To further its objects the Referees Society shall have the power to do all such things as are incidental or conducive to the objects of the Referees Society including (but not limited to) all or any of the following:
4.1 Either directly or indirectly to employ, invest and deal with the assets and funds of the Referees Society for the objects of the Referees Society in such manner as shall be considered by the Committee to be expedient, and to do all such other acts and things and carry on all such other activities (including (but not limited to) leasing, subleasing, releasing, renting, acquiring, altering, erecting, holding, selling, improving, developing; repairing hiring, lending with or without security or otherwise dealing with real and personal property of any kind) as shall be considered by the Committee to be necessary or expedient for the purposes of the Referees Society or the advancement of its interests.
4.2 To raise or borrow money for the purposes of or in connection with the activities of the Referees Society or any of them as the Committee thinks fit in accordance with the following provisions:
4.2.1 Any sum or sums raised or borrowed may be on mortgage, charge, bonds or debentures of all or any of the funds or property of the Referees Society whether or not including any floating charge of the whole or part of the undertaking property and assets of the Referees Society both present and future.
4.2.2 At the time of any borrowing the sum of the amount then remaining undischarged of monies borrowed and of the amount of the proposed borrowing shall not exceed 50,000 pounds or such sum as the Members in General Meeting may from time to time determine.
4.2.3 The rate of interest payable at the time the terms of borrowing are agreed on any money borrowed shall not exceed the rate of interest which in the opinion of the Committee represents the market rate of interest for borrowings of similar amount and on similar terms prevailing at that time except that in the case of a mortgage loan the Committee may delegate the determination of the interest rate within specified limits to an Officer, Committee Member or Sub-Committee.
4.2.4 The Committee may determine from time to time (subject to rules 4.2.1, 4.2.2 and 4.2.3) the terms and condition upon which money is raised or borrowed or security is issued and may vary such terms and conditions.
4.2.5 No person lending money to the Referees Society shall be concerned to see or enquire whether either of the limits imposed by rule 4.2.2 or Rule 4.2.3 is exceeded at the time of the borrowing or issue and if either or both of such limits were to be exceeded no borrowing incurred in excess of such limits shall be invalid unless such person had received express notice to this effect at the time of borrowing.
4.3 To give any security or securities whether by way of mortgage or otherwise for the performance of any contracts or any debts, liabilities or obligations of the Referees Society or any of its subsidiaries or other persons or corporations in whose business or undertaking the Referees Society is interested, or to whom or in respect of whom the Referees Society has given any personal covenant, guarantee or indemnity, whether directly or indirectly and collaterally or further to secure any obligation of whatever nature of the Referees Society by a trust deed or other assurance.
4.4 To accept and grant sponsorship and franchises and to make such arrangements in connection therewith as the Committee shall think fit.
4.5 To apply for and hold any licences, consents, certificates, permissions and approvals that may be required for or in connection with the activities of the Referees Society and (among other things) to provide catering and such other facilities as the Committee shall consider desirable.
4.6 To invite, receive and make donations for or otherwise promote or assist in the development or continuance of facilities for, or the prestige of, the Game or any other sport or recreation.
4.7 To support (whether by direct subscription, the giving of guarantees or otherwise) any charitable, benevolent or educational fund, institution or organisation, or any event or purpose of a public or general nature, the support of which will or may in the opinion of the Committee, directly or indirectly benefit, or is calculated so to benefit, the Referees Society or its activities or its employees, ex employees, referees, former referees or their dependants.
4.8 To engage such officials and employees upon such terms and at such remuneration as the Committee may deem appropriate, and to dismiss or retire any of them as may be necessary.
4.9 To provide pensions, insurances and other benefits to employees or to ex-employees of the Referees Society or the dependants and relatives of any such persons and to establish and maintain or concur in establishing and maintaining trusts, funds, schemes or other arrangements (whether contributory or non contributory) with a view to providing such benefits including (but not limited to) retirement benefits and/or life assurance schemes.
4.10 To maintain bank accounts in credit or overdrawn on such terms as the Committee shall think fit including the giving of guarantees and indemnities in respect of direct debits and other money transmission or collection systems whether pursuant to Rule 15.5 or otherwise.
4.11 To pass such resolutions, regulations and instructions which shall be binding on all Members as are considered necessary for the better management, organisation, administration and regulation of the Referees Society.
4.12 To settle, conduct, enforce or resist either in a court of law or by arbitration any suit, debt, liability or claim by or against the Referees Society.