Tattersall’s Club Act of 1888
6Power to borrow or to sell or grant leases
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6 Power to borrow or to sell or grant leases
6 Power to borrow or to sell or grant leases
It shall be lawful for the committee, in the name of the chairman from time to time on behalf of and for the purposes of the said club, to borrow money by way of mortgage of the lands, tenements, and hereditaments, real or personal, of the club, or by issue of debentures secured upon the lands, tenements, and hereditaments, real or personal, of the club, or in any other way upon the security of the lands, tenements, or hereditaments, real and personal, of the club, or to sell or grant leases for any term of the lands, tenements, and hereditaments, real or personal, of the club or any portion thereof, and in any way to realize, or dispose of the moneys, goods, and chattels, choses in action or other personalty of the club for and in futherance of the objects of the club. Provided that no such borrowing, mortgage, issue of debentures, or sale or leasing of the said lands, tenements, and hereditaments, shall be made without the consent of the majority of a special general meeting of the club called to consider such proposed borrowing, mortgage, issue of debentures, sale, leasing, realization, or disposition.