments.
(g) To subscribe for either absolutely or conditionally or otherwise acquire and hold shares, stocks, debentures, debenture stock or other securities or obligations of any other company.
(h) To invest the moneys of the Society not immediately required for the furtherance of its objects in or upon such investments, securities or property as may be thought fit, subject nevertheless to such conditions (if any) and such consents (if any) as may for the time being be imposed or required by law.
(i) To purchase, take on lease or in exchange, hire or otherwise acquire any real or personal property and any rights or privileges and to construct, maintain and alter any buildings or erections which the Society may think necessary for the promotion of its objects.
4. The income and property of the Society shall be applied solely towards the promotion of its objects as set forth in this Memorandum of Association and no portion thereof shall be paid or transferred, directly or indirectly, by way of dividend, bonus or otherwise howsoever by way of profit, to members of the Society, and no member of its Council of Management or Governing Body shall be appointed to any office of the Society paid by salary or fees or receive any remuneration or other benefit in money or money's worth from the Society.
Provided that nothing herein shall prevent any payment in good faith by the Society:
(a) of reasonable and proper remuneration to any member, officer or servant of the Society (not being a member of its Council of Management or Governing Body) for any services rendered to the Society;
(b) of interest on money lent by any member of the Society or of its Council of Management or Governing Body at a reasonable and proper rate per annum not exceeding 0.5 per cent less than the published base lending rate of a clearing bank to be selected by the Council of Management or Governing Body;
(c) of reasonable and proper rent for premises demised or let by any member of the Society or of its Council of Management or Governing Body;
(d) of fees, remuneration or other benefit in money or money's worth to any company of which a member of the Council of Management or Governing Body may also be a member holding not more than 4% of the capital of that company; and
(e) to any member of its Council of Management or Governing Body of reasonable out-of-pocket expenses; and
(f) of any premium in respect of any such indemnity insurance as is permitted by Clause 3(m) of the Memorandum of Association of the Society.

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