To build a pipeline for the conveyance of petroleum or petroleum products from Mombasa to Nairobi, for the account of the Company or for the account of others, and any other pipelines in East Africa as the Company may determine.
To own, manage or operate such
pipelines and any other pipelines (whether or not built by the company)
and all ancillary pumping, storage and other facilities and such other
plant, equipment and installations, movable and immovable, as the
company may consider desirable and to manufacture, construct, maintain
or modify any of the same.
To market, process, treat and
deal in petroleum products and other products and goods that may
conveniently be dealt in by the Company and to provide transport and
other distributive facilities, outlets and services in connection
therewith.
To acquire, modify and develop
property and rights of any kind and subject to any conditions or
liabilities and to enter into or procure the grant of any contracts,
licences, charters, concessions or other instruments or right whatsoever
that may be necessary or desirable to secure, promote or protect the
Company’s business or undertaking or otherwise in connection with any
of the objects of the Company.
To contribute to, subsidise or
otherwise assist or take part in any development, undertaking or
activity likely to benefit the Company directly or indirectly.
To acquire and undertake the
whole or any part of the business, property, and liabilities of any
person or body carrying on any business which the Company is authorised
to carry on, or possessed of property suitable for the purposes of the
Company.
To amalgamate or enter in to
partnership or into any arrangement for sharing of profits, union of
interests, co-operation, join adventure, reciprocal concession, or
otherwise, with any person or body carrying on or engaged in or about to
carry on or engage in any business or transaction which the Company is
authorized to carry on or engage in, or any business or transaction
capable of being conducted so as directly or indirectly to benefit the
Company.
To promote any other Company or
other body for purpose of acquiring or taking over all or any of the
property, rights, and liabilities of the Company, or for any other
purpose which may seem directly or indirectly calculated to benefit the
Company.
To take or otherwise acquire and
hold shares, debentures or other securities of any other Company or
body.
To invest and deal with the
money of the Company not immediately required in such manner as may from
time to time be required.
To lend and advance money or
give credit to any person or body.
To guarantee and give guarantees
for the payment of money or the performance of contracts or obligations
by any person or body and other wise to assist any person or body.
To borrow or raise or secure the
payment of money in such manners as the Company may think fit and in
particular by the issue of debentures or debenture stock, perpetual or
otherwise, charged upon all or any of the Company’s property (both
present and future), including its uncalled capital; and to purchase,
redeem or pay off any such securities.
To remunerate any person or body
for services rendered, or to be rendered, in placing or assisting to
place or guaranteeing the placing of any of the shares in the
Company’s capital or any debentures, debenture stock, or other
securities of the Company, or in or about the organisation, formation,
or promotion of the Company or the conduct of the business.
To establish and support or aid
in the establishment and support of associations, institutions, funds,
trusts and conveniences calculated to benefit employees or past
employees, or the dependants or connections or any such persons; and to
grant pensions and allowances; and to make payments towards insurance.
To draw, make, accept, endorse,
discount, execute, and issue promissory notes, bills of exchange, bills
of lading, warrants, and other negotiable or transferable instruments.
To procure the Company to be
registered or recognised or to operate in any country or place outside
Kenya.
To sell, improve, manage,
develop, exchange, lease, dispose of turn to account, or otherwise deal
with all or any part of the property and rights of the Company.
To take or hold mortgages,
liens, and charges to secure payment of the sale proceeds of any part of
the Company’s property sold by the Company or any other money due to
the Company by any person or body.
To accept stock or shares in, or
the debentures, mortgage debentures or other securities of any other
company or other body in payment for any services rendered or for any
sale made to or debt owing from any such body.
To issue and allot fully or
partly paid shares in the capital of the Company in payment or part
payment of any real or personal property purchased or otherwise acquired
by the Company or any services rendered to the Company.
To sell or dispose of the
undertaking of the Company or any part thereof for such consideration as
the Company may think fit.
To carry on any other activity
or undertaking which may seem the Company capable of being conveniently
or advantageously carried on in connection with the above or calculated
directly or indirectly to promote or facilitate its business or enhance
the value of any of its property or rights.
To carry out all or any of the
objects of the Company and do all or any of the above things as
principal, agent, contractor, or trustee, or otherwise, and by or
through trustees or agents or otherwise, and either alone or in
conjunction with others.
To do all such other things as
are incidental or conducive to the attainment of the objects and the
exercise of the powers of the Company.
