Rules of the Authority

(1) The Board may from time to time make Rules of the Authority not inconsistent with this Act, for all or any of the following purposes– (a) regulating the proceedings of the Board; (b) providing for the custody of the property of the Authority, and the custody and use of the common seal of the Authority; (c) regulating the terms and conditions of employment of persons appointed under section 8; (d) the preparation of semi-annual or quarterly audits of the Authority; and (e) providing for such other matters as may be necessary or expedient for the better carrying out of the functions of the Authority. (2) Notice in writing of every proposed Resolution to make Rules under this section or for the amendment or revocation of any Rule so made, (including a copy of the proposed Rules, amendment, or revocation) shall be given to every Director not less than twenty-one days before the meeting at which the proposal is to be moved, but an inadvertent failure to comply with this sub-section shall not invalidate the making, amendment, or revocation of any Rule at that meeting. 26