(1) The management, control and administration of every public institution maintained out of the District Fund shall vest in the Board.
Property vested in the Board.
Acquisition of land for Board.
Management of public institutions.
[Act No.I of 1956] 43
(2) When any public institution has been placed under the direction, management and control of the Board, all property, endowments and funds belonging thereto shall be held by the Board in trust for the purposes to which such property, endowments and funds were lawfully applicable at the time when the institution was so placed:
Provided that the extent of the independent authority of the Board in respect of any such institution may be prescribed.
69. The Board may, with the sanction of Government, transfer to the Government any property vested in the Board under sections 66, 67 or 68 but not so as to effect any trust or public right subject to which the property is held.
70. Subject to such exceptions as the Government may by general or special order direct, no Board shall transfer any immovable property except in pursuance of a resolution passed at a meeting by majority of not less than two-thirds of the whole numher of its members and in accordance with rules made under this Act, and no Board shall transfer any property which has been vested in it by the Government except with the sanction of the Government:
Provided that nothing in this section shall apply to leases of immovable property for a term not exceeding three years.
71. The Board shall have the power to hold auctions and to enter into contracts pertaining to such auctions:
Provided that when the period of such contract exceeds one year but does not exceed three years, the sanction of the Secretary, Local Government Department and when it exceeds three years, the sanction of the Government shall be obtained.
Transfer of Board’s property to the Government.
Auctions.
Other transfers of Board’s property.
44 [Act No.I of 1956]
72. Nothing contained in this Act shall affect the Local Authorities Loans Act, 1352 F.