Issue link: http://itf.uberflip.com/i/929300
2 (k) define the requirements for player status and eligibility in Tennis and to regulate amateur and professional play (l) administrate the finances of the Company in such a manner as shall be deemed expedient (m) preserve the integrity and independence of Tennis as a sport (n) engage in any other act or activity that is not prohibited under any law for the time being in force in the Commonwealth of the Bahamas (o) carry out its objects and purposes without unfair discrimination on grounds of colour, race, nationality, ethnic or national origin, age, gender, sexual orientation, disability or religion. V The liability of the Members is limited. VI The capital of the Company is One thousand dollars in the currency of the United States of America (US$ 1,000.00) divided into One hundred (100) Class A Shares having a par value of one United States dollar (US$1.00) each, Six hundred (600) Class B Shares having a par value of one United States dollar (US$1.00) each, and Three hundred (300) Class C Shares having a par value of one United States dollar (US$1.00) each, with power to divide the shares in the capital for the time being into several classes and series and with power to increase or reduce the capital and to issue any of the shares in the capital (whether original, increased or reduced), with or subject to any preferential, special or qualified rights or conditions as regards dividends, repayment of capital, voting or otherwise, as the Directors of the Company may from time to time up to the first General Meeting of the Company by ordinary resolution designate and thereafter as the Class B Members may in any General Meeting of the Company (inclusive of the first General Meeting aforementioned) from time to time by ordinary resolution designate. Up to the first General Meeting of the Company the Directors and from and after the first General Meeting the Class B Members are hereby expressly authorised to fix by ordinary resolution any designations, powers, preferences, rights, qualifications, limitations or restrictions on each class or series of shares. VII The shares in the capital of the Company shall be issued in the currency of the United States of America. VIII This memorandum may be amended at any time and from time to time in such manner as may be prescribed by the Articles of Association of the Company. The persons whose names and addresses are subscribed are desirous of being formed into a company in pursuance of this Memorandum of Association and agree to take the number of shares in the capital of the Company set opposite their respective names.