Blue & Gold Forum

Trust Rules

POWERS

3. The Society may achieve these objects in whole or in part through an interest or interests in companies or societies provided that the objects of the companies or societies are consistent with the Society’s objects. In particular the Society may acquire an interest in the Club or any limited company owning or controlling the Club either itself or through a subsidiary.

4. In order to achieve its objects the Society may either itself or through a subsidiary company or society acting under its control:

  • a. buy, sell and lease property;
  • b. borrow;
  • c. grant security over its property and assets;
  • d. establish promote and maintain for the purposes of the Society any lawful fund raising scheme;
  • e. buy and hold shares in the Club
  • f. hold and exercise proxies for shares in any company owning or controlling the Club either itself or through a subsidiary;
  • g. promote means to give supporters greater opportunity to invest in the Club;
  • h. award pensions, allowances, gratuities and bonuses to past and present employees (including their dependants and people connected with them) of:
    • (i) the Society;
    • (ii) any predecessor of the Society; and
    • (iii) any subsidiary company or society of the Society;
  • i. set up and maintain itself or with others trusts funds or schemes (whether contributory or non-contributory) intended to provide pension or other benefits for the people referred to in Rule 4(h);
  • j. indemnify or take out and maintain insurance for the benefit of people who are or were:

(i) members of the Society Board or the Executive Board; or

(ii) officers; or

(iii) employees; or

(iv) trustees of a pension fund

of the Society or any subsidiary company or society of the Society against any liability which they may have as a result of their involvement with the Society or its subsidiaries;

  • k. indemnify or take out and maintain insurance for the benefit of people who are or were elected or nominated by the Society to serve on the board of any company owning or controlling the Club;
  • l. so far as permitted by these Rules take out and maintain insurance against any risks to which the Society may be exposed;
  • m. co-operate with other supporters organisations, co-operatives and societies conducted for the benefit of the community at local, national and international levels;
  • n. do anything else which is necessary or expedient to achieve its objects.

5. The business of the Society is to be conducted for the benefit of the community served by the club and not for the profit of its members.




Article Index
Powers
Application of Profits
Membership
Shares
Removal of Members
Organisation
Rights and Powers of Members
Duties & Powers of Board
Chief Exec. & Executive Board
Secretary
General Meetings
Postal Ballots
Constitution of Board
Board Meetings
Committees
Constitution of Executive Board
Financial Audit
Performance Audit
Annual Returns
Amendment to Rules
Changes
Investment and Borrowing
Dissolution
Indemnity
Miscellaneous
Disputes