@Tony M: object of the verb "constitute" 17:27 Mar 4, 2019
The original English text is ambiguous due to the absence of commas that might clarify it. However, here's how I read it: all the verbs have "any such securities..." as their object. In other words the sentence structure is as follows:
VERBS: 1. To purchase 2. To redeem, or 3. To pay off, or 4. To secure or 5. To constitute (by a trust deed or other assurance)
OBJECT: 6. Any such securities or obligations.
So with respect to "constitute," the phrase is, "to constitute any such securities or obligations of the Company." The adverbial phrase "by a trust deed or other assurance" clarifies what "constitute" means in this text (putting it another way, you could say that the verb isn't "constitute" in general but "constitute by a trust deed or other assurance"). |