TNAG-0563-FCO40-658-Construction-of-an-underground-railway-system-in-Hong-Kong-1975 — Page 82

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CONFIDENTIAL #

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26

PART II

Incorporation and powers

The Mass Transit Railway Corporation is

established as a body corporate (clause 3(1)). Its

purposes are set out in clause 3(2).

•

The Corporation is to be governed by a Board

(clause 4(2)), which will comprise a Chairman appointed

by the Governor, the Managing Director, ex officio,

and not less than 4 nor more than 8 other members also

appointed by the Governor (clause 4(1)). There are

provisions as to -

(a) the term of office of members of the Board

(clause 4(3) and (5));

(b) resignation and removal from office

(clause 4(4) and (5)(a));

(c) the temporary incapacity of a member

(clause 4(6)); and

(d) remuneration of members (clause 4(7)).

The Board may regulate its own procedure

(clause 5(4)) but express provision is made for a

quorum (clause 5(1)), the chairing of meetings (clause

5(2)) and voting on questions arising at meetings

(clause 5(3)). A member who has an interest in a

contract must declare his interest and take no part

in the Board's proceedings concerning the contract

(clause 5(5)).

The Corporation has power to do whatever is

expedient for or conducive to the attainment of its

purposes (clause 6(1)). Certain specific powers are

spelt out in clause 6(2) and (3).

CONFIDENTIAL

機密