Home' RMYC Yearbook : RMYC Yearbook 2015-16 Contents Companies Act 2011
Company Limited by Guarantee and not having a Share Capital
Memorandum of Association of
Royal Motor Yacht Club of New South Wales Ltd
1. The name of the Company (hereinafter called “the Club”)
is “ROYAL MOTOR YACHT CLUB OF NEW SOUTH
2. The objects for which the Club is established are:
(a) To acquire and take over all the assets and liabilities of
the present unincorporated body known as “Royal Motor
Yacht Club of New South Wales” and to enable that Club
to comply with the relevant provisions of the Liquor Act
1912 as amended.
(b) To promote the use of all classes of power boats to
promote seamanship and teaching of navigation and to
formulate rules for and conduct trials of speed, endurance,
navigation and seamanship and such other pastimes,
enter tainments and recreations as the Club may deem
expedient to promote social intercourse between
members of the Club and other clubs.
(c) To establish and maintain club houses, boathouses, marinas,
dwellings, workshops, garages and other conveniences in
connection with the Club’s activities.
(d) To purchase, hire, make or provide and maintain and
to sell or otherwise dispose of all kinds of meals, food
provisions, refreshments, furniture, plates, glass, books,
periodicals, billiard table, tools, implements, machines,
engines, utensils and other things required or which
may be conveniently used in connection with the Club’s
activities of premises.
(e) To purchase and/or apply for a licence or permit or other
authority under such act or acts as shall for the time being
be in force in the State of New South Wales for the
purpose of selling or distribution of soft drinks, intoxicating
liquor, tobacco, cigarettes and other supplies and the
operation of automatic machines.
(f) To subscribe to, become a member of and cooperate
with any other club, association or organisation, whether
incorporated or not, whose objects are altogether or
in par t similar to those of the Club provided that the
club shall not subscribe to or suppor t with its funds any
club, association or organisation which does not prohibit
the distribution of its income and proper ty among its
members to an extent at least as great as that imposed
on the Club under or by vir tue of clause 3 of this
(g) To purchase, take on lease or in exchange, hire and
otherwise acquire any lands, buildings, easements or
proper ty, real and per sonal, and any rights or privileges
which may be requisite for the purpose of or capable
of being conveniently used in connection with any of
the objects of the Club. Provided that in case the Club
shall take or hold any proper ty which may be subject to
any trusts the Club shall only deal with the same in such
manner as is allowed by law having regard to such trusts.
(h) To enter into any arrangements with any Government
or authority, supreme, municipal, local or otherwise, that
may seem conducive to the Club’s objects or any of them
and to obtain from any such Government or authority
any rights, privileges and concessions which the Club may
think it desirable to obtain, and to carr y out, exercise and
comply with any such arrangements, rights, privileges and
(i) To appoint, employ, remove or suspend such managers, clerks,
secretaries, ser vants, workmen and other persons as may be
necessar y or convenient for the purpose of the Club.
(j) To establish and suppor t or aid in the establishment
and suppor t of associations, institutions, funds, tr usts
and conveniences calculated to benefit employees
or past employees of the Club or the dependants or
connections of any such persons and to grant pensions
and allowances and to make payments towards insurance
and to subscribe or guarantee money for charitable or
benevolent objects or for any public, general or useful
(k) To construct, improve, maintain, develop, work, manage,
carr y out, alter or control any houses, buildings,
groundwork or conveniences which may seem calculated
directly or indirectly to advance the Club’s interests and
to contribute to, subsidise or otherwise assist and take
par t in the construction, improvement, maintenance,
development, wor king, management, carr ying out
alterations or control thereof.
(l) To invest and deal with the money of the Club not
immediately required in such manner as may be permitted
by law for the investment of trust funds.
(m) To borrow or raise or secure the payment of money
in such manner as the Club may think fit and to secure
the same or the repayment or performance of any
debt liability contract guarantee or other engagement
incurred or to be entered into by the Club in any way
and in par ticular by the issue of debentures perpetual or
otherwise charged upon all or any of the Club’s proper ty
(both present and future) and to purchase, redeem or pay
off any such securities.
(n) To make, draw, accept, endorse, discount, execute and
issue promissor y notes, bills of exchange, bills of lading and
other negotiable or transferable instruments.
(o) In fur therance of the objects of the Club to sell, improve,
manage, develop, exchange, lease, dispose of, turn to
account or otherwise deal with all or any par t of the
proper ty rights of the Club.
(p) To take or hold mor tgages, liens and charges to secure
payment of the purchase price or any unpaid balance of
the purchase price of any par t of the Club’s proper ty of
whatsoever kind sold by the Club, any money due to the
Club from purchaser s and others.
(q) To take any gift or proper ty whether subject to any special
trust or not, for any one or more of the objects of the
Club but subject always to the provision in paragraph (g)
of this clause 2.
(r) To take such steps by personal or written appeals,
public meetings or otherwise as may from time to time
be deemed expedient for the purpose of procuring
contributions to the funds of the Club, in the shape of
donations, annual subscriptions or otherwise.
(s) To print and publish any newspapers, periodicals, books
or leaflets that the Club may think desirable for the
promotion of its objects.
(t) In fur therance of the objects of the Club to amalgamate
with any companies, institutions, societies or associations
having objects altogether or in par t similar to those of the
Club and which shall prohibit the distribution of its or their
income and proper ty among its or their members to an
extent at least as great as that imposed upon the Club or
by vir tue of clause 3 of this Memorandum.
(u) In fur therance of the objects of the Club to transfer all
or par t of the proper ty, assets, liabilities and engagements
of the Club to any one or more of the companies,
institutions, societies or associations with which the Club is
authorised to amalgamate.
(v) To make donations for patriotic or charitable purposes
(w) To transact any lawful business in aid of the
Commonwealth of Australia in the prosecution of any war
in which the Commonwealth of Australia is engaged.
(x) To do all such other things as are incidental or conducive to
the attainment of the objects and exercise of the powers
of the Club.The power s set for th in the Third Schedule to
the Companies Act 1961, shall not apply to the Club except
insofar as they are included in this clause 2.
3. The income and proper ty of the Club, whencesoever
derived shall be applied solely towards the promotion of
116 RMYC YEARBOOK
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