Currency Act · s 5

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s 5Proceedings of the Board

(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.