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Home > Investor Relations > Corporate Profile > Permitted Activities

Permitted Activities (Cont'd)
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16. Promote, finance or assist any other company for the purpose of acquiring the whole or any part of the goodwill, business, undertaking property or assets or assuming any of the liabilities of the Corporation, or of undertaking any business or operations which may in the opinion of the Directors directly or indirectly assist or benefit the Corporation or to enhance the value of any property or business of the Corporation, and to place or guarantee the placing of, underwrite, subscribe for, or otherwise acquire all or any part of the shares or securities of any such company as aforesaid;

17. Remunerate any person, firm or company rendering services to the Corporation either by cash payment or by the allotment to him or them of shares or other securities of the Corporation credited as paid up in full or in part or otherwise as may be deemed expedient;

18. Pay all or any expenses incurred in connection with the promotion the Corporation, or to contract with any person, firm or company to pay the same, and to pay commissions to brokers or intermediaries and others for underwriting, placing, selling, or guaranteeing the subscription of any shares or other securities of the Corporation;

19. Give or award pensions, annuities, gratuities, and superannuates or other allowances or benefits or charitable aid and generally to provide advantages, facilities and services for any qualified persons who are or have been directors holding any executive office of, or who are or have been employed by, the Corporation, or any company which is a subsidiary or the holding company of the Corporation or any other subsidiary of such holding company or the predecessors in business of the Corporation or of any such holding or subsidiary company and to the wives, widows, children and other relatives and dependants of such persons; to make payments towards insurance; and to set  up, establish, support and maintain superannuates and other funds or schemes (whether contributory or non-contributory) for the benefit of any of such persons and of their wives, widows, children and other relatives and dependants;

20. Insure the life of any person or to insure against any accident to any person who may, in the opinion of the Directors, be of value to the Corporation as having or holding for the Corporation interests, goodwill or influence or other assets and to pay the premiums on such insurance;

21. Support, subscribe for or donate money to any qualified national, charitable, benevolent, public, general or useful object or for any purpose which may in the opinion of the Directors directly or indirectly further the interests of the Corporation or of its shareholders, provided always that this object shall not permit the making of any political subscriptions or donations;

22. Subject to due compliance, and in accordance, with the provisions of the Canadian Income Tax Act (if and so far as such provisions shall be applicable), to give, whether directly or indirectly any kind of financial assistance for any such purpose as the Act permits; and

Procure the Corporation to be registered or recognized in any part of the world and to do all or any of the things or matters aforesaid in any part of the world either as principals, agents, contractors or otherwise, and by or through agents, brokers, sub-contractors or otherwise and either alone or in conjunction with others.
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