15. For the purpose of securing funds necessary for the payment of the expenses and liabilities of the Committee, or to pay liens, charges, demands or assessments upon or in respect to, or otherwise to protect the matters by this agreement committed to their charge or any of them, and in particular the property and securities or any portion thereof at any time purchased or acquired by or on behalf of the Committee under the authority conferred by any of the provisions of this agreement, the Committee may borrow and use such sums of money upon such terms and subject to such conditions as in its discretion it may deem wise and necessary to protect the interests of the Depositors, and for that purpose and to secure the repayment of such sums as may be so borrowed it may pledge or hypothecate any part or all of the deposited bonds, debentures, preferred stock, and rights, or any property purchased or acquired by or on behalf of the Committee under the authority conferred by any of the provisions of this agreement, and in particular it may so raise the necessary funds for new construction or the making of alterations and repairs and the development generally of the property of the Company; and if any sums shall be collected by the Committee by or upon the deposited claims, bonds, debentures, preferred stock, or rights, the Committee may apply such moneys to the payment of any sum so borrowed, and to the payment of its compensation, expenses and liabilities; and in extension of the powers herein conferred and not by way of limitation thereof the Committee may enter into an agreement with any lender that the rentals or other proceeds arising from the use of all or any of the property held, purchased or acquired by the Committee hereunder, after the payment of necessary operating expenses including the expenses of the Committee, shall be applied to the payment of his or its loan, or should the lender now own any mortgage or other lien upon the property of the Company or any part thereof, the Committee may agree that any such rentals or other proceeds after the payments last hereinbefore specified shall be applied to the payment and satisfaction of the lender's mortgage or other lien before any part of such rentals or other proceeds shall be applied to any other purpose, or that property not now subject to any such mortgage or other lien, shall become subject thereto; but the Committee shall have no power to make the Depositors individually liable for any amounts so borrowed, or for any obligations incurred by it, except as hereinafter provided.
16. On borrowing money, as herein authorized, whether upon pledge or not, the Committee may give to the lender its promissory note or notes under the hand of its Chairman or other officer thereof by resolution authorized, for the sum so borrowed. The Committee may, in writing, direct the Depositary to hold the deposited securities or any designated part thereof, as security for the repayment of any money advanced or to be advanced to the Committee, in which case such securities shall be, and shall be held by the Depositary as security for such advances, with the same effect as if they were actually deposited with the person making such advances as security for the payment thereof.
17. In general, the Committee may do all such acts and things whether herein specifically set forth or not as the Committee in its discretion may deem judicious and proper in order fully and effectually to carry out the purposes of this agreement.
18. The Committee shall have power, if and whenever in its judgment it shall become advisable so to do, to prepare, either by itself or acting in conjunction with any committee or committees representing the holders of bonds or of shares of the capital stock of the Company or of its other obligations, and to adopt a plan and agreement for the reorganization or readjustment of the Company, its affairs and properties, and including any one or more subsidiary companies or any of the other interests of the Company, or the Committee may approve and adopt any plan and agreement for such reorganization or readjustment, although not prepared by it.
b. For the purchase or acquisition or for sale or other disposition of all or any part of the property of the Company or of any subsidiary company at any public or private sale or for the purchase or acquisition or for the sale or other disposition of any one or more of the Company's subsidiaries or interests.
c. For the sale or re-sale of any property purchased or acquired by or on behalf of the Committee under any of the provisions of this agreement or any part of such property, and for the readjustment of any indebtedness to which said property or any part thereof may be subject.
d. For the purchase or acquisition of any other property which in the judgment of the Committee may be advantageous for the preservation, improvement, development, operation or protection either of the property of the Company or of any other property the purchase or acquisition whereof may be provided for in, or contemplated or authorized by, any such plan and agreement.
e. For the organization of such corporation or corporations as may be deemed suitable, and for the acquisition in any manner by such corporation or corporations or by the Company or by any other corporation, directly or indirectly, through stock or certificates representative thereof or otherwise, of the property of the Company or of any portion of such property, or of any other property.
f. For the issue, disposition and distribution of all or any of the shares of stock, of such classes, and of such rights and priorities as the Committee may deem proper, and bonds, debentures, notes or other securities or evidences of indebtedness of any such corporation or corporations, or in lieu of the distribution of shares of stock or securities, of certificates representing a beneficial interest therein.