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The Fourth Way

Purpose and Legal Objectives

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An Excerpt from the letters patent for the corporation of The Fourth Way Inc Pertaining to its objectives.

3.      The objects for which the corporation is to be incorporated are subject to The Mortmain and Charitable Uses Act and The Charitable Gifts Act, to receive and maintain a fund or funds and to apply from time to time all or part thereof and all or part of the income derived there from for rehabilitative, religious, charitable or educational purposes and to all such things as are incidental or conducive to the attainment of the objects hereinbefore set out, and in particular, without limiting the generality of the foregoing:

1. TO provide for the maintenance of a rehabilitative, religious and educational centre for individuals presently on drugs or suffering from social and psychological problems;

 

2. TO promote interest in and the rehabilitation of individuals presently on drugs or suffering social psychological problems and to co—ordinate activities that are conducive to the development of the human growth of individuals;

 

3. TO establish, construct, operate, maintain, equip and direct a rehabilitative, religious and education centre for all individuals;

 

4. TO use, apply, devote or accumulate from time to time all or part of the funds or fund of the Corporation and/or the income there from for rehabilitative, religious, charitable or educational purposes by such means as may from time to time seem expedient to its directors, including research, publication, education and the establishment and maintenance of rehabilitative, religious, charitable or educational activities, agencies or institutions;

 

5. For the furtherance of the above objects to  acquire, accept, solicit, or receive, by purchase, lease, contract, donation, legacy, gift, grant, bequest or otherwise, any kind of real or personal property, and to enter into and carry out agreements, contracts and undertaking incidental thereto;

 

6. For the further attainment of the above objects, to hold, manage, sell or convert any of the real or personal property from time to time owned by the Corporation and invest and re-invest any principal in investments authorized by law for the investments of trust funds, and to retain any real or personal property in the form in which it may be when received by the Corporation for such length of time as the directors in their absolute discretion deem advisable;

 

7. For the further attainment of the above objects, to exercise all voting rights and authorize and direct the execution and delivery of proxies in connection with any shares or obligations in any company or corporation owned by the Corporation;

 

8. For the further attainment of the above objects, in connection with any company or corporation in which the Corporation may at any time hold shares or obligations, to take up the proportion of any increased capital to which as holders of such shares or obligations it may be entitled, and to purchase any additional shares or obligations in such company or corporation; to join in any plan for the reconstruction or reorganization of such company or corporation or for the amalgamation of such company or corporation or for the sale of the assets of such company or corporation of any part thereof. And in pursuance of such plan, to accept any shares or obligations in lieu of or in exchange for the shares or obligations held by the Corporation in such company or corporation; to enter into any pooling or other agreement in connection with the shares or obligations held by the Corporation in such company or corporation, and in case of sale thereof to give any options considered advisable; to give consent to the creation of any mortgage, lien or indebtedness of any company or corporation whose shares or obligations are held by the Corporation and to retain as an investment for such length of time as may be considered advisable any shares or obligations acquired by the Corporation through the exercise of the power hereinbefore given the Corporation;

 

9. For the further attainment of the above objects, to acquire by purchase, lease, devise, gift or other title, and to hold any real property necessary for the carrying on of its undertaking and to sell, lease, mortgage, dispose of and convey the same or any part thereof as may be considered advisable.

 

10.  For the further attainment of the above objects, to demand, receive.................................