(viii) To invite and collect subscriptions and donations to the
funds of the Association by any lawful means;
(ix) To undertake, execute and perform any trusts or con- ditions affecting any property of any description acquired by the Association by gift, devise, bequest or otherwise and to act as trustee of any such property held for pur- poses connected with the objects of the Association; To co-operate with other associations having similar objects with a view to the promotion of the objects of the Association;
(x)
(xi) To invest the moneys of the Association not immediately required for the purposes of the Association in or upon such investments or securities and in such manner as the Council may from time to time think expedient; (xii) To do all such other things as may be thought calculated to promote the interests and well-being of the Universities of the Commonwealth or any of them;
(xiii) To do all such acts and things as are or may be deemed incidental or conducive to the attainment of any of the purposes of the Association or the exercise of any of its said powers.
Membership requirements
4. All Members, Associate Members and Additional Members shall be incorporated and shall be situate within the Common- wealth. The requirement of incorporation shall be satisfied by incorporation in accordance with the law of that part of the Commonwealth where such Member, Associate Member or Additional Member is situate.
Members
5. The Members shall be
(i)
(ii)
the Corporations named in the First Schedule hereto; and such other Universities as may from time to time be admitted to membership by the Council in accordance with such regulations as may from time to time be made by the Council for this purpose.
Associate and Additional Members
6. Subject to and in accordance with the provisions of the Statutes, the Council may admit to such privileges and benefits of the Association as may be determined by the Council, excepting always the right to vote at general meetings of Members,
(i)
(ii)
University Colleges and Colleges of Universities as Associate Members; and
Other institutions of higher education as Additional Members.
Loss of qualification
7. Any Member, Associate Member or Additional Member, which shall cease to have the academic status appropriate thereto, or to be incorporated, or to be situate within the Commonwealth shall forthwith and without notice cease to be a Member, Associate Member or Additional Member as the case may be.
General Meetings
8. There shall be held a General Meeting of the Association once in each calendar year (hereinafter called 'the Annual General Meeting') and Special General Meetings at such times as may be necessary or desirable, in every case in accordance with the provisions of the Statutes.
Council
9. There shall be a Council of the Association consisting of the Chairman, the Vice-Chairman, the Honorary Treasurer, the
Royal Charter 3
Honorary Deputy Treasurer, the Immediate Past Chairman and such number of ordinary members as may from time to time be prescribed by the Statutes. The ordinary members shall be representatives of Members or of Associate Members nomin- ated for constituencies as prescribed by the Statutes and elected at the Annual General Meeting of the Association or at a meeting specially called for the purpose. The first Council of the Association shall comprise the persons whose names appear in the Second Schedule hereto.
Income and property
10. The income and property of the Association whencesoever derived shall be applied solely towards the promotion of the objects of the Association set forth in this Our Charter.
11. Subject to the provisions of this Our Charter and of the Statutes, the Council shall have the management and control of the Association and the administration of all the property and income thereof, with power to delegate all or any of their powers to committees or sub-committees from amongst their own number or otherwise appointed for the purpose, provided that no resolution passed at a meeting of a committee or sub- committee shall take effect unless a majority of the persons present at such meeting are representatives of Members or the resolution is confirmed by the Council.
Statutes
12. The Statutes set forth in the Third Schedule hereto shall be the Statutes of the Association until the same shall be amended in manner hereinafter provided.
Amendment of Statutes
13. The Council shall have full power but subject always to the provisions of this Our Charter to make and when made to amend Statutes touching the government of the Association, the appointment and removal of all persons employed in or in connection with the Association and any other matters what- soever relating to the administration and management of the Association.
Provided that no such Statute or amendment thereof shall have any force or effect unless and until the same shall have been approved by a resolution in that behalf passed by a majority of not less than two-thirds of the representatives of Members present and voting at a General Meeting of the Association convened by notice specifying clearly the substance of the proposed Statute or amendment nor until it shall have been allowed by the Lords of Our Most Honourable Privy Council of which allowance a Certificate under the hand of the Clerk of Our said Privy Council shall be conclusive evidence.
Audit of accounts
14. True accounts shall be kept of the income and expenditure of the Association. There shall be an audit of the accounts of the Association made every year by one or more duly qualified Auditors to be appointed by the Association in General Meeting. The Auditors shall make a report a copy of which shall be circulated to Members together with a copy of the audited accounts not less than 21 days before the Annual General Meeting at which they are to be approved. If more Auditors than one be appointed the continuing Auditor or Auditors shall have power to act notwithstanding any casual vacancy. No person shall be qualified for appointment as Auditor unless he is a person who would be approved under the law of the Realm as an Auditor for a public company with limited liability.