Pursuant to the provisions of item 7, clause 8 of the Charter, HD Faculty™ is permitted to “borrow and raise money in any manner whatsoever whether by the creation and issue of debentures, debenture stock, or other securities of any description or otherwise howsoever and to secure the repayment of any money borrowed, raised or owing or any other obligation of, or binding on HD Faculty™ by mortgage, charge, standard security, lien, or other security upon the whole or any part of HD Faculty™'s property or assets (whether present or future), including its uncalled capital”.