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Objects of a company.
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11.—(1) The principal objects of a company shall be stated in its memorandum of association to be—
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(a) to take all proper measures for the management, control, operation and development of its harbour and the approach channels thereto,
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(b) to provide such facilities, services, accommodation and lands in its harbour for ships, goods and passengers as it considers necessary,
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(c) to promote investment in its harbour,
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(d) to engage in any business activity, either alone or in conjunction with other persons, that it considers to be advantageous to the development of its harbour,
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(e) to utilise and manage the resources available to it in a manner consistent with the objects aforesaid.
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(2) Nothing in this section shall prevent or restrict the inclusion among the objects of a company as stated in its memorandum of association of all such objects and powers as are reasonably necessary or proper for or incidental or ancillary to the due attainment of the principal objects aforesaid and are not inconsistent with this Act.
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(3) A company shall have power to do anything which appears to it to be requisite, advantageous or incidental to, or which appears to it to facilitate, either directly or indirectly, the performance by it of its functions as specified in this Act or in its memorandum of association and is not inconsistent with any enactment for the time being in force.
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(4) Without prejudice to the generality of subsection (3), a company may—
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(a) take such steps either alone or in conjunction with other persons as are necessary for the efficient operation and management of its harbour,
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(b) appropriate any part of its harbour to the use of any person for the purposes of any trade or profession in consideration of the payment to it of such charges as the company considers reasonable,
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(c) promote leisure activities that may be carried on in its harbour or which relate to the marine generally,
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(d) engage either alone or in conjunction with other persons in activities outside the State (related to its functions in respect of its harbour) which, in its opinion, will promote the interests of trade or tourism in the State.
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