8.0 BORROWING POWERS

8.1 For the purpose of carrying out its objects, the Club may borrow or raise or secure the payment of money in such manner as it thinks fit, and in particular by the issue of Debentures.

8.2 This power shall only be exercised under the authority of the By-Laws of the Club. In no case shall Debentures be issued without the sanction of a Special Resolution, which has been duly approved by not less than 75% of the members present and entitled to vote at a General or Special Meeting of the Membership for which not less than 21 days notice has been given.