Orkney Marinas Limited

Constitutional objectives

The objects of the Company are:- (a) the saving of lives and the provision of recreational facilities by (amongst other things):- i. providing safe berthing and associated services for local and visiting boats to Orkney. ii. establishing, promoting, maintaining and managing marinas and related infrastructure services in Orkney for the benefit of the local community and others and to apply for and obtain all necessary licenses or permissions relative thereto. and (b) to promote such similar charitable purposes, objects or institutions in such proportions and manner as the Directors shall think fit. The expressions ‘charitable purpose’ or ‘charitable object’ shall mean a charitable purpose under section 7 of the 2005 Act which is also regarded as a charitable purpose in relation to the application of the Taxes Acts and a ‘charitable institution’ shall mean a charity in terms of the 2005 Act which is also regarded as a charity in relation to the application of the Taxes Acts, or a charity under the law of any other jurisdiction which is also regarded as a charity in relation to the application of the Taxes Acts, provided that nothing in these Articles shall authorise an application of the property of the Company other than in furtherance of a charitable purpose.