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thereto, or which may at any time hereafter, at any place
where the company shall carry on business, be usual in
connection with the business of banking or dealing in money
or security for money.
* * * * * * *
(8) To act as agents for the sale and purchase of any
stocks, shares or securities, or for any other monetary or
mercantile transaction.
* * * * * * *
(12) To contract for public and private loans, and to
negotiate and issue the same.
* * * * * * *
(24) To act as managing agents for other bodies or persons,
whether corporate or not, to conduct enterprises and manage
ventures of all types on their behalf.
(25) To carry on any other business which may seem to * * *
[Guardian Bank] capable of being conveniently carried on in
connection with any business of * * * [Guardian Bank] or
calculated directly to enhance the value of or render more
profitable any of * * * [Guardian Bank’s] property or
assets.
* * * * * * *
(41) To do all such other things which are incidental or
* * * [that Guardian Bank] may think conducive to the
attainment of the above objects or any of them.
In January of 1986, Guardian Bank obtained a banking license
required under the laws of Montserrat authorizing it to engage in
business as an offshore investment or agency bank. Guardian Bank
itself did not accept cash deposits from customers, nor did it
maintain for its customers savings or checking accounts. When
Guardian Bank’s customers desired to deposit funds with a bank in
Montserrat, the funds would be transferred in the customers'
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Last modified: May 25, 2011