(4) It shall be the duty of the Joint Investment Committee, and they are authorized and empowered:
(a) To take such proceedings as may be necessary to put into effect the provisions of this By-law.
(b) For the purpose of such consolidation to fix and determine the amount of capital to be credited to the various trust funds vested in or held by each corporation, and for this purpose to have a valuation or valuations made of the securities vested in or held by each corporation.
(c) To authorize and approve the amount of interest to be deemed to be earned by and credited yearly on the securities of the Consolidated Trust Fund.
(d) To appoint a Chairman, Secretary and Treasurer, and to make such provision for the signature and countersignature of cheques, orders for money and transfers, conveyances and delivery of securities as may be necessary.
(e) To appoint a Bank or Banks, Trust Company or Trust Companies to act as Bankers of said Consolidated Trust Fund.
(f) To appoint an auditor or auditors (being a chartered accountant or accountants) and such officers of the Committee as may be necessary, and to define their duties and remuneration.
(g) To make from time to time such rules and regulations and give such directions as they may deem necessary to carry out the provisions of this By-law.