11. All business brought before a meeting shall be decided by a majority of voles of the members present; in case of an equality of votes the chairman of such meeting shall have a casting vote.
12. All resolutions carried as aforesaid by a majority of the memberę present and all acts done pursuant to any auch resolutions shall be deemed to be the resolutions and acts respectively of the Council.
13. Minutes of the proceedings of every meeting of the Council shall be entered in a book kept for that purpose and shall on approval by the Council be signed by the chairman at the conclusion of such meeting or by the chairman of the following meeting; and shall when so entered and signed be evidence of the facts therein stated.
14. (1) Notica of any Council meeting shall be signed by either the Chairman, the Vice-Chairman, or the Honorary Becretary and shail be deemed to have been delivered to the addresses if it is left or sent through the post to their respective addresses registered with the Registrar of Cotopanies.
(2) Seven clear days' notice shall be given of every meeting, stating the time and place of holding the meeting and the objecta or purposea for which the meeting is to be held.
(3) Any notice sent in accordance with the provisions of paragraph (1) shall be effective although the member of Council to whom it is intended may at the time be absent from his registered address or may never actually receive the notice.
(4) Proxies shall not be permitted at any meeting.
Finance.
15. A report upon each and every college or school established or maintained by the corporation together with appropriation account of the expenses thereof for the next ensuing year shall be prepared and signed by the appropriate Principal and Bursar jointly and shall be presented to the Council at the second ordinary meeting in each year.
18. (1) A current account to be known as the "No. 1 account” ahall be opened in the name of the Munsang College, or in such other name as the Council may declile, at such bank as the Council may from time to time approve, and all school fees received shall be paid into. and all payments of salaries and other expenses for the running of the colleges and schools of the corporation shall be paid out of, such account.
(2) All cheques drawn on the above account on behalf of the corpora. tion shall be signed by any two of the following persons, namely—
(a) the Chairman;
(b) the Vice-Chairman; and
(c) the Honorary Treasurer; or
by any one of thern and countersigned by either the appropriate Principal or the appropriate Bursar.
17. (1) All donations of a special nature, or, if a sinking fund is ever created, the moneys received therefor, shall be paid into a separate current account to be known as the "No. 2 account" to be opened in the name of the Munsang College, or in such other name as the Council may decide, at such bank as the Council shall from time to time approve.
(2) All cheques drawn on the above account on behalf of the corpora- Lion shall be signed by the Chairman and any one member of the Council.
18. In any year in which, in the opinion of the members of the Council present at a meeting convened for the purpose, there shall be a surplus of income over expenditure, the balance so resulting may be transferred to the No. 2 account as provision for unforeseen contingencies.
10. The Council may create, set aside and deal with in such manner and for such purpose as the Council may think fit any provident fund or sinking fund which the Council may deem necessary or expedient.
Passed the Legislative Council of Hong Kong, this 22nd day of May, 1957.
Deputy Clerk of Councils.
(Secretariat GR3235/57)