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.
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