| (i)
|
to
receive and accept donations, grants and other money;
|
| (ii)
|
to
purchase or otherwise acquire, take on lease or hire, exchange,
improve, sell, mortgage, pledge, let, dispose of or otherwise
deal in property of any description whatsoever;
|
| (iii)
|
to
raise or borrow or secure any sum of money or the performance
of any obligation in such manner and upon such terms and conditions
as it deems fit and, in particular, by the execution of mortgage
or notarial bonds or the issue of debentures or debenture stock
charged upon all or any of the property of the Institute;
|
| (iv)
|
to
invest the funds of the Institute or any portion thereof in
such securities and in such manner as the Executive Committee
may from time to time determine and to vary or transpose such
investments in its discretion;
|
| (v)
|
to
open and operate banking accounts and savings accounts with
registered banking institutions and registered building societies;
|
| (vi)
|
to
apply and use the funds and income of the Institute to promote
the objects of the Institute;
|
| (vii)
|
(to
institute and defend legal proceedings;
|
| (viii)
|
to
appoint and remove any person as an officer, contractor, administrator,
supplier or employee of the Institute and to determine his designation,
duties, salary and other terms of employment;
|
| (ix) |
to pay reasonable travelling subsistence and other expenses
incurred in connection with the affairs of the Institute by
any members of the Institute or its Executive Committee or any
officer or employee of the Institute;
|
| (x) |
to enter into contracts and to authorise the settling of the
terms of and the signature of any contract or any other document;
|
| (xi)
|
to interpret any clause of the Constitution or by-laws if any
dispute arises as to its meaning, such interpretations being
binding on the members of the Institute if accepted by not less
than 66% of the members of the Executive Committee or their
alternates;
|
| (xii)
|
to
prescribe the form of the instrument appointing a proxy; and
|
| (xiii)
|
generally
to do whatever the Executive Committee deems necessary to enable
it to carry out the objects of the Institute and to exercise
the powers and to perform the functions and discharge the duties
given to or imposed upon it in terms of this Constitution.
|
| (xiv)
|
(xiv)
to the extent that such powers would not be in conflict with
or contrary to other provisions this Constitution, the Executive
Committee and its members shall have plenary powers to enable
them to realise the objects of the Institute, including, without
detracting from the generality of the aforegoing, the powers,
mutatis mutandis, stated in Schedule 2 of the Companies Act,
1973, provided further that the Executive Committee and its
members shall not have the power to carry on any trade, acquire
immovable property for purposes of deriving rental income, or
engage in any speculative transactions.
An adaptation
of Schedule 2 of the Companies Act (Act 61 of 1973) is attached
marked Annexure "A".
|
