s.33Powers of corporation
33
Section 33Part 4Cayman Islands Conference of Seventh-day Adventists

Powers of corporation

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The corporation shall have power for the benefit and purposes of the Church or for any special purpose or purposes of or connected with the work of the Church in the Islands, with respect to any lands, hereditaments, goods, chattels and effects or seal or personal property, or any estate or interest therein to —
acquire, hold, purchase, lease, possess and enjoy any lands and hereditaments whatsoever in fee simple, for leasehold, or for any other estate or interest therein, and all property, real, personal or mixed;
give, grant, let, charge, improve, manage, develop, exchange, lease, mortgage, sell, convey, assign, dispose of, turn to account or otherwise deal with all or any of the property, both present and future, so held or vested, or any part thereof;
borrow, raise or secure the payment of money in such manner as may be thought fit, and in particular by the issue of debentures or scrip charged upon all or any of the property (both present and future) held by or vested in the corporation, and to redeem and pay off such securities; and
appoint an attorney or attorneys, either generally or for a limited period, for such purposes and with such powers as may be stated in the power of attorney, and to revoke any such appointment.