Section 7: Powers of President of Compagnie
consolidated text (as amended). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
7. Powers of President of Compagnie
The President of the Compagnie—
(a) may purchase and borrow on mortgage security for and in the
name of the Compagnie, and also administer, sell, exchange,
give or take on lease, mortgage, invest or otherwise dispose of
the property and of the income of the Compagnie;
(b) may sign alone all deeds and contracts made by the Compagnie;
(c) may consent, with or without payment, to the erasure of all inscriptions taken in favour of the Compagnie and compromise;
(d) may borrow upon the credit of the Compagnie such sums as
may be required by the Compagnie;
(e) shall exercise his powers in accordance with the objects of the
Compagnie and in such manner as may appear to him most advantageous for the Compagnie.