Professional statute overview
Enactment structure, operative effect and source provenance
01
Purpose and legislative effect
“"board" means the board of trustees established under section 4.”
The board must apply the trust property and any income from it for the purposes of the trust. Establishes an executive committee and sets rules for appointment, term, chairperson, quorum, voting, subcommittees and procedure. The executive committee may exercise certain board powers (subject to board directions) and must report to and account to the board at specified intervals, submit annual estimates, and provide copies of its resolutions. The Minister may appoint a district arts committee for each district; such a committee must have the number of persons the Minister determines and may regulate its own procedure subject to directions and instructions. Acts done before 8 October 1959 by the former trustees relating to the fund are declared lawful, and the former trustees are released and discharged from legal proceedings in respect of those acts.
02
How the instrument operates
- 01
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- 02
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- 03
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- 04
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03
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"board" means the board of trustees established under section 4.
Section 1
The Minister may appoint a district arts committee for each district; such a committee must have the number of persons the Minister determines and may regulate its own procedure subject to directions and instructions.
Section 13
From and after the 8th October, 1959, the trust relating to the fund that existed prior to that date is extinguished.
Section 2
The board must keep full and correct accounts of all monies and must submit an annual report to the Minister; the accounts must be audited annually by an auditor approved by the Minister and, after audit, submitted to the Minister and published in the Gazette.
Section 6
From and after 8th October 1959, the board must assume and discharge all obligations and liabilities of the former trustees and must indemnify the former trustees for those obligations and related costs.
Section 9
04
Source and current-law status
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