CO882-(6-8) — Page 546

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PUBLIC RECORD OFFICE

Reference :-

C.O. 882

ALLY WITHOUT PERMISSION OF THE BE REPRODUCED PHOTOGRAPHIC- COPYRIGHT PHOTOGRAPH—NOT TO

8 PUBLIC RECORD OFFICE, LONDON

By whom

receipts

may be

given on behalf of the Com-

pany,

Provision

if share- holders cannot be traced,

Dissolu- tion of

176

to be issued to them the Government may issue the stock to such amounts and to such persons as the Company may require and the issue of stock in accordance with such requirements shall to that extent discharge the Government of its liability to issue stock to the Company.

17. If any part of such compensation is to be discharged in cash the receipt of three Directors of the Company or of three members of the London Committee of the Company for any sum in gross to be paid by the Government to the Company shall effectually discharge the Government for the sum expressed in such receipt to have been received and from being concerned to see to the application thereof and from being answerable or accountable for the loss misapplication or non-application

thereof.

18. If the Company is unable after diligent inquiry to find the person to whom any money is payable or stock issuable or where any money or stock is payable or issuable to a person who or whose committee or guardian cannot give an effectual receipt for the same the Company may pay or transfer the same as nearly as may be in manner provided for payment of money into Court by any Legislative Enact- ment for the time being in force for the relief of trustees and such Enactment shall apply with all necessary modifications to such money or stock.

19.

When all such moneys or stock if any as in Section 18 mentioned have heen paid or transferred into Court the Company may apply to the Governor in Company. Council who if satisfied that the said time has arrived shall give a certificate to that effect and upon publication of such certificate in the "Gazette" the Company shall be dissolved.

Board to hold and

manage

the under-

taking.

Incorpora- tion of Board.

Costs of

20. (1). A Board to be called the Tanjong Pagar Dock Board shall be con- stituted as hereinafter provided. The Board shall from and after the appointed date hold the undertaking of the Company and may exercise all the rights powers authorities and privileges of the Company and shall (to the exclusion of the Com- pany) be subject to all the duties obligations and liabilities of the Company.

The Board shall be a body politic and corporate and have perpetual succession and a common seal and may sue and be sued in its corporate name as freely and unrestrictedly as any other Incorporated Company.

(2). After any judgment decree or order has been given or pronounced against the Board the Registrar of the Supreme Court shall give to the person who has obtained such judgment decree or order a certificate in the form in the Schedule to this Ordinance when thereunto requested.

(3). The amount together with any costs given by the judgment decree or order shall be paid by the Chairman of the Board out of the property held by or in charge of the Board.

21. The costs of the Company incurred in and incidental to arbitration under arbitration. this Ordinance shall except and so far as the Court otherwise determine be borne in the first instance by the Government and shall be a charge upon the revenues of the Board. The Court shall upon the application of the Government order the taxation of any such costs in such manner and on such scale or principle as it may think fit.

Payment

22. The money or inscribed stock to which the Company or its shareholders of interest, shall become entitled under this Ordinance in consideration of the acquisition of their undertaking shall be paid or issued to the Company or such persons as are referred to in Section 16 of this Ordinance within twelve months after the amount thereof shall have been ascertained in manner provided by this Ordinance. Pending the payment to the Company of the sum referred to in Section 10 the Board or the Government on behalf of the Board shall pay to the Company from the appointed date interest at the rate of 12 per cent. per annum on the issued ordinary share capital of the Company as constituted on the 10th December 1904.

Constitu- tion of

Board.

Removal

of

23.-(1). The Board shall be appointed by the Governor. One-third of the members shall retire by rotation every three years but may be reappointed if the Governor shall see fit. Of the original members those to retire in the first and second years shall be determined by lot.

(2.) The Governor may at any time by writing under the hand of the Colonial members. Secretary remove any member from the Board and such member shall forthwith

cease to act.

177

(3). In the event of a vacancy among the members of the Board from whatever Vacancies. cause arising the Governor may appoint another person to fill the vacancy and such person shall hold office for the unexpired term of office of the member whom he replaces.

(4). In addition to the members referred to above there shall be not more than Official two official members who shall be appointed by and hold office during the pleasure members. of the Governor.

among

Chairman.

(5). The Chairman of the Board shall be appointed by the members from themselves subject to the confirmation of the Governor. He shall not be an official member.

24. The members of the Board shall receive such fees and remuneration as the Payment of Governor may from time to time determine.

Board.

mombery of

Powers of 25. The Governor may from time to time issue to the Board such instructions Governor to give instruo as he may see fit and the Board shall forthwith give effect to such instructions.

tions to Board.

26. Theovernor in Council may from time to time make regulations as to The Governor the constitutio quorum proceedings officers and place of meeting of the Board; in Council but subject to such regulations and so far as any such regulations shall not extend regulation the Board may regulate its own proceedings.

27. The Board shall for the purposes of its powers and duties under this Powers of Ordinance or otherwise with respect to the carrying on of the undertaking have the Board. power to manage alter and enlarge and with the consent of the Governor to lease or alienate any land or buildings held by it under this Ordinance and to acquire hire erect and furnish such docks workshops buildings and offices as it may require.

28. The Secretary of the Board or any officer or member thereof acting under How pro- a general or special resolution of the Board may authorize the institution and ceedings carrying on or the defence of any proceeding which the Board is authorized to are to he institute carry on or defend. Any information or complaint applying to the instituted property or undertakings under the control of the Board may be laid or made by defended. any officer or member of the Board or by the Secretary.

and

members and

29. No member of the Board and no person employed by the Board shall be Status of deemed to be a member of the Civil Service of the Colony by reason only of such servants of employment but all such members and persons shall be held to be public servants within the meaning of the Penal Code.

Board.

Ord. iv. of 1871.

30. Subject to any instructions or regulations issued or made under Sections 25 Board to and 26 hereof all persons employed by the Board shall be appointed by the Board appoint at such rates of salary or wages as the Board may determine and any person may be and dismissed by the Board with such notice or compensation in lieu of notice as is Bervants, customary in each case.

dismiss

31.-(1). The Board shall pay to the Government at such time or times as the Board to Governor shall direct the full ascertained amount of the charges incurred by the pay full Government in connection with the issue of any loan which may be raised by the cost of Government for the purposes of this Ordinance and for interest sinking fund management and redemption of such loan. No such sum shall be liable to be assessed for the Military Contribution.

loan.

(2). At the end of each half year the net revenue of the Board after providing Reserve for such payment and for a sufficient working balance shall be paid into an account fand. to be called the Reserve Fund to be kept in the names of the Colonial Treasurer and

of one or more members of the Board. The Reserve Fund shall be available from time to time with the sanction of the Governor and to such extent as he shall

approve

for

any purpose connected with the business of the Board.

(3). On any sums which may be paid or advanced by the Government from time to time for the purposes of this Ordinance from General Revenue the Board shall

pay to the Government such rate of interest as may be fixed by the Governor in Council not exceeding four per cent. per annum until such sums have been repaid by the Board to the Government.

Passed this 7th day of April, 1905.

E. L. BROCK MAN,

Clerk of Councils.