Singapore legislation
Clause 19
Clause 19
General powers of Board
The Board shall have with respect to any such endowment all such powers as it would have had if it had been named as trustee in the instrument creating the endowment, and in any case may —
(a)
appoint and remove any employee of any such endowment;
(b)
receive and collect the income of the endowment;
(c)
expend such income —
(i)
in defraying the expenses of the management of the endowment and of the Board;
(ii)
in carrying out the purposes of the endowment; and
(d)
raise funds by means of voluntary subscriptions or contributions for the purposes of exercising its powers, performing its duties and discharging its obligations under this Act.