4Management of general business etc

4 Management of general business etc

4 Management of general business etc

The general business of the corporation shall, subject to the by-laws for the time being of the corporation, be under the immediate management and superintendence of an executive committee (consisting of at least twelve members of the corporation), one of whom shall be called the president of the corporation, and the executive committee for the time being of the corporation shall have the custody of the common seal of the corporation and the form thereof with power to break, alter, and change the same from time to time and all other matters relating thereto which shall from time to time be determined by the said executive committee, and the members of such executive committee or such three or more of them as the by-laws for the time being of the corporation shall direct shall have power to use such common seal for the affairs of the corporation and to affix the same to any deed or document and under such seal either by letter of attorney or otherwise to authorise any person or persons to execute without such seal deeds and contracts and to do all such other things as may be required to be done on behalf of the corporation in conformity with the provisions of this Act and of the by-laws for the time being of the corporation, and it shall not be necessary to use the said seal in respect to any of the ordinary business of the corporation nor for the appointment of its secretary, solicitor, or other officers.

ss 4–6: Am 1984 No 5, Sch 1 (4) (a).