The National Bank shall establish a Reserve Fund ¹[and other Funds] as the Board may consider necessary by transferring such sums as it may deem fit, out of its annual profits and out of receipts from gifts, grants, donations or benefactions, which it may receive.

1. Subs. by s. 27, ibid., for "and such other Funds " (w.e.f. 1-2-2001).