Section 5
of Currency Act
ActRepealedProvision 5 of 27
Section 5
(1)
The Board shall meet at least twice in each calendar year and at such other times as may be deemed necessary by the Chairman.
(2)
A quorum of the Board shall consist of 2 members one of whom shall be the Chairman.
Currency
p. 7
(3)
Decisions of the Board shall be taken by a simple majority of votes and in the event of an equality of votes the Chairman shall have a casting vote:
Provided that the Chairman shall only have a casting vote when all members of the Board are present.
[S 9/98]
(4)
Subject to the provisions of this Act the Board shall regulate its own proceedings.
Board may make appointments.