(1) The State Government shall, subject to such terms and conditions as may be prescribed, appoint a member of the Corporation to be the Executive Vice-Chairman of the Corporation who shall be its Chief Executive Officer.
198 The West Bengal Comprehensive Area Development Act, 1974.
XXXIX of 1974.]
(Sections 7-10.)
(2) The Executive Vice-Chairman shall exercise such powers and perform such duties as may be provided by regulations.
7. Subject to such terms and conditions as may be provided by regulations, the Corporation may appoint such officers and other employees as it considers necessary for the purpose of carrying out the provisions of this Act:
Provided that no person whose honorarium or maximum salary exceeds fifteen hundred rupees per month shall be appointed by the Corporation except with the previous approval of the State Government.
8. The Corporation shall be responsible for drawing up and implementation of projects for comprehensive development of selected areas in the State with a view to increasing agricultural production and ensuring maximum benefits of such production to the cultivators.
9. The Corporation shall, for the purpose of carrying out its functions under this Act, have the following powers, namely:—
(a) to acquire, hold and dispose of movable and immovable property;
(b) to incur expenditure in the discharge of its functions under this Act;
(c) to borrow money with or without interest subject to such terms and conditions as may be prescribed, and for that purpose pledge, hypothecate or mortgage any of its assets;
(d) to advance loans on such terms and conditions as may be prescribed;
(e) to write off loans subject to such conditions as may be prescribed;
(f) to enter into or perform such contracts as may be necessary for the performance of its duties and the exercise of its powers under this Act.