PART 3: 28 & 29: Borrowing, Auditor

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28. Borrowing

28.1 The trustees may, on behalf of, and in the name of the society, raise or secure the payment or repayment of money in order to carry out the purposes of the Freehold, and in particular but without limiting that power, by the issues of debentures, so long as 75% of voting members, and 100% of the trustees have so resolved.

28.2 The voting members, with a two-thirds majority, may also otherwise restrict the borrowing powers of the trustees, but a restriction thus imposed expires at the next althing.

29. Auditor

29.1 This part applies only if the society is required or has resolved to have an auditor.

29.2 The first auditor must be appointed by the Witan, who must also fill all vacancies occurring in the office of auditor.

29.3 At each althing occurring during which time the society is required or has resolved to have an auditor, the society must appoint an auditor to hold office until the next althing.

29.4 An auditor may be removed by ordinary resolution.

29.5 An auditor must be promptly informed in writing of the auditor's appointment or removal.

29.6 A wita, or an employee of the society, must not be its auditor.

29.7 The auditor may attend thing or althing.