Victorian Consolidated Legislation

Lord Mayor's Charitable Fund Act 1996 - SECT 19

Duties and powers

19. Duties and powers



(1) The duty of the executive committee is to administer, on behalf of the
Board, the money in the Fund and in particular-

   (a)  to ensure that the Fund is administered efficiently; and

   (b)  to keep proper accounts and records of income and expenditure of the
        Fund; and

   (c)  to pass accounts for payment; and

   (d)  to prepare and submit to the annual meeting of the Board the financial
        statements of the Board and the annual report on the affairs of the
        Board together with a report by an auditor qualified to audit the
        affairs of a corporation under the Corporations Law.

(2) The Board may, by special resolution, delegate to the executive committee
any of its functions or powers except-

   (a)  the power to make rules; and

   (b)  the power to make a recommendation under section 4; and

   (c)  the power to form an opinion under section 10; and

   (d)  this power of delegation.

(3) The executive committee may-

   (a)  do all things necessary or convenient to enable it to perform its
        duties; and

   (b)  may exercise functions or powers delegated to it under subsection (2).

(4) The executive committee must report its proceedings to the Board at each
ordinary meeting of the Board.