SCHEDULE
PART IIPROCEEDINGS OF THE COMMITTEE
Chairman
1
1
At the first meeting of the Committee and thereafter at the first meeting next held after the 1st April in each year the Committee shall elect one of their members to be chairman.
2
The chairman so elected shall continue in that office until a new chairman is elected in accordance with sub-paragraph (1).
3
An outgoing chairman shall, if he continues to be a member of the Committee, be eligible for re-election.
4
At a meeting of the Committee—
a
the chairman shall, if present, be chairman of the meeting;
b
if and so long as the chairman is not present or if the office of chairman is vacant, the members of the Committee who are present shall choose one of their number to be chairman of the meeting.
Meetings
2
1
The quorum for a meeting of the Committee shall be four.
2
Every question at a meeting of the Committee shall be determined by a majority of the votes of the members present and voting on the question, and in the case of an equal division of votes, the chairman of the meeting shall have a second or casting vote.
Power to act notwithstanding vacancy
3
The Committee shall have power to act notwithstanding any vacancy in their numbers.
Attestation of Common Seal
4
The common seal of the Committee shall, when applied to a document, be attested by the signatures of any two members of the Committee authorised by the Committee to act for that purpose.
Execution of Contracts and Instruments not under Seal
5
Any contract or instrument which, if entered into or executed by an individual, would not require to beF2 executed as a deed may be entered into or executed on behalf of the Committee by any person generally or specially authorised by the Committee to act for that purpose.
Disclosure of Interests
6
1
A member of the Committee shall, if he is in any way directly or indirectly interested in any contract made or proposed to be made by the Committee which involves or is likely to involve any payment out of the Development Fund, disclose the nature of his interest at a meeting of the Committee as soon as possible after the relevant circumstances have come to his knowledge.
2
Any disclosure made by a member under sub-paragraph (1) shall be recorded in the minutes of the Committee and, if the other members of the Committee present at the meeting so decide, that member shall not take part after the disclosure in any deliberation or decision of the Committee with respect to that contract.
3
Where under sub-paragraph (2) a member is prohibited from taking part in any deliberation or disclosure, that member shall be disregarded for the purpose of constituting a quorum of the Committee for any such deliberation or decision.
Defect in Appointment
7
No defect in the appointment of any person acting as a member of the Committee shall vitiate any proceedings of the Committee in which he has taken part.