1964 Ed.] St. Paul's College Council Regulations. [CAP. 1102
they must comply with the regulations and decisions of the corporation.
8. (1) The Honorary Treasurer shall be responsible for the general supervision of the finances. He shall arrange for the accounts to be audited by such person as shall be appointed for that purpose by the corporation and shall present a report thereon to the corporation as soon as possible after the close of the financial year.
(2) In every year whenever possible the corporation shall set aside a sum to the credit of a reserve fund as provision for extension, maintaining or replacing buildings, or for unforeseen circumstances.
9. (1) All cheques drawn on the banking accounts of the corporation and all orders for payment, promissory notes, and other negotiable instruments made or issued by the corporation shall be signed by the Principal, or in his absence by the Acting Principal, and, in addition, either by the Treasurer of the corporation or the Secretary of the College, or by such other person or persons as the corporation shall from time to time appoint.
(2) All other contracts and instruments entered into by the corporation in the ordinary course of business shall be signed by the Chairman and the Principal, or such other person or persons as the corporation shall from time to time appoint.
A 5
[Subsidiary]
Finance.
Signature of document.
1964 Ed.] St. Paul's College Council Regulations. [CAP. 1102
they must comply with the regulations and decisions of the corporation.
8. (1) The Honorary Treasurer shall be responsible for the general supervision of the finances. He shall arrange for the accounts to be audited by such person as shall be appointed for that purpose by the corporation and shall present a report thereon to the corporation as soon as possible after the close of the financial year.
(2) In every year whenever possible the corporation shall set aside a sum to the credit of a reserve fund as provision for exten- sion, maintaining or replacing buildings, or for unforeseen circumstances.
9. (1) All cheques drawn on the banking accounts of the corporation and all orders for payment, promissory notes, and other negotiable instruments made or issued by the corporation shall be signed by the Principal, or in his absence by the Acting Principal, and, in addition, either by the Treasurer of the corpora- tion or the Secretary of the College, or by such other person or persons as the corporation shall from time to time appoint.
(2) All other contracts and instruments entered into by the corporation in the ordinary course of business shall be signed by the Chairman and the Principal, or such other person or persons as the corporation shall from time to time appoint.
A 5
[Subsidiary]
Finance.
Signature of document.
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