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6. Section 10 of the principal Ordinance is amended Amendment · of Ordinance as follows:-
No. 10 of
(a) The third paragraph thereof is amended by 1911, s. 10,
the deletion of the words and election” in the fourth line.
7
(b) The fourth paragraph thereof is amended by
the substitution of the word "appointment for the word election" in the first line.
(c) The following paragraphs are added at the
end thereof:-
Notwithstanding anything which may
be contained in the statutes, the Court may at all times exercise a
Mostar) houma) aviapower, of, veto in respect of any decision of the Council or of the Senate.
The accounts of the University shall be submitted to the Court at a meeting
to be held in the autumn term of each year.
It shall be lawful for the Chancellor or Vice-Chancellor to convene a meet- ing of the Court at any time.
7. Section 11 of the principal Ordinance is repealed Repeal of and the following section is substituted therefor :-
Council
Ordinance No. 10 of
and substi. tution of
11-(1) There shall be a Council which 1911, s. 11,
shall be the executive body of the University, with power to direct the use new section. of the University seal.
(2) Subject to the provisions of this Ordi- nance and of the statutes the Council shall have the government and control of the affairs and property of the Uni- versity.
(3) The statutes define the constitution of the Council, and shall regulate the appointment and continuance in office of the members, the filling of vacancies, and all other matters relative to the Council which may be thought proper so to be regulated.
(4) The Chancellor shall be the Chairman of the Council, and the Vice-Chancellor shall be the Vice-Chairman of the Council.
8. The following new heading and section shall be Addition of inserted in the principal Ordinance immediately after new section section 11 thereof :-
Finance Com- mittee.
The Finance Committee.
11A. (1) There shall be a Finance Com- mittee which shall consist of such per- sons as shall be provided by statute. (2) No expenditure shall be incurred or made without the previous approval of the Finance Committee.
(3) No moneys belonging to the University shall be invested without the previous approval of the Finance Committee. (4) No immovable property shall be dealt with in any manner by or on behalf of the University without the previous approval of the Finance Committee. (5) No money shall be borrowed by or on behalf of the University without the previous approval of the Finance Com- mittee.
11A.