Procedure at meetings

(1) The Chairperson shall preside at all meetings of the Board, but in his absence the members present may elect one of their number to act as Chairperson at that meeting. (2) The quorum at all meetings of the Board shall be five (3) The Board may act, notwithstanding a vacancy among its members. (4) All questions coming or arising before a meeting of the Board shall be decided by a majority of the members present and voting thereon at the meeting and in the case of an equality of votes the person presiding shall have a second or casting vote. 10 (5) (a) A member of the Board who is in any way directly or indirectly interested in a contract made or proposed to be made by the Board shall, as soon as possible after the relevant circumstances have come to his knowledge, disclose the nature of his interest at a meeting (b) Any disclosure made under subparagraph (a) of this subsection shall be recorded in the minutes of the Board and the member, (i) shall not take part after the disclosure in any deliberation or decision of the Board with respect to the contract; and (ii) shall be disregarded for the purpose of constituting a quorum of the Board for any such deliberation or decision. (6) The General Manager shall attend all meetings of the Board, but shall have no right of vote. (7) The functions of the Corporation shall include, (a) Securing the proper development of North Ambergris Caye under the provisions of this Act (hereinafter referred to as “development (b) Exercising such other functions relating to North Ambergris Caye as may be conferred upon the Corporation under the provisions of this Act (hereinafter referred to as “municipal 11