7. Powers and duties of Directors
7.1 Directors to manage Company
The Directors are to manage the business of the Company and may exercise all the powers of the Company that are not, by the Corporations Act or by this Constitution, required to be exercised by the Company in general meeting.
7.2 Specific powers of Directors
Without limiting the generality of Clause 7.1 the Directors may exercise all the powers of the Company to borrow or raise money, to charge any property or business of the Company and to issue debentures or give any other security for a debt, liability or obligation of the Company or of any other person.
7.3 Appointment of attorney
The Directors may, by power of attorney, appoint any person to be the attorney of the Company for the purposes and with the powers, authorities and discretions held by the Directors for the period and subject to the conditions that they think fit.
7.4 Provisions in power of attorney
A power of attorney granted under Clause 7.3 may contain any provisions for the protection and convenience of persons dealing with the attorney that the Directors think fit and may also authorise the attorney to delegate (including by way of appointment of a substitute attorney) all or any of the powers, authorities and discretions of the attorney.
7.5 Minutes
The Directors must direct minutes of meetings to be made and kept in accordance with the Corporations Act.