No suit or other legal proceeding shall fie against any officer or servant of the Board in respect of anything done or purported to have been done in good faith under the provisions Of this Act.
Contd.... P...15. , .
■42. A 15 DissourrioN OF BOARD AND TRANS OF ITS ASSETS ANP LIABILITIES TO STATE GOVT.: -
(1) When all' Ale townships under this Act have been constructed and developed or have been so far constructed and developed as to render the continued existence of the Board, in the opinion of the State Govt. unnecessary, the State Government may by notification in the official Gazette, declare that the Board shall be dissolved on such date as may be specified in the notification and the Board shall be deemed to be dissolved accordingly.
(2'; DMAND FROM TIIE SAID DATE: -
(a) All properties and funds placed at the disposal of the Board, all properties situated within the area of operation which immediately before the said date were held by the Board, and all dues realisable by the Board, shall vest in, and be realisable by the State Government.
(b) All liabilities, which, immediately before the said date, were enforceable against the Board, shall be enforceable against the State Govt.
(c) For the purpose of competing the execution of any work undertaken but not fully executed by the Board, and of realising properties, funds and dues referred to in clause (a), the functions of the Board under this Act shall be discharged by the State Govt The State Government shall keep separate accounts of all moneys respectively received and expended by it under this Act until all loans raised thereunder have been repaid and until all other liabilities referred to in clause (c) have been duly met.
(3) The properties and funds vested in the State. Govt. under Sub-section (2) which remain after meeting out the liabilities of the Board shall be transferred to such local authority br local authorities, as may be having jurisdiction over the Township in such proportion as the State Govt. may by order determine.
45. POWER 0 MAKE RULE ; -
(1) The Stato Government may, subject to the conditions of previous publication, by notification in the (dfiCi purposes of this Act.
(2) In particular, and without prejudice to , power, such rules May provide for all or any of the fo of the foregoing namely: - Coned.... P...16...
e, make rules for carrying out the 16
(a) The term of office of members, the manner of filling casual vacancies and the allowances or fees to be paid to any member or asiOciate member of the Board;
(b) The terms and conditions of service of officers and servants of the Board under section 11;
(c) The terms and conditions of service of the Administrator under section 12;
(t The tirilaiOnS akd aiiieS oi th.c. Adaunistratot;
(e) The manner in which the accowits of the Boaro shah be maintaked and the time at which the accounts shall be audited.
(1) The terms on which loans shall be advanced to persons;
(g) The terms on which a building or site may be sold, leased or let out on hire to any person;
(h) The manner in which the fund and other moneys of the Board shall be invested;
(i) The form in which and the time at which the budget and annual report (including the statement of assets and liabilities) of the Board shall be prepared.
0) The services of notices and orders under this Act;
(k) Any other matter which has to be, or may be prescribed under this Act.
(3) All rules mit& under this Section shall be published in the official Gazette.
(4) Any rule made by the Board under this Act, may provide that a contravention thereof shall he punishable with fine, which may extend to five hundred rupees.
Contd.... P...17...
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