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PATRIOTIC FUND REORGANISATION ACT 1903 - SECT 5

Short title.

5.(1) This Act may be cited as the Patriotic Fund Reorganisation Act, 1903.

Subs.(2) rep. by SLR 1927

Constitution of Corporation.

1. The Corporation shall consist of the following persons, namely:

(a)Twelve members nominated by His Majesty by warrant under the sign manual,
who shall be appointed for a term of three years, but shall be eligible for
re-appointment, and who are referred to as "appointed members."

(b)The lord lieutenants of counties.

(c)....

(d).... [the chairman of every district council in Northern Ireland
established under the Local Government Act (Northern Ireland) 1972].

(e)....

(f)Any number of persons not exceeding seven whom the council of the
Corporation may think fit to co-opt as members, each of whom shall have been
nominated as the representative of a charitable fund founded for the like
purposes as the Corporation.

[(g)Two members appointed on the recommendation of the Minister of Pensions by
His Majesty by warrant under the sign manual.]2. .... the appointed members
shall be selected as follows; namely, six members shall be appointed by His
Majesty by warrant under the sign manual, and the remaining six members shall
be co-opted by the general council, and the members so appointed or co-opted
shall hold office for a term of three years, but shall be eligible for
re-appointment or co-optation by His Majesty or by the council.

Where any vacancy occurs by death, resignation, effluxion of time or otherwise
in the office of any member so appointed or co-opted, the vacancy shall be
filled by appointment by His Majesty or by co-optation, as the case may be.
Any member so appointed or co-opted shall hold office for three years, and
shall be eligible for re-appointment or co-option.3. The powers and duties of
the Corporation shall be exercised and performed by the general council of the
Corporation, consisting of the whole of the members, and by an executive
committee appointed from among the members.4. The general council shall meet
once at least in every year, and shall also meet when required to meet by a
requisition in writing signed by not less than ten members of the Corporation,
and seven members shall constitute a quorum of the general council.5.(a) One
of the members of the Corporation appointed by the Crown shall be nominated by
the Crown as president of the council.

(b) The chairman of the executive committee shall be elected by the committee
and shall be the vice-president of the council.6. The executive committee
shall consist of not less than twelve nor more than [twenty-two] members of
the Corporation, of whom three shall constitute a quorum. Four members in the
first instance, and thereafter one member of the committee, shall be appointed
by the Treasury, [four by the Secretary of State for Defence], and the
remaining members shall be appointed by the general council.7. The business
and affairs of the Corporation shall be conducted by the executive committee
under the control of the general council, who may make general rules for, or
give special directions to, the committee, but subject to any such rules or
directions the committee shall regulate their own procedure. General rules
made by the council may provide for the formation of local committees for
purposes connected with the fund (the members of which need not be members of
the Corporation), and may regulate the functions of those committees, and may
provide for other matters incidental to the due conduct of the business of the
Corporation.8. The Paymaster-General shall be the treasurer of the
Corporation, and he shall keep such accounts on behalf of the Corporation as
the Treasury may from time to time direct.9. All securities belonging to the
Corporation shall be deposited in the Bank of England for the credit and at
the disposal of the Corporation, and all interest and dividends accruing on
such securities shall from time to time be received by the Bank of England,
and shall be carried by them to the cash account of the Paymaster-General in
their books.10. On the sale at any time under the authority of the Corporation
of any annuities, stocks, funds or securities standing to their account in the
books of the Bank of England, and of any securities belonging to the
Corporation deposited with the Bank of England, the proceeds of the sales
shall be received by the Bank, and shall be carried by them to the cash
account of the Paymaster-General in their books.11. The accounts of the
receipts and expenditure of the Corporation shall be audited in such manner
and by such persons as the Treasury may from time to time direct.12. The
corporation may employ a secretary, clerks and servants at salaries, and the
said salaries and all other proper expenses of the Corporation shall be paid
out of the funds at the disposal of the Corporation.13. The general council
may establish a scheme of pensions for persons in the permanent employment of
the Corporation, and for that purpose may create a superannuation fund, one
half of which shall be furnished by contributions from the beneficiaries, and
the other half of which shall be furnished from the funds at the disposal of
the Corporation.14. The Corporation may from time to time solicit and receive
contributions from the public and donations of property for the purposes of
the Corporation, and may also receive any such sums as may be granted by
Parliament.15. The Corporation shall in each year make a report of their
proceedings to His Majesty.

Second Schedule rep. by SLR 1927

© 1903 Crown Copyright

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