1964 Ed.]
Munsang College Rules.
[CAP. 1094
12. All resolutions carried as aforesaid by a majority of the members present and all acts done pursuant to any such resolutions shall be deemed to be the resolutions and acts respectively of the Council.
13. Minutes of the proceedings of every meeting of the Council shall be entered in a book kept for that purpose and shall on approval by the Council be signed by the chairman at the conclusion of such meeting or by the chairman of the following meeting; and shall when so entered and signed be evidence of the facts therein stated.
14. (1) Notice of any Council meeting shall be signed by either the Chairman, the Vice-Chairman, or the Honorary Secretary and shall be deemed to have been delivered to the addresses if it is left or sent through the post to their respective addresses registered with the Registrar of Companies.
(2) Seven clear days' notice shall be given of every meeting, stating the time and place of holding the meeting and the objects or purposes for which the meeting is to be held.
(3) Any notice sent in accordance with the provisions of paragraph (1) shall be effective although the member of Council to whom it is intended may at the time be absent from his registered address or may never actually receive the notice.
(4) Proxies shall not be permitted at any meeting.
FINANCE.
15. A report upon each and every college or school established or maintained by the corporation together with appropriation account of the expenses thereof for the next ensuing year shall be prepared and signed by the appropriate Principal and Bursar jointly and shall be presented to the Council at the second ordinary meeting in each year.
16. (1) A current account to be known as the “No. 1 account” shall be opened in the name of the Munsang College, or in such other name as the Council may decide, at such bank as the Council may from time to time approve, and all school fees received shall be paid into, and all payments of salaries and other expenses for the running of the colleges and schools of the corporation shall be paid out of, such account.
(2) All cheques drawn on the above account on behalf of the corporation shall be signed by any two of the following persons, namely-
(a) the Chairman;
A 3
[Subsidiary]
1964 Ed.]
Munsang College Rules.
[CAP. 1094
12. All resolutions carried as aforesaid by a majority of the members present and all acts done pursuant to any such resolutions shall be deemed to be the resolutions and acts respectively of the Council.
13. Minutes of the proceedings of every meeting of the Council shall be entered in a book kept for that purpose and shall on approval by the Council be signed by the chairman at the con- clusion of such meeting or by the chairman of the following meeting; and shall when so entered and signed be evidence of the facts therein stated.
14. (1) Notice of any Council meeting shall be signed by either the Chairman, the Vice-Chairman, or the Honorary Secretary and shall be deemed to have been delivered to the addresses if it is left or sent through the post to their respective addresses regis- tered with the Registrar of Companies.
(2) Seven clear days' notice shall be given of every meeting. stating the time and place of holding the meeting and the objects or purposes for which the meeting is to be held.
(3) Any notice sent in accordance with the provisions of paragraph (1) shall be effective although the member of Council to whom it is intended may at the time be absent from his regis- tered address or may never actually receive the notice.
(4) Proxies shall not be permitted at any meeting.
FINANCE.
15. A report upon each and every college or school establish- ed or maintained by the corporation together with appropriation account of the expenses thereof for the next ensuing year shall be prepared and signed by the appropriate Principal and Bursar jointly and shall be presented to the Council at the second ordinary meeting in each year.
16. (1) A current account to be known as the “No. I account" shall be opened in the name of the Munsang College, or in such other name as the Council may decide, at such bank as the Council may from time to time approve, and all school fees received shall be paid into, and all payments of salaries and other expenses for the running of the colleges and schools of the corpora- tion shall be paid out of, such account.
(2) All cheques drawn on the above account on behalf of the corporation shall be signed by any two of the following persons, namely-
(a) the Chairman;
A 3
[Subsidiary]
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