Part 3 — Incorporation and Organization Division 1 Memorandum of Association
20 Powers of company
the following powers, except those of them expressly excluded by
the memorandum:
(a) the power to purchase, take on lease or in exchange, hire, or
otherwise acquire and hold any real and personal property
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and any rights or privileges that the company may think
necessary or convenient for the purposes of its business;
(b) the power to construct, improve, maintain, develop, work,
manage, carry out or control any roads, ways, tramways,
branches or sidings, bridges, reservoirs, watercourses,
wharves, manufactories, warehouses, electric works, shops,
stores and other works and conveniences that may seem
calculated, directly or indirectly, to advance the company's
interests, and the power to contribute to subsidize, or
otherwise assist or take part in the construction,
improvement, maintenance, working, management, carrying
out or control thereof;
(c) the power to acquire and undertake the whole or any part o f
the business, property and liabilities of any person or
company, wheresoever incorporated, carrying on any
business that the company is authorized to carry on, or
possessed of property suitable for the purposes of the
company;
(d) the power to apply for, purchase or otherwise acquire any
patents, licences, concessions, and the like, conferring any
exclusive or non-exclusive or limited right to use, or any
secret or other information as to any invention capable of
being used for any of the purposes of the company or the
acquisition of which may seem calculated, directly or
indirectly, to benefit the company, and the power to use,
exercise, develop, or grant licences in respect of, or
otherwise turn to account the property, rights, or
information so acquired;
(e) the power to enter into par tnership or into any arrangement
for sharing of profits, union of interests, co-operation, joint
adventure, reciprocal concessions or otherwise with any
person or company, wheresoever incorporated, carrying on
or engaged in or about to carry on or engage in any business
or transaction that the company is authorized to carry on or
engage in, or any business or transaction capable of being
conducted so as, directly or indirectly, to benefit the
company;
(f) the power to enter into with any governments or authorities
(municipal, local or otherwise), any agreements that seem
conducive to the company's objects or any of them, the
power to obtain from any such government or authority any
rights, privileges, and concessions that the company thinks
it desirable to obtain, and the power to carry out, exercise,
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and comply with any such arrangements, rights, privileges,
and concessions;
(g) the power to take or otherwise acquire and hold the shares ,
stock, debentures, or other securities of any company,
wheresoever incorporated, having objects altogether or in
part similar to those of the company, or carrying on any
business capable of being conducted so as, directly or
indirectly, to benefit the company, and the power to sell or
reissue, with or without guarantee, or otherwise deal with
items;
(h) the power to borrow or raise or secure the payment of
money in any manner the company thinks fit, and, without
limiting the generality of the foregoing, by the issue of
debentures or debenture stock, perpetual or otherwise,
charged on all or any of the company's property (both
present and future), including its uncalled capital, and the
power to purchase, redeem, or pay off any such securities;
(i) the power to adopt any means of making known the
products of the company that seems expedient, and in
particular by advertising in the press, by circulars, by
purchase and exhibition of works of art or interest, by
publication of books and periodicals, and by granting prizes,
rewards, and donations;
(j) the power to lend money to any person or company,
wheresoever incorporated, having dealings with the
company or with whom the company proposes to have
dealings, and the power to guarantee the contracts of any
such person or company;
(k) the power to raise and assist in raising money for, and to aid
by way of bonus, loan, promise, endorsement, guarantee or
otherwise, any person or company with whom or which the
company may have business relations or any of whose
shares, securities or other obligations are held by the
company and to guarantee the performance or fulfilment of
any contracts or obligations of any such person or company,
and in particular to guarantee the payment of the principal of
and interest on securities, mortgages and liabilities of any
such person or company;
(l) repealed 2020 c25 s2(12);
(m) the power to promote any company or companies for the
purpose of acquiring all or any of the property and liabilities
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of the company or for any other purpose that seems, directly
or indirectly, calculated to benefit the company;
(n) the power to remunerate any person or company,
wheresoever incorporated, for services rendered or to be
rendered in placing or assisting to place or guaranteeing the
placing of any of the shares in the company's capital or any
debentures, debenture stock or other securities of the
company, or in or about the formation or promotion of the
company or the conduct of or the sale or disposition of its
business;
(o) the power to draw, make, accept, endorse, execute and issue
promissory notes, bills of exchange, bills of lading,
warrants, and other negotiable or transferable instruments;
(p) the power to carry on any business capable of being
conveniently carried on in connection with the business of
the company, or calculated, directly or indirectly, to enhance
the value of or render profitable any of the company's
property or rights;
(q) the power to sell, improve , manage, develop, exchange,
lease, dispose of, turn to account or otherwise deal with all
or any part of the property and rights of the company;
(r) the power to invest and deal with any money of the
company that is not immediately required, in any manner
from time to time determined;
(s) the power to establish and support or aid in the
establishment and support of associations, institutions,
funds, trusts and conveniences calculated to benefit
employees or ex-employees of the company or its
predecessors in business, or the dependants or connections
of those persons, and the power to grant pensions and
allowances and to make payments towards insurance and to
subscribe or guarantee money for charitable or benevolent
objects or for any exhibition or for any public, general or
useful object;
(t) the power to procure the registration and recognition of the
company in any foreign country or place, and the power to
designate persons therein, according to the laws of the
foreign country or place, to represent the company, and to
accept service for and on behalf of the company of any
process or suit;
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(u) the power to carry out all or any of the objects of the
company and do all or any of the above things as principals,
agents, contractors, or otherwise, and either alone or in
conjunction with others;
(v) the power to do all other things incidental or conducive t o
the attainment of the objects and the exercise of the powers
of the company.
(2), (3) Repealed 2020 c25 s2(12).
(4) A company has, as ancillary and incidental to the objects set
forth in the memorandum, the power to sell or dispose of the
undertaking of the company or any part thereof for any
consideration the company thinks fit, unless the power is expressly
excluded by the memorandum.
RSA 2000 cC-21 s20;2020 c25 s2(12)