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Raising £6,000 out of capital funds and application thereof and power to raise capital.
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5.—Notwithstanding anything contained in the Charter
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(1) The Committee of Management may forthwith raise out of the capital funds of the Institution a sum not exceeding £6,000 and apply the same for the purposes following that is to say:—
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(a) As to £2,800 part thereof in paying off existing debts and liabilities of the Institution and
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(b) As to the residue thereof in making structural improvements and in effecting structural repairs to the Home, short particulars of which said improvements and repairs are set forth in the Schedule hereto.
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(2) Subject to the approval of the Commissioners and with the sanction of a resolution passed at a special general meeting of the Governors, the Committee of Management may from time to time raise out of the capital funds of the Institution such sums as may be approved by the Commissioners and apply the same for the benefit of the Institution.
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