Part 8 – Borrowing |
8.01 In order to carry out the purposes of the Society the Directors may, only by special resolution passed by 75 percent vote at a General Meeting, on behalf of and in the name of the Society, raise and secure the payment or repayment of money in such manner as they decide and in particular, but without limiting the generality of the foregoing, by the issue of debentures.
8.02 The members of the society may, by special resolution passed by majority vote at a General Meeting, restrict the borrowing powers of the Directors, but a restriction so imposed shall expire at the next Annual General Meeting.
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