Посотрется оf
the Board.
Certain doctomcola DDE KNUINEA KA
best.
Membership
of the Board.
Kap. 1)
Proceediass
et the Board.
VaGdity of proceedles.
10. (1) The Board may make and execute any document in the performance or exercise of its functions or powers of in connexion with any matter reasonably incidental to or consequential upon the performance or exercise of its functions or powers.
(2) Any document purporting to be duly executed under the seal of the Board shall, unless the contrary is proved, be deemed to have been duly executed,
11. Any contract or instrument which, if entered into or executed by a person not being a body corporate, would not be required to be under seal may be entered into or executed on behalf of the Board by any person generally or specially authorized by the Board for that purpose.
PART III
MEMBERSHIP AND Procedure of Board
12. (1) The Board shall consist of not more than 9 members to be appointed by the Governor, of whom—
(a) one shall be appointed by the Governor as Chairman of the
Board; and
(b) not more than 4 shall be appointed in consultation with the
Royal Hong Kong Jockey Club.
(2) Without prejudice la section 42 of the Interpretation and General Clauses Ordinance, every member shall be appointed for a period of 3 years or for such lesser period as the Governor may in any particular caso appoint, but may from time to time be reappointed.
(3) Any member may at any time by notice in writing to the Governor resign from the Board.
(4) If the Chairman is absent from Hong Kong or is, for any other reason unable to act as Chairman, the Governor may appoint a member to act as Chairman during the absence or incapacity of the Chairman.
(5) if any member other than the Chairman is absent from Elong Kong, or is for any other reason unable to exercise the powers or perform the duties of his office as a member, the Governor may appoint another person to be a temporary member of the Board during the absence or incapacity of that member.
13. (1) At a meeting of the Board a majority of the members appointed at the time shall form a quorum.
(2) At a meeting of the Board, the Chairman, or in the absence of the Chairman, such other member as the members present may select, shall preside.
(3) All questions for determination at a meeting of the Board shall be decided by a majority of votes of the members present and voting tbergon and in the event of an equality of votes the member presiding shall have a casting vote in addition to his original vote.
(4) Subject to this Ordinance, arrangements relating to meetings of the Board, the procedure at, and the conduct of, its meetings, shall be such as the Board may determine.
14. The validity of any proceedings of the Board shall not be affected by-e
(a) any defect in the appointment of any member;
(b) the absence of any member from the meeting at which soch
proceeding occurred; or
(c) any vacancy among members of the Board.
PART IV
FINANCIAL
15. The Board may borrow or otherwise raise money and charge all Poker 15
or any part of its property as security therefor, and pay interest on any besque muchURY „ money so borrowed or raised.
16. () The Board shall keep such accounts of its financial trans- Accounu and actions as the Financial Secretary may require and shall prepare for each Mateen, financial 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.
(2) The signed statement of accounts of the Board shall be sub- mined by the Chairman to an auditor appointed by the Board not later than 4 months following the end of the period to which it relates or by such later date as the Govemor may allow.
(3) The accounts of the Board and the signed slatement of accounts shall be audited by the appointed auditor, who shall certify much state- ment subject to such report, if any, as he may think fit.
(4) A copy of the signed and audited statement of accounts together with the report, if any, of the appointed auditor and a report by the Board on its activities during the period covered by the audited accounts. shall be submitted to the Governor and the Royal Hong Kong Jockey Club, and laid on the table of the Legislative Council within 2 months of the receipt by the Board of the signed and audited statement of accounts from the appointed auditor.
funds,
17. All funds of the Board that are not immediately required shall investment be deposited in any savings bank, or on fixed deposit in any bank, surpa nominated by the Financial Secretary, either generally or in any particular case, for that purpose, or, subject to the prior approval of the Financial Secretary, shall be invested in such investments as the Board thinks fic.
PART V
STAFF
18_(1) The Board shall appoint a person to be the Chief Executive Appoinument al of the Board.
(2) The Board may appoint such other employees as li thinks necessary.
(3) All matters relating to the remuneration, the terms and conditiona of appointment, and the work and conduct, of employees of the Board, and their suspension or dismissal from office, shall be determined by the Board.
19. (1) The Board may engage the services of technical and profes- sional advisers to advise the Board in any matter arising out of or in connexion with any of the functions or powers of the Board.
Chief Executive
All other
employee
Employment of chacal and
moldgoal Adviser..