Otago Foundation Trust Board Act 1992 No 2 (as at 04 December 1992), Private Act

Reprint as at 4 December 1992

Otago Foundation Trust Board Act 1992

Private Act1992 No 2
Date of assent3 December 1992
Commencement3 December 1992

Note

Changes authorised by section 17C of the Acts and Regulations Publication Act 1989 have been made in this reprint.

A general outline of these changes is set out in the notes at the end of this reprint, together with other explanatory material about this reprint.


Contents

Title

1 Short Title

Preliminary

2 Interpretation

Otago Foundation Trust Board

3 Otago Foundation Trust Board

4 Members of Board

5 Vacancies on Board

6 Filling of vacancies

7 Evidence of appointment of new trustee

8 Notification of appointment

Meetings of Board

9 Presiding member of Board

10 Meetings of Board

11 Minutes of meetings

Functions and powers of Board

12 Common seal

13 Contracts of Board

14 Purpose and functions of Board

15 Powers of Board

16 Factor and other employees

Ecclesiastical fund

17 Ecclesiastical fund

Educational fund

18 Educational fund

First Church fund

19 First Church fund

Manse fund

20 Manse fund

College site fund

21 College site fund

College fund

22 College fund

Synod procedure

23 Regulations of Synod

24 Delegation by Synod

25 Directions of Synod

Board's accounts

26 Board's accounts

27 Budgeting

28 Expenditure

29 Liabilities

Deacons' Courts

30 Incorporation of Deacons' Courts

31 Incorporated Deacons' Court may use word Incorporated in its name

32 Existing incorporated Deacons' Courts

33 Vesting of assets

34 Continuation of rights and liabilities

35 Powers of incorporated Deacons' Courts

36 Common seal

37 Contracts of incorporated Deacons' Courts

38 Defective appointments

39 Change of name

40 Management by Synod and Board

41 Application for cancellation of incorporation by Synod

42 Application for cancellation of incorporation by Deacons' Court

43 Cancellation of incorporation

44 Assets, etc, transferred to manse fund on cancellation

Repeals and savings

45 Repeals and savings

46 Private Act

Schedule
Forms

Reprint notes


An Act to consolidate and amend the Otago Foundation Trust Board Act 1962 and its amendments

  • Preamble

    Whereas the Otago Foundation Trust Board is presently incorporated under the provisions of the Otago Foundation Trust Board Act 1962 to which there have been 2 amendments: And whereas the law in New Zealand relating to trustees and their powers has developed and changed as has the general law and commercial practice and ecclesiastical needs: And whereas it is now desired to consolidate those amendments and to make further provisions in accordance with those developments and changes to enable the better administration of the funds of the said Board: And whereas it is desired to state more adequately the roles and functions of the said Board and the Presbyterian Synod of Otago and Southland:

Be it therefore enacted by the Parliament of New Zealand as follows: