New South Wales Consolidated Acts

MCGARVIE SMITH INSTITUTE INCORPORATION ACT 1928 - SECT 18

18 Remuneration of trustees

(1) The Governor may from time to time fix the total amount of the fees by which the trustees are to be remunerated each year, such amount to be paid out of the funds of the body corporate; but in the event of the total amount of such fees not being so fixed, the trustees shall, except as hereinafter provided, be entitled to be paid out of the funds of the body corporate in respect of their services as trustees, or otherwise, but so that the total amount to be paid to the whole of the trustees as remuneration in any one year shall not exceed the sum of seven hundred dollars.

(2) The remuneration payable under this section shall be distributed in such proportion and manner as the trustees may deem advisable.

(3) No remuneration shall be payable under this section to any trustee who is a public servant.