# The Birmingham Assay Office Order 1989, Article 11: Power to borrow


The Company may and shall be deemed always to have had power to borrow or raise or accept money on deposit in such manner and upon such terms and conditions as the Company may deem expedient including (but without prejudice to the generality of the foregoing) borrowing from bankers on overdraft or opening any acceptance credit with any bank or accepting house, and may secure the repayment of any money borrowed, raised or owing, or the discharge or performance of any obligation or liability undertaken or incurred by the Company or any other person or body corporate, by any mortgage or charge (whether of a fixed or floating or any other nature) on or over all or any part of the property and assets (both real and personal) for the time being of the Company or in any other manner.

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Source: https://www.legislation.gov.uk/uksi/1989/900/article/11 (the official version)
Page: https://openlegislation.uk/birmingham-assay-office-order-1989/article-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.