2. The Registered Office of the Company will be situated in Jamaica.

3. (1) The objects for which the Company (hereinafter called "the Association") is established are:

(A) To take on the whole or any part of the real and personal property belonging to, and to undertake all or any of the liabilities of the unincorporated association known as the Amateur Swimming Association of Jamaica, whose principal office is now situate in Kingston, Jamaica, and whose postal address is P.O. Box 15, Kingston 10, Jamaica, W.I.
(B) To promote the art of swimming including diving, water polo, and synchronized swimming and to encourage the teaching and popularity thereof.
(C ) To stimulate public interest in favour of providing proper accommodation and facilities for acquiring and practicing the art of swimming.
(D) To promote, control and regulate competitions and championships, local and international for all amateur swimming and to establish uniform rules for the same.
(E) To encourage the art of life saving.
(F) To be or to take steps to be affiliated to, or associated with, organizations or bodies having similar objectives as those of the Association, including in particular -

(i) The Federation Internacionale de Natacion Amateur (F.I.N.A.)
(ii) The Jamaica Olympic Association, and
(iii) Central American and Caribbean Swimming Federation.

(A) To purchase, take or lease or in exchange, hire or otherwise acquire any real and personal estate which may be deemed necessary or convenient for any of the purposes of the Association;
(B) To construct, maintain, and alter any houses, buildings; or works necessary or convenient for the purposes of the Association;
(C ) To take any gift or property, whether subject to any special trust or not, for any one or more of the objects of the Association.
(D) To take steps by personal or written appeals, public meetings, or otherwise, as may from time to time be deemed expedient for the purpose of procuring contributions to the funds of the Association, in the shape of donations, annual subscriptions or otherwise;
(E) To print and publish any newspapers, periodicals, books or leaflets that the Association may think desirable for the promotion of the objects;
(F) To sell, manage, lease, mortgage, dispose of, or otherwise to deal with all or any part of the property of the Association;
(G) To borrow or raise money for any of the purposes of the Association on such terms as may seem expedient and to secure payment thereof, or the satisfaction of any obligations or liabilities of the Association in such manner as the Association shall think fit, and in particular by mortgage, charge, lien, upon any part of the Association's property, whether present or future or by the issue of debenture stocks, perpetual or redeemable, charged upon all or any part of such property or not so charged upon such terms and conditions in al respects as may seem expedient, and also be similar mortgage, or lien, to secure and guarantee the performance by the Association of any obligation or liability it may undertake;
(H) To draw, make or accept, endorse, discount, execute and issue all instruments both negotiable or non-negotiable and transferable and non-transferable, including Promissory Notes, Bills of Exchange, Bills of Lading, Warrants and Debentures and Bonds.
(I) To invest the monies of the Association not immediately required for its purpose in or upon such investments, securities or property as may be thought fit, subject nevertheless to such conditions (if any) as may be for the time being be imposed or required by law and subject also as hereinafter provided;
(J) To establish and support or otherwise to aid in the establishment and support of, any other Associations, Organizations, or Bodies formed for all or any of the objects of the Company;
(K) To do all such other lawful things as are incidental or conducive to the attainment of the above objects or any of them:
Provided that:-

(i) the Association shall not support with its fund any object or endeavour to impose on or procure to be observed by its members or others any regulation, restriction or condition which if an object of the Association would make it a Trade Union; and
(ii) the Association shall function as a non-political organization and as such shall not give financial or political support to a political party whether directly or indirectly.

6. The fourth and fifth paragraph of this Memorandum contain conditions on which a licence is granted by the Minister to the Association in pursuance of Section 20 of the Act.

7. The liability of the members is limited.

8. Every member of the Association undertakes to contribute to the assets of the Association, in the event of the same being wound up while he is a member, or within one year afterwards, for payment of the debts and liabilities of the Association, contracted before he ceases to be a member, and the costs, charges, and expenses of winding up, and for the adjustment of the rights of the contributories among themselves such amount as may be required not exceeding Twenty Dollars ($20.00).

9. If upon the winding up or dissolution of the Association there remains, after the satisfaction of all its debts and liabilities, any property whatsoever, the same shall not be paid to or distributed among the members of the Association, but shall be given or transferred to some other institution or institutions, having objects similar to the objects of the Association, and which shall prohibit the distribution of its or their income and property among its or their members to an extent at least as great as is imposed on the Association under or by virtue of Clause 4 hereof, such institution or institutions to be determined by the members of the Association at or before the time of dissolution, and if and so far as effect cannot be given to such provision then to some charitable object.

10. True accounts shall be kept of the sums of money received and expended by the Association and the matters in respect of which such receipts and expenditure take place and of the property, credits and liabilities of the Association; and subject to any restrictions as to the time and manner of inspecting the same that may be imposed in accordance with the regulations of the Association for the time being shall be open to the inspection of the members.
Once at least in every year the accounts of the Association shall be examined and the correctness of the balance sheet ascertained by one or more properly qualified auditor or auditors.

We the several persons whose names and addresses are subscribers, are desirous of being formed into a Company in pursuance of this Memorandum of Association.