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【法规名称】 
【法规编号】 44221  什么是编号?
【正  文】

第2页 CAP 1094A MUNSANG COLLEGE RULES

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  Cap 1094A rule 15 FINANCE
  
  A report upon each and every college or school established or maintained by the corporation together with appropriation account of the expenses thereof for the next ensuing year shall be prepared and signed by the appropriate Principal and Bursar jointly and shall be presented to the Council at the second ordinary meeting in each year.
  
  Cap 1094A rule 16
  
  (1) A current account to be known as the "No. 1 account" shall be opened in the name of the Munsang College, or in such other name as the Council may decide, at such bank as the Council may from time to time approve, and all school fees received shall be paid into, and all payments of salaries and other expenses for the running of the colleges and schools of the corporation shall be paid out of, such account.
  
  (2) All cheques drawn on the above account on behalf of the corporation shall be signed by any two of the following persons, namely-
  
  (a) the Chairman;
  
  (b) the Vice-Chairman; and
  
  (c) the Honorary Treasurer; orby any one of them and countersigned by either the appropriate Principal or the appropriate Bursar.
  
  Cap 1094A rule 17
  
  (1) All donations of a special nature, or, if a sinking fund is ever created, the moneys received therefor, shall be paid into a separate current account to be known as the "No. 2 account" to be opened in the name of the Munsang College, or in such other name as the Council may decide, at such bank as the Council shall from time to time approve.
  
  (2) All cheques drawn on the above account on behalf of the corporation shall be signed by the Chairman and any one member of the Council.
  
  Cap 1094A rule 18
  
  In any year in which, in the opinion of the members of the Council present at a meeting convened for the purpose, there shall be a surplus of income over expenditure, the balance so resulting may be transferred to the No. 2 account as provision for unforeseen contingencies.
  
  Cap 1094A rule 19
  
  The Council may create, set aside and deal with in such manner and for such purpose as the Council may think fit any provident fund or sinking fund which the Council may deem necessary or expedient.
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