Section 15
General powers of Corporation to transact business
of Sarawak Economic Development Corporation, 1958
The Corporation shall have power to do anything and to enter into any transaction (whether or not involving expenditure, borrowing, granting of loans or guarantees or investment of money in accordance with the provisions of this Ordinance in that behalf, the acquisition of any property or rights or, subject to section 19, the disposal of any property or rights) which in its opinion is calculated to facilitate the proper discharge of its functions, or is incidental or conducive thereto.
Power to appoint committees 16.⎯(1)
The Corporation may appoint a committee of the
Corporation to examine and report to the Corporation on any matter whatsoever arising out of or connected with any of its powers and duties under this Ordinance.
(2)
Any such committee shall consist of at least two members of the Corporation together with such other persons, whether members of the Corporation or not, whose assistance or advice the Corporation may desire.
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(3)
Where persons, not being members of the Corporation, are members of a committee appointed under this section or where any person is co-opted under section 8(7), the Corporation may by resolution declare the remuneration and allowances of such persons, and such sums shall properly be payable out of the funds and resources of the Corporation.
[Am. Ord. No. 19/71.]
(4)
The Corporation may by resolution reject the report of any such committee or adopt it either wholly or with such modifications, additions or adaptations as the Corporation may think fit.
Delegation of powers of the Corporation 17.⎯(1)
The Corporation may, subject to such conditions, limitations or restrictions as it thinks fit, delegate to any committee or to the Chairman the power and authority to carry out on its behalf such powers, duties or functions by this Ordinance vested in the
Corporation as the Corporation may determine, except the power to borrow money, raise loans or make regulations; and any power or function so delegated may be exercised or performed by such committee, or the Chairman, as the case may be, in the name and on behalf of the Corporation.
(2)
Without prejudice to the generality of subsection (1) the
Corporation may delegate to the Chairman, any of its other members, committees or any officer or servant, authority to sanction expenditure from the funds or any other money under the control of the
Corporation up to such limit as the Corporation shall in such case specify.
[Sub. Ord. No. 19/71; Am. Cap. A41.]
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Appointment of valuers and inspectors 18.⎯(1)
The Corporation may from time to time appoint and employ valuers and inspectors at such remuneration and on such terms as the Corporation may determine, and may in its discretion remove any person so appointed.
(2)
The fee of any valuer or inspector shall be fixed by the
Corporation.
(3)
Any valuer or inspector appointed under this section may, at all reasonable times, enter upon any lands or premises in respect of which a loan or guarantee has been made or granted under this
Ordinance, and may value or inspect the same, and any person obstructing or causing to be obstructed any valuer or inspector in making such valuation or inspection, whether by force or by threats or in any other manner, shall be guilty of an offence: Penalty, imprisonment for three months and a fine of five hundred ringgit.
Balancing of revenue account and surplus revenue 19.⎯(1)
It shall be the duty of the Corporation so to exercise and perform its functions as to secure that its revenues are not less than sufficient to meet all sums properly chargeable to its revenue account, taking one year with another.
(2)
Any excess of the revenues of the Corporation for any financial year thereof over the sums properly chargeable to its revenue account for that year shall be applied by the Corporation for such purposes as it may, with the approval of the Majlis Mesyuarat
Kerajaan Negeri, determine.
Gifts 19A. The Corporation may accept gifts, legacies or donations and apply them for the purpose of any of its functions or duties.
[Ins. Ord. No. 19/71.]
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Additional functions of the Corporation 19B. In addition to the duties imposed upon and powers vested in the Corporation by this Ordinance, the Corporation may undertake such other functions, exercise such other powers and administer and expend such other moneys for such purposes as the Minister may assign or give to it and in so doing the Corporation shall be deemed to be fulfilling the purposes of this Ordinance and this Ordinance shall apply to the Corporation in respect of such functions and the administration and expending of such moneys:
Provided always that the accounts of such moneys shall be kept separate and apart from those relating to the funds of the Corporation specified in section 20.
[Ins. Ord. No. 19/71.]
Power of Minister to give directions 19C.⎯(1) The Corporation shall be responsible to the Minister, and the Minister may, from time to time, give directions not inconsistent with this Ordinance and the Corporation shall, as soon as possible, give effect to all such directions.
(2)
Without prejudice to the generality of subsection (1) and subject to consultation with the Corporation, the power of the Minister to give directions shall extend to the giving to it of directions regarding the disposal of capital assets.
[Ins. Ord. No. 19/71.]