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The powers of the Association are:
(1) To take over the funds and other assets and liabilities
of the present unincorporated association known as Industrial
Technology and Design Teachers' Association.
(2) To subscribe to, become a member of and cooperate with
any other association, club or organisation, whether
incorporated or not, whose objects are altogether or in part
similar to those of the Association provided that the
Association shall not subscribe to or support with its funds any
club, association or organisation which does not prohibit the
distribution of its income and property among its members to an
extent at least as great as that imposed on the Association
under or by virtue of rule 28(10).
(3) In furtherance of the objects of the Association to buy,
sell and deal in all kinds of articles, commodities and
provisions, both liquid and solid, for the members of the
Association or persons frequenting the Association's premises.
(4) To purchase, take on lease or in exchange, hire and
otherwise acquire any lands, building, easements or property,
real and personal, and any rights or privileges which may be
requisite for the purposes of, or capable of being conveniently
used in connection with, any of the objects of the Association:
Provided that in case the Association shall take or hold any
property which may be subject to any trusts the Association
shall only deal with the same in such manner as is allowed by
law having regard to such trusts.
(5) To enter into any arrangements with any Government or
Authority that are incidental or conducive to the attainment of
the objects and the exercise of the powers of the Association;
to obtain from any such Government or Authority any rights,
privileges and concessions which the Association may think it
desirable to obtain; and to carry out, exercise and comply with
any such arrangements, rights, privileges and concessions.
(6) To appoint, employ, remove or suspend such managers,
clerks, secretaries, servants, workmen and other persons as may
be necessary or convenient for the purposes of the Association;
(7) To remunerate any person or body corporate for services
rendered, or to be rendered, and whether by way of brokerage or
otherwise in placing or assisting to place or guaranteeing the
placing of any unsecured notes, debentures or other securities
of the incorporated association, or in or about the incorporate
association or promotion of the incorporated association or in
the furtherance of its objects.
(8) To construct, improve, maintain, develop, work, manage,
carry out, alter or control any houses, buildings, grounds,
works or conveniences which may seem calculated directly or
indirectly to advance the Association's interests, and to
contribute to, subsidise or otherwise assist and take part in
the construction, improvement, maintenance, development,
working, management, carrying out, alteration or control
thereof.
(9) To invest and deal with the money of the Association not
immediately required in such manner as may from time to time be
thought fit.
(10) To take, or otherwise acquire, and hold shares,
debentures or other securities of any company or body corporate.
(11) In furtherance of the objects of the Association to lend
and advance money or give credit to any person or body
corporate; to guarantee and give guarantees or indemnities for
the payment of money or the performance of contracts or
obligations by any person or body corporate, and otherwise to
assist any person or body corporate.
(12) To borrow or raise money either alone or jointly with
any other person or legal entity in such manner as may be
thought proper and whether upon fluctuating advance account or
overdraft or otherwise to represent or secure any moneys and
further advances borrowed or to be borrowed alone or with others
as aforesaid by notes secured or unsecured, debentures or
debenture stock perpetual or otherwise, or by mortgage, charge,
lien or other security upon the whole or any part of the
incorporated association's property or assets present or future
and to purchase, redeem or pay-off any such securities.
(13) To draw, make, accept, endorse, discount, execute and
issue promissory notes, bills of exchange, bills of lading and
other negotiable or transferable instruments.
(14) In furtherance of the objects of the Association 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 Association.
(15) To take or hold any mortgages, liens or charges, to
secure payment of the purchase price, or any unpaid balance of
the purchase price, of any part of the Association's property of
whatsoever kind sold by the Association, or any money due to the
Association from purchasers and others.
(16) To take any gift or property whether subject to any
special trust or not, for any one or more of the objects of the
Association but subject always to the proviso in sub-rule (4).
(17) To take such steps by personal or written appeals,
public meetings or otherwise, as may from time to time be deemed
expedient for the purpose of procuring contributions to the
funds of the Association, in the shape or donations, annual
subscriptions or otherwise.
(18) To print and publish any newspapers, periodicals, books
or leaflets that the Association may thank desirable for the
promotion of its objects.
(19) In furtherance of the objects of the Association to
amalgamate with any one or more incorporated associations having
objects altogether or in part similar to those of the
Association and which shall prohibit the distribution of its or
their income and property among its or their members to an
extent at least as great as that imposed upon the Association
under or by virtue of rule 28(10).
(20) In furtherance of the objects of the Association to
purchase or otherwise acquire and undertake all or any part of
the property, assets, liabilities and engagements of any one or
more of the incorporated associations with which the Association
is authorised to amalgamate.
(21) In furtherance of the objects of the Association to
transfer all or any part of the property, assets, liabilities
and engagements of the Association to any one or more of the
incorporated associations with which the Association is
authorised to amalgamate.
(22) To make donations for patriotic, charitable or community
purposes.
(23) To transact any lawful business in aid of the
Commonwealth of Australia in the prosecution of any war in which
the Commonwealth of Australia is engaged.
(24) To do all such other things as are incidental or
conducive to the attainment of the objects and the exercise of
the powers of the Association. |