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University.
STATUTES OF THE UNIVERSITY.—Contd.
Powers of the Council.-Contd.
(b) to invest the moneys of the University, including any unapplied income, in such stocks, funds, fully paid-up shares or securities, mortgages, debentures or debenture stock as the Council shall think fit, whether such investments be authorized by the general law for the investment of trust moneys or not and whether they be within the Colony or not, and to invest such moneys in the purchase of leasehold property in the Colony, and to vary any investments by sale and reinvestment or otherwise;
(c) to purchase, grant, sell, convey, assign, surrender and yield up, exchange, partition, mortgage, demise, reassign, transfer and accept leases of real and personal property on behalf of the University;
(d) to provide the buildings, premises, furniture, apparatus and other means needed for carrying on the work of the University, to allocate such buildings, premises, furniture, apparatus and means to the various faculties and to alter such allocation at any time;
(e) to borrow money on behalf of the University and for that purpose, with the approval of the Court, to mortgage all or any part of the property of the University, whether real or personal, or give such other security, whether upon such real or personal property or otherwise, as it thinks fit: Provided that the moneys borrowed and owing by the University shall not at any time exceed in the whole the sum of one hundred thousand dollars except with the sanction of a resolution passed at a meeting of the Council and confirmed by the vote of three-fourths of the members present and voting at a subsequent meeting of the Council specially convened for the purpose and held not less than seven days after the former meeting;
(f) to enter into, vary, carry out and cancel contracts on behalf of the University;
(g) to establish a University printing press and publish books and other matter on behalf of the University;
(h) subject to the approval of the Court, to select a seal, arms and mace for the University;
(i) to review, refer back and report to the Court on any act, decision or recommendation of the Senate;
(j) to give directions to the Senate in any financial matter or any matter affecting the property of the University;
(k) to review the instruction and teaching of the University;
(l) to co-operate with other Universities and authorities for the regulation and conduct of examinations, for the examination and inspection of schools and other academic institutions, for the extension of University teaching and for other purposes;
(m) to entertain and adjudicate upon complaints from, and to redress grievances of, members of the University and persons employed therein;
(n) to draft statutes;
(o) to prescribe fees;
(p) to prescribe the duties of all officers whom it may appoint and to fix their remuneration and the terms and conditions of their appointments;
(q) to appoint committees within or without the Colony to select candidates for any office to which it may appoint;
(r) to do all such other acts and things as may be requisite to perform any duty which the Court may delegate to the Council or to give effect to the powers conferred on the Council by the Ordinance or the statutes.
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