1987 Ed.]
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(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 Hong 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 thereon 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-
(a) any defect in the appointment of any member;
(b) the absence of any member from the meeting at which such 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 or any part of its property as security therefor, and pay interest on any money so borrowed or raised.
16. (1) The Board shall keep such accounts of its financial transactions as the Financial Secretary may require and shall prepare for each 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 submitted 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 Governor may allow.
Proceedings of the Board.
Validity of proceedings.
Power to borrow money.
Accounts and statements.
1987 Ed.]
Jubilee Sports Centre
[CAP. 309
7
(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 Hong 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 thereon 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 meet- ings 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-
(a) any defect in the appointment of any member;
(b) the absence of any member from the meeting at which such
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 or any part of its property as security therefor, and pay interest on any money so borrowed or raised.
16. (1) The Board shall keep such accounts of its financial transactions as the Financial Secretary may require and shall prepare for each 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 submitted 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 Governor may allow.
Proceedings of
the Board.
Validity of proceedings.
Power to borrow
money.
Accounts and statements.
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