Charitable objects
Memorandum of Association of the Overcomer Literature Trust Limited.
1. The name of the Company is the “OVERCOMER LITERATURE TRUST LIMITED.”
2. The Registered Office of the Company will be situate in the United Kingdom.
3. The objects for which the Company is established are:-
(a) To act (when appointed) and to allow its name to be used as trustee whether alone or jointly with any other person or persons of a Declaration of Trust dated the 1st of January, 1915, under the hand of the late Jessie Penn Lewis (who died on the 15th day of August, 1927).
(b) To act (when appointed) and to allow its name to be used as trustee whether alone or jointly with any other person or persons of the Will dated the 10th day of September 1925 and the Codicils dated the 30th day of July, 1926, and the 1st day of July, 1927, respectively of the said Jessie Penn Lewis.
(c) Generally to undertake and execute whether alone or jointly with any other person or persons any Charitable trusts the undertaking whereof may seem desirable and either gratuitously or otherwise.
(d) To acquire and hold lands, buildings, copyrights, publications, investments and property of any kind real or personal, movable or immovable, and wheresoever situate, held under or subject to any such trusts as aforesaid and to deal with and dispose of the same according to the trusts relating to the same respectively.
(e) To publish or translate and provide for the distribution of any Christian literature published or to be published in connection with the Magazine called “The Overcomer” whether of the magazine itself or of reprints from its pages.
(f) To provide for the free distribution of all books, booklets or other Christian literature of which the late Jessie Penn Lewis is the author or part author.
(g) To carry on business as proprietors, publishers and printers of Christian journals, magazines, books, tracts and other Christian literary works or engage in any way with all forms of media, either gratis or for a consideration, including books or other printed material; and electronic, digital, social and visual media.
(h) To provide for the delivery and holding of lectures, public meetings, classes and conferences calculated directly or indirectly to advance the cause of Christian or any other charitable object.
(i) To engage, employ, and support or aid in supporting missionary and other agents for Christian work or Christian deputations at home or abroad, and generally to carry on Christian apologetics.
(j) For any of the before-mentioned Charitable purposes to purchase, take on lease or otherwise acquire, hold, manage, let, sell, exchange, mortgage or otherwise dispose of real and personal property of any tenure, and for any interest, in any part of the world.
(k) For any of the before-mentioned Charitable purposes to erect, equip, maintain and alter any houses or buildings.
(l) For any of the before-mentioned Charitable purposes to draw, make, accept, endorse, discount, execute and issue promissory notes, bills of exchange, bills of lading, warrants, debentures and other negotiable or transferable instruments.
(m) To procure (where deemed necessary or expedient) the Company to be duly registered or otherwise constituted or recognised by law in any country or place in which the Company shall from time to time acquire or hold, or contemplate acquiring or holding property.
(n) To receive donations and subscriptions for the promotion of any of the objects of the Company, whether general objects or the objects of or relating to any trust undertaken by the Company or other special objects, and to apply the same and all profits and income derived from the property held by the Company or from any gifts, legacies or other sources of income to such general objects or such special objects (as the case may be) accordingly subject to the terms of any trusts) and to apply capital as well as income in forwarding the same respectively.
(o) To undertake any liabilities of or lend money to any association or persons engaged in carrying out the objects which the Company is formed to promote, or any similar objects, and especially liabilities under mortgages to bankers and to others and to relieve trustees for any such purposes aforesaid of all personal liability and to indemnify them, and with their consent to take over all investments and properties to which at present they look for indemnity.
(p) To borrow and raise money in such manner as the Company shall think fit and in particular by mortgage, debenture or debenture stock charged on any of the property, both present and future of the Company. But in the case of any trust property only if authorised by law so to do and in the case of any charitable property to such consents (if any) required by law.
(q) To federate, co-operate or amalgamate in any and every way with any other societies or associations whose aims and objects are and shall continue to be in agreement with the aims and objects of the Company.
(r) To do all such acts and things as may be incidental or conducive to the objects aforesaid.
4. The liability of the Members is limited.
5. Every Member of the Company undertakes to contribute to the assets of the Company in the event of the same being wound up during the time that he is a Member or within one year afterwards, for payment of the debts and liabilities of the Company contracted before the time at which he ceases to be a Member, and the costs, charges and expenses of winding-up the same, and for the adjustment of the rights of the contributors amongst themselves, such amount as may be required not exceeding £1.
6. Any profits and other income of the Company shall be applied in promoting the objects thereof, and no dividends shall be paid to the Members of the Company.
