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8. A meeting of the Authority shall be held not later than one month after the date on which the first appointment of members of the Authority under this Schedule takes effect and thereafter meetings shall be held on such dates and at such intervals as the Authority may determine.
9. The quorum required for a meeting of the Authority shall be four.
10.—(1) A member of the Authority shall, if he is in any way directly or indirectly interested in any contract or other transaction entered into or proposed to be entered into by the Authority which involves or is likely to involve any payment by or on behalf of the Authority, disclose the nature of his interest at a meeting of the Authority as soon as possible after the relevant circumstances have come to his knowledge.
(2) Any disclosure under sub-paragraph (1) shall be recorded in the minutes of the meeting, and that member of the Authority shall withdraw from the meeting while that contract or transaction is being considered and shall not take part after the disclosure in any deliberation or decision of the Authority with respect to that contract or transaction.
(3) Where under sub-paragraph (2) a member of the Authority is prohibited from taking part in any deliberation or decision, that member of the Authority shall be disregarded for the purpose of constituting a quorum for that deliberation or decision.
11. The proceedings of the Authority or any Committee appointed by the Authority shall not be invalidated by any vacancy in the membership thereof or by any defect in the appointment of or by the disqualification of any person acting as Chairman or Deputy Chairman or a member of the Authority.
12. The seal of the Authority shall be authenticated by the signature of the Chairman of the Authority or some other member of the Authority authorised by the Authority to act in that behalf and of the Secretary to the Authority or some other person authorised by the Authority to act in that behalf.
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