Powers of Board.
(23 of 1958),
4
(2) Any deed, document or other instrument requiring the seal of the Board shall be scaled with the common seal and signed by the Chairman or the Vice Chairman and two members of the Board and such signing shall for all purposes be taken as sufficient evidence of the due sealing of such deed, document or other instrument.
7. (1) For the purposes of providing economical medical treat- ment for pupils in all or any schools of the Colony the Board shall have full power-
(a) to manage, administer and operate any scheme for the
furtherance of the said purposes;
(b) to contract upon such terms and conditions as it may con- sider expedient with any person or body of persons, whether corporate or unincorporate;
(c) to acquire, accept leases of, purchase, take, hold and enjoy any lands, buildings, messuages and tenements of what nature or kind soever and wheresoever situate and to purchase. acquire and possess vessels, vehicles and equipment and any other property of what nature or kind soever, and also to invest moneys upon mortgage of any lands, buildings. messuages, tenements, mortgages, debentures, stocks, funda. shares or securities of or on deposit in any corporation or company;
(d) to grant, sell, assign, surrender, exchange, partition, yield up, mortgage, demise, reassign, transfer or otherwise dispose of any lands, buildings, messuages, tonements, mortgages, deben- tures, stocks, funds, shares or securities, vessels, vehicles, equipment, or other property of what nature or kind soever for the time being vested in or belonging to the Board upon such terms or conditions as the Board may think fit:
(e) to borrow or raise money, and to secure the repayment of
the same, in any manner as the Board may think fit.
(2) The exercise of any power conferred by any of the provisions of subsection (1) shall, insofar as the same is to be exercised for the purpose of investing funds to the profit of the Board or insofar as the same is to be exercised for the purpose of borrowing or raising funds conditional upon repayment. be subject to the approval in writing of the Financial Secretary.
(3) For the avoidance of doubt, the Board shall be deemed to be a charity within the meaning of section 2 of the Charities (Land Acquisition) Ordinance, 1958, and shall be subject to the provisions of that Ordinance.
S
8. (1) The Board shall cause proper accounts to be kept of all Accounts. its transactions and shall cause to be prepared for every period of twelve months ending on the 31st day of August in each year, a statement of the accounts of the Board, which statement shall include an income and expenditure account and balance sheet and shall be signed by the Chairman or, in the case of the absence or inability of the Chairman, by the Vice Chairman or by such other person as the Governor may appoint thereto.
(2) The accounts of the Board and the signed statement of the accounts shall be audited by an authorized auditor within the meaning of section 131 of the Companies Ordinance, and the auditor shall (Cap.32), certify the statement subject to such report, if any, as he may think fit.
(3) A copy of the signed and audited statement of the accounts of the Board together with the auditor's report, if any, and a report by the Board on the administration of its schemes or projects in further- ance of its purposes under this Ordinance during the period covered by the audited accounts shall be laid on the Table of the Legislative Council not later than the 1st day of March next following the end of such period or so soon thereafter as the Governor, in his absolute discretion, may allow.
Board.
9. No suit, prosecution or other legal proceedings shall lie Protection of against the Board or any member thereof arising out of the negligence or default of any medical practitioner participating in any scheme managed, administered or operated by the Board.
10. Nothing in this Ordinance shall affect or be deemed to affect Saving. the rights of Her Majesty the Queen. Her Heirs or Successors, or the rights of any body politic or corporate or of any other persons except such as are mentioned in this Ordinance or those claiming by, from or under them.
This printed impression has been carefully compared by me with the Bill which passed the Legislative Council on the 2nd day of September, 1964, and is found by me to be a true and correctly printed copy of the said Bill
Deputy Clerk of Councils.
(Secretariat GR7/3921/47)