(1) The Metropolitan Authority shall meet at such place and at Meetings of such time, and shall observe such rules of procedure in regard to the thpoeliMtanetrotransaction of business at its meeting (including the quorum at its Authority.
meetings) as may be 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 approval of Power of.
the State Government, borrow any money for carrying out the purposes of A mueth torityhttoan this Act or for servicing any loan obtained by it. borrow.
7. There shall be a Fund for the Metropolitan Authority to which Funds of the shall be credited— Metropolitan
(a) such monies as may be paid to it by the State Government under Authority.
the Taxes on Entry of Goods into Calcutta Metropolitan Area Act, 1972,
(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.