Companies Act (Cap. 386), article 136

136. A company shall, unless otherwise provided in its memorandum or articles, have the power to borrow money and to guarantee the obligations of any third party and, for such purp ose, to hypothecate or charge its undertakings, property and uncalle d capital or any part thereof including as security for its oblig ations or for those of any third party, and to issue debentures, deben ture stock and other securities whether outright or as security for its liabilities or obligations or for those of any third party. General duties of directors. Added by: IV . 2003.63.