Clause 3

by deleting the word “All” in the first line of subsection (2) and substituting the words “Subject to subsection (2A), all”;

by deleting the words “General Manager” wherever they appear in subsection (2) and substituting in each case the words “chief executive officer”; and

by inserting, immediately after subsection (2), the following subsection:“(2A) All debentures, stock, bonds and other similar instruments issued by the Board under the provisions of this Act may be sealed with the common seal of the Board in the presence of the Director of Finance appointed under section 13 and any officer of the Board authorised by the Board in that behalf, who shall sign every such debenture, stock, bond or other similar instrument to which the common seal is affixed, and such signing shall be sufficient evidence that the common seal was duly and properly affixed and that it is the lawful seal of the Board.”.