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Appendix B Searches
asset of the trust; to open and operate bank accounts in the usual way, to draw, make, accept, endorse, discount, execute, issue or otherwise deal with all forms of negotiable or transferable instruments and to enter into any bill facilities or other form of banking facilities; to give receipts for money received; to deposit any securities, deeds or other documents with any bank; to underwrite shares, securities or other obligations; to grant options in respect of any of the assets of the trust; to become a director, or appoint any person as a director, of any company an interest in which forms part of the assets of the trust, and to be independently paid an amount appropriate for such a position; subject to the relevant provisions of this deed, to appoint new trustees in relation to all or any part of the fund on any terms the trustee sees fit: to receive any real or personal property by gift or by will as additions to the assets of the trust; to grant, cancel or redeem an annuity; to divide the assets in their own particular form, without first realising those assets, between the trust fund and any other trusts established under this deed; to exercise a power or discretion even though the trustee or a director, member, associate or relative of the trustee has or may have a direct or indirect interest in the method or result of exercising the power or discretion, or may benefit directly or indirectly from its exercise, provided that such power or discretion is exercised in good faith and for a proper purpose; to take any action to protect the assets of the trust; to enter into, manage and vary any arrangement relating to currency exchange, interest rates, interest rate caps, collars, floors or swaps, any currency forward rate agreement and any other financial risk management agreement; to mix the trust fund with any other money, funds or property, including without : limitation, other trusts’ money, funds or property and may join with any other person or the trustee in its personal capacity or as trustee or any other trust fund or both of them in making common investments; in addition to the power set out in clause 28, to appoint in writing an attorney or attorneys and delegate the exercise of all or any of the powers or discretionary authorities hereby conferred on the trustee and execute any powers of attorney or other instruments necessary to effect such purpose; to make any election required or permitted at law; subject to the provisions of this deed, to exercise all or any of these powers: . as the trustee sees fit;
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