1986 Ed.]
Regional Council
[CAP. 385
21
(b) the alteration, transfer, endorsement or addition to any certificate, authorization, consent, licence, permit or exemption;
(c) the certification of an extract of a document, book, record or instrument as a true extract thereof;
(d) the issue of a duplicate of a document, as provided for in subsection (3).
(3) Where an enactment requires or authorizes the issue of a document by a public officer on behalf of the Regional Council such officer may issue a duplicate thereof.
46. (1) Without limiting any particular power of the Regional Council in that behalf, any fee or charge payable to the Regional Council under any enactment may be, in any particular case and on any special ground-
(a) reduced by the Regional Council or varied by it (but not so as to cause the fee or charge as varied to exceed the original figure);
(b) remitted or refunded in whole or in part.
Reduction etc. of fees and charges.
(2) The power in subsection (1) shall not be exercised in respect of Regional Council rates payable under the Rating (Cap. 116) Ordinance.
47. (1) Subject to such terms and conditions as may be approved by the Financial Secretary, the Regional Council may raise a loan or loans, chargeable upon and payable out of the revenues and assets of the Regional Council, of such sums of money as may be required for any capital expenditure of the Regional Council or for the repayment of any loan previously raised for any such purpose.
(2) The Regional Council may, with the approval of or in accordance with the terms of any general authority given by the Financial Secretary, borrow temporarily, by way of overdraft or otherwise, such sums of money as may be required for discharging obligations or fulfilling functions imposed or conferred upon the Regional Council by this or any other Ordinance.
48. All funds of the Regional Council that are not immediately required shall be
(a) deposited in any bank licensed under the Banking Ordinance on fixed term or call deposit or in a current or savings account; or
(b) invested in such other investments as may be approved by the Financial Secretary.
Power to borrow.
Investment of surplus funds.
(Cap. 155)
49. The revenues of the Regional Council shall not be subject Exemption from to taxation.
taxation.
1986 Ed.]
Regional Council
[CAP. 385
21
(b) the alteration, transfer, endorsement or addition to any certificate, authorization, consent, licence, permit or exemption;
(c) the certification of an extract of a document, book, record
or instrument as a true extract thereof;
(d) the issue of a duplicate of a document, as provided for in
subsection (3).
(3) Where an enactment requires or authorizes the issue of a document by a public officer on behalf of the Regional Council such officer may issue a duplicate thereof.
46. (1) Without limiting any particular power of the Regional Council in that behalf, any fee or charge payable to the Regional Council under any enactment may be, in any particular case and on any special ground-
(a) reduced by the Regional Council or varied by it (but not so as to cause the fee or charge as varied to exceed the original figure);
(b) remitted or refunded in whole or in part.
Reduction etc. of fees and charges.
(2) The power in subsection (1) shall not be exercised in respect of Regional Council rates payable under the Rating (Cap. 116.) Ordinance.
47. (1) Subject to such terms and conditions as may be approved by the Financial Secretary, the Regional Council may raise a loan or loans, chargeable upon and payable out of the revenues and assets of the Regional Council, of such sums of money as may be required for any capital expenditure of the Regional Council or for the repayment of any loan previously raised for any such purpose.
(2) The Regional Council may, with the approval of or in accordance with the terms of any general authority given by the Financial Secretary, borrow temporarily, by way of overdraft or otherwise, such sums of money as may be required for discharging obligations or fulfilling functions imposed or conferred upon the Regional Council by this or any other Ordinance.
48. All funds of the Regional Council that are not immediately required shall be
(a) deposited in any bank licensed under the Banking Ordin- ance on fixed term or call deposit or in a current or savings account; or
(b) invested in such other investments as may be approved by
the Financial Secretary.
Power to
borrow.
Investment of surplus funds.
(Cap. 155.)
49. The revenues of the Regional Council shall not be subject Exemption from to taxation.
taxation.
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