SCHEDULES

SCHEDULE 4NEW TOWN COMMISSIONS

Instruments and Contracts

13

The fixing of the seal of the commission shall be authenticated by the signature of—

a

the Chairman; or

b

another member authorised either generally or specially by the commission to act for that purpose; or

c

the general manager if authorised either generally or specially by the commission to act for that purpose.

14

Any contract or instrument which if made or executed by a person not being a body corporate would not be required to be under seal may, if the subject matter thereof does not exceed [F1 [F2F3 £15,000 in value] or such larger value as the Department may by order made subject to negative resolution determine], be made or executed on behalf of the commission by any person generally or specially authorised by them to act for that purpose.