TNAG-0563-FCO40-658-Construction-of-an-underground-railway-system-in-Hong-Kong-1975 — Page 9

C120

Board of the Corporation.

Proceedings of the Board.

ÁY CÓ

MASS TRANSIT RAILWAY CORPORATION BILL

(2) The purposes of the Corporation are-

(a) to construct the Mass Transit Railway and to operate it having regard to the reasonable requirements of the public transport system of Hong Kong;

(b) to engage in such other activities, and to perform such functions, as the Governor may, after consultation with the Corporation, permit or assign to it by order published in the Gazette.

(3) The Corporation shall have perpetual succession and a common seal and be capable of suing and being sued and of doing and suffering all such other acts and things as bodies corporate may lawfully do and suffer.

4.

(1) The Corporation shall have a Board comprising— (a) a Chairman appointed by the Governor;

(b) the Managing Director appointed under section 7(2); and

(c)

not less than 4 nor more than 8 other members appointed by the Governor.

(2) Subject to sections 7(1) and 20, the Board is the governing body of the Corporation with authority, in the name of the Corporation, to exercise and perform the powers, functions and duties conferred or imposed on the Corporation by or under this Ordinance.

(3) The Chairman shall be appointed for such term as the Governor thinks fit and any member appointed under subsection (1)(c) who is not a public officer shall be appointed for a term not exceeding 3 years.

(4) The Chairman and any member appointed under subsection (1)(c) who is not a public officer may, upon the expiry of his term of appoint- ment, be reappointed and may before the expiry thereof→→→

(a) resign his office by notice to the Governor; or

(b). be removed therefrom by the Governor for permanent incapacity or other sufficient cause (as to the existence of which the Governor's decision shall be final);

and upon such resignation or removal the term for which he was appointed under this section shall be deemed to have expired.

(5) A public officer appointed to an office under this section shall hold the same at the pleasure of the Governor but he may-

(a) at any time resign such office by notice to the Governor; and (b) be appointed thereto more than once.

(6) Where a member is precluded by temporary incapacity or other cause from exercising his functions as such for any period (as to which the Governor's decision shall be final) the Governor may appoint another person to act as a member during such period with all such rights, powers, duties and liabilities as if he had been appointed under subsection (1).

(7) A member may be paid such fees and expenses as the shareholders think fit.

5. (1) Five members shall form a quorum at any meeting of the

Board.

(2) At any meeting of the Board the Chairman or in the absence of the Chairman such other member as the members present may select shall preside.