(1) The Metropolitan Authority shall meet at such meetings place and at such time, and shall observe such rules of 11/1" et roli- thoP procedure in regard to the transaction of business at its tan meetings (including the quorum at its meetings) as may be Authority. prescribed.
(2) The Chairman of the Metropolitan Authority, or, if for any reason he is unable to attend any meeting, the Vice- Chairman, or, if for any reason both the Chairman and the Vice-Chairman are unable to attend any meeting, any other member of the Metropolitan Authority, elected by the , members thereof present at the meeting, shall preside at the meeting.
6. The Metropolitan Authority may, with the previous Power of approval of the State Government, borrow any money for Metropolicarrying out the purposes of this Act or for servicing any Authority loan obtained by it.
to borrow.
7. There shall be a Fund for the Metropolitan Authority to which shall be credited—
(a) such monies as may be paid to it by the State Government under the Taxes on Entry of Goods into Calcutta Metropolitan Area Act, 1970,
(b) all monies borrowed by the Metropolitan Authority,
(c) such other monies as may be paid to the Metropolitan Authority by the State Government or any other authority or agency.