G.F. 323
CONFIDENTIAL #
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26
PART II
Incorporation and powers
The Mass Transit Railway Corporation is
established as a body corporate (clause 3(1)). Its
purposes are set out in clause 3(2).
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The Corporation is to be governed by a Board
(clause 4(2)), which will comprise a Chairman appointed
by the Governor, the Managing Director, ex officio,
and not less than 4 nor more than 8 other members also
appointed by the Governor (clause 4(1)). There are
provisions as to -
(a) the term of office of members of the Board
(clause 4(3) and (5));
(b) resignation and removal from office
(clause 4(4) and (5)(a));
(c) the temporary incapacity of a member
(clause 4(6)); and
(d) remuneration of members (clause 4(7)).
The Board may regulate its own procedure
(clause 5(4)) but express provision is made for a
quorum (clause 5(1)), the chairing of meetings (clause
5(2)) and voting on questions arising at meetings
(clause 5(3)). A member who has an interest in a
contract must declare his interest and take no part
in the Board's proceedings concerning the contract
(clause 5(5)).
The Corporation has power to do whatever is
expedient for or conducive to the attainment of its
purposes (clause 6(1)). Certain specific powers are
spelt out in clause 6(2) and (3).
CONFIDENTIAL
機密