New South Wales Consolidated Acts New South Wales Consolidated ActsIt shall be lawful for the body corporate:
(a) To engage in the preparation, manufacture, cultivation, distribution, and sale, either in Australia or elsewhere, of the vaccine known as the McGarvie Smith Vaccine, and of any other vaccine, medicine, or preparation which the trustees may think fit.
(b) To promote and advance, either alone or in conjunction with any other person or body corporate, or with the Department of Agriculture of New South Wales, veterinary science and the sciences of pathology, microbiology, parasitology, or any allied science, so far as they relate to veterinary science, and to engage in the promotion of scientific research and the equipment of laboratories in New South Wales or elsewhere in such manner and at such cost as the trustees may from time to time determine.
(c) To take or accept any gift, subsidy, or endowment, whether subject to any special trust or not, for all or any of the objects of the body corporate and to carry out any special trust to which such gift, subsidy, or endowment may be subject according to the terms thereof.
(d) To promote the passing of or enforcing or to join with any person or body corporate in having passed or enforced any legislation having for its object the promotion of the purposes for which the body corporate is established.
(e) To apply for and take out, purchase or otherwise acquire, any patents, patent rights, or inventions, copyright, or process, whether in Australia or elsewhere, which in the opinion of the trustees may be useful for the purposes of the body corporate, and to grant licences to use the same.
(f) To open and carry on branches and agencies for the purposes of the body corporate in any part of the world.
(g) To enter into any arrangement with any Government or other authority, whether in New South Wales or elsewhere, and to obtain from such authority any rights, concessions, charters, or privileges that may be thought conducive to the purposes of the body corporate.
(h) To amalgamate with any company or person on such terms as they may deem expedient or to acquire and carry on the business of any company, association, firm, or person having objects similar to those of the body corporate or whose business can be carried on in connection with that of the body corporate whether in New South Wales or elsewhere.
(i) To draw, accept, and make, and to endorse, discount, and negotiate bills of exchange and promissory notes and to mortgage or charge any of the property of the body corporate.
(j) To pay interest on the sum of ten thousand pounds lent by the founder in the manner provided by an indenture dated the sixteenth day of July, one thousand nine hundred and eighteen, made between John McGarvie Smith, of Woollahra, near Sydney, of the first part, the Honorable Thomas Waddell, Member of the Legislative Council, the Honorable Alfred Edgar Hunt, Member of the Legislative Council, the Honorable James Ashton, Member of the Legislative Council, William Fleming Latimer, Member of the Legislative Assembly, John Mackay (President of the Graziers’ Association), James Kidd (President of the Sheepbreeders’ Association), Kenneth de Lacy Cudmore (Manager, Goldsbrough, Mort and Company, Limited), of the second part, and the Honorable William Arthur Holman, of Sydney, Premier of the State of New South Wales, for and on behalf of the Government of New South Wales, of the third part, to the persons therein named.
(k) To pay any balance that may remain in the hands of the trustees or to the credit of the body corporate in any one year after carrying on the business of the body corporate and making such provision for the future working thereof as the trustees may think fit into the Consolidated Revenue of the State of New South Wales.
(l) To expend any of the funds of the body corporate upon any of the purposes aforesaid.