Singapore legislation
Section 3
Section 3
Trustees incorporated
(1)
In order to carry out the objects of the Fund the trustees of the Fund are hereby constituted a corporation by the name “the Trustees of the Silver Jubilee Fund (Singapore)”, which —
by that name has perpetual succession;
shall have a common seal; and
may for the purposes of the Fund —
sue and be sued;
make contracts;
acquire, purchase, take, hold and enjoy movable and immovable property of every description;
sell, convey, assign, surrender, mortgage, lease, or otherwise dispose of any movable or immovable property vested in it upon such terms as to the Corporation may seem fit; and
collect and receive further subscriptions and donations, interest and dividends for the benefit of the Fund.
(2)
The Corporation shall consist of the persons for the time being discharging the duties of the Permanent Secretary to the Ministry of Finance and the Accountant-General and two persons not in the service of the Government from time to time appointed by the Minister.
(3)
Should any person appointed a trustee by the Minister resign or be absent for 9 months from Singapore or fail to attend to the duties of his trusteeship the Minister may consider him to have vacated his membership of the Corporation and may appoint another person as a trustee in his place.
(4)
No salary, fee or honorarium shall be paid to any trustee of the Fund.