PENANG AND PROVINCE WELLESLEY JUBILEE FUND ACT 1965 (REVISED - 2019)

Penang and Province Wellesley Jubilee Fund LAWS OF MALAYSIA Act 821 PENANG AND PROVINCE WELLESLEY JUBILEE FUND ACT 1965 (Revised—2019) REVISED BY THE COMMISSIONER OF LAW REVISION, MALAYSIA UNDER THE AUTHORITY OF THE REVISION OF LAWS ACT 1968 2019 1 2 Act 821 Laws of Malaysia PENANG AND PROVINCE WELLESLEY JUBILEE FUND ACT 1965 Revised up to … … … … 1 December 2019 Date of publication in the … Gazette of this revised edition … 27 December 2019 … 27 December 2019 Date appointed for coming into operation of this revised edition pursuant to paragraph 6(1)(xxiii) of the Revision of Laws Act 1968 [Act 1] … … … First enacted in 1965 as Act of Parliament No. 77 of 1965 Penang and Province Wellesley Jubilee Fund LAWS OF MALAYSIA Act 821 PENANG AND PROVINCE WELLESLEY JUBILEE FUND ACT 1965 ARRANGEMENT OF SECTIONS Section 1. Short title 2. Interpretation 3. Trustees of the Fund 4. Chairman and custody of the seal 5. Sealing documents 6. General Committee 7. Subcommittees 8. Power of Trustees to make rules 9. Money to be banked 10. Signing of cheques 11. Investment 12. Accounts to be kept and audited 13. Treasurer to submit accounts and information to Trustees 14. Meeting of Trustees 3 4 Laws of Malaysia Act 821 Penang and Province Wellesley Jubilee Fund 5 LAWS OF MALAYSIA Act 821 PENANG AND PROVINCE WELLESLEY JUBILEE FUND ACT 1965 An Act to make better provision for the Penang and Province Wellesley Silver Jubilee Fund. [30 September 1965] Short title 1. This Act may be cited as the Penang and Province Wellesley Jubilee Fund Act 1965. Interpretation 2. In this Act, unless the context otherwise requires— “Chief Minister” means the Chief Minister of Penang; “Corporation” means the Corporation established by section 3; “Fund” means the Penang and Province Wellesley Silver Jubilee Fund and includes all subscriptions, donations, interest and dividends collected and received by the Corporation for the purposes of this Act; “Trustees” means the Chief Minister, ex-officio, and three residents of the State of Penang appointed under section 3; “Yang di-Pertua Negeri” means the Yang di-Pertua Negeri of Penang. 6 Laws of Malaysia Act 821 Trustees of the Fund 3. (1) The Chief Minister, ex-officio, and three residents of the State of Penang appointed by the Yang di-Pertua Negeri shall be the Trustees of the Fund who shall be a Corporation. (2) The Corporation shall have the name of the “Trustees of the Penang and Province Wellesley Silver Jubilee Fund” and shall have perpetual succession and a common seal. (3) The Corporation may sue and be sued in its name. (4) The objects of the Fund are as follows: (a) to relieve the poor and needy in Penang; and (b) to maintain a home or settlement in Penang Island for the poor. (5) For the purposes and benefit of the Fund, the Corporation may— (a) enter into contracts; (b) acquire, purchase, take, hold and enjoy moveable and immoveable property of every description; (c) sell, convey, assign, surrender, mortgage, lease or otherwise dispose of any moveable or immoveable property vested in the Corporation upon such terms as the Corporation thinks fit; and (d) collect and receive subscriptions, donations, interest and dividends. Chairman and custody of the seal 4. The Chief Minister shall be, ex-officio, the Chairman of the Corporation and shall have the custody of the seal of the Corporation. Penang and Province Wellesley Jubilee Fund 7 Sealing documents 5. All deeds, documents or other instruments which are by law required to be sealed shall be sealed with the seal of the Corporation in the presence of the Chairman and one other Trustee, and shall also be signed by each of them; and the signing shall be taken as sufficient evidence of the due sealing of such deeds, documents and other instruments. General Committee 6. (1) The Trustees shall appoint a General Committee consisting of twelve persons. (2) The Trustees may appoint members of the General Committee either generally or for a specified period, and may, in their discretion, revoke the appointment of any member of the Committee. (3) Upon any member of the General Committee ceasing to hold that appointment, the Trustees shall appoint a new member. (4) The General Committee shall have full power to manage the Fund and to spend the moneys of the Fund for the purposes set out in this Act, but shall be subject to the control of the Trustees. (5) The General Committee shall not be incapable of acting by reason only of there being any vacancy in the membership of the Committee. (6) Every Trustee shall be eligible to be appointed as a member of the General Committee. (7) The Trustees shall appoint a Secretary and a Treasurer and such other officers as the Trustees consider desirable for the management of the Fund, and may in their discretion, at any time remove from his appointment any officer so appointed. 8 Laws of Malaysia Act 821 Subcommittees 7. (1) The General Committee may appoint subcommittees consisting of members of the Committee with the addition of any other persons as the Committee may desire with the approval of the Trustees. (2) The General Committee may at any time, remove such other persons appointed under subsection (1) and appoint other persons in their place with the approval of the Trustees. (3) The General Committee may delegate any power as it thinks fit to the subcommittees. Power of Trustees to make rules 8. The Trustees may make rules providing for the duties and procedures of the General Committee and of the subcommittees. Money to be banked 9. All moneys belonging to, or collected or received by, the Corporation, shall be deposited in the bank of the Corporation. Signing of cheques 10. (1) All cheques drawn upon the bank account of the Corporation shall be signed by the Chairman of the General Committee and shall be countersigned by the Treasurer. (2) The bank may pay all cheques drawn against that account which are so signed and countersigned. Investment 11. (1) The moneys of the Fund may be invested by the Corporation in any security in which trustees are authorized by law to invest trust funds. (2) All investments shall be made in the name of the Corporation. Penang and Province Wellesley Jubilee Fund 9 Accounts to be kept and audited 12. The Treasurer shall keep the accounts of the Fund which shall be audited by the Auditor General. Treasurer to submit accounts and information to Trustees 13. The Treasurer shall submit to the Trustees an annual statement of accounts audited under section 12 and shall furnish the Trustees with such information as the Trustees may require. Meeting of Trustees 14. (1) Meetings of the Trustees shall be held at such places and times as the Chief Minister thinks fit. (2) Two Trustees, of whom the Chief Minister shall be one, shall form a quorum. (3) In the event of an equality of votes, the Chief Minister shall have a second or casting vote. 10 Act 821 Laws of Malaysia LAWS OF MALAYSIA Act 821 PENANG AND PROVINCE WELLESLEY JUBILEE FUND ACT 1965 (Revised—2019) Particulars under paragraphs 7(ii) and (iii) of the Revision of Laws Act 1968 [Act 1] LIST OF AMENDMENTS Amending law Short title In force from -NIL- LIST OF LAWS OR PARTS THEREOF SUPERSEDED No. Title Act No. 77 of 1965 Penang and Province Wellesley Jubilee Funds Act, 1965 Penang and Province Wellesley Jubilee Fund LAWS OF MALAYSIA Act 821 PENANG AND PROVINCE WELLESLEY JUBILEE FUND ACT 1965 (Revised—2019) LIST OF SECTIONS AMENDED Section Amending authority -NIL- In force from 11 12 Act 821 Laws of Malaysia LAWS OF MALAYSIA Act 821 PENANG AND PROVINCE WELLESLEY JUBILEE FUND ACT 1965 (Revised—2019) LIST OF AMENDMENTS MADE BY THE COMMISSIONER OF LAW REVISION UNDER SECTION 6 OF THE REVISION OF LAWS ACT 1968 [ACT 1] Provision Particulars of amendments Authority for amendment Table of contents Altered paragraph 6(1)(vii) Throughout the Act 1. Words “Yang di-Pertua Negeri” paragraph 6(1)(xvii) substituted for “Governor” 2. Wo r d “ s u b c o m m i t t e e s ” paragraph 6(1)(xv) substituted for “subcommittees” 3. Shoulder note substituted for paragraph 6(1)(xxiv) marginal note 4. Full stop at the end of shoulder paragraph 6(1)(xvi) notes omitted Effective date Words “30 September 1965” paragraph 6(1)(iii) substituted for “30th September, 1965.” Enacting clause Omitted section 1 Comma before the word “1965” paragraph 6(1)(xvi) omitted section 2 1. subparagraph 6(1)(i)(f) In the interpretation of “Fund”— a. comma substituted for the paragraph 6(1)(xvi) word “and” b. Words “collected and” paragraph 6(1)(iii) inserted after the word “dividends” Penang and Province Wellesley Jubilee Fund Provision Particulars of amendments 13 Authority for amendment 2. Interpretation of “Trustees” paragraph 6(1)(xxiv) inserted after the interpretation of “Fund” 3. I n t h e i n t e r p r e t a t i o n o f paragraph 6(1)(xvii) “Governor”, words “Yang di-Pertua Negeri” substituted for “Governor” section 3 In the shoulder note, words paragraph 6(1)(xxi) “Trustees of the Fund” substituted for “Trustees of the Penang and Province Wellesley Silver Jubilee Fund” paragraph 3(1)(a) Rearranged and renumbered as paragraphs 6(1)(xii), subsection 3(1) with consequential (xiii), (xxi) and (xxiv) alterations made paragraphs 3(1)(b) and (c) Rearranged and renumbered as paragraphs 6(1)(xii), subsection 3(2) with consequential (xiii), (xxi) and (xxiv) alterations made subsection 3(2) R e a r r a n g e d , d i v i d e d a n d paragraphs 6(1)(xii), renumbered as subsection 3(3) (xiii) and (xxiv) and paragraphs 3(5)(a) to (d) with consequential alterations made subsection 3(3) R e a r r a n g e d , d i v i d e d a n d paragraphs 6(1)(xii), renumbered as paragraphs 3(4)(a) (xiii), (xxi) and (xxiv) and (b) with consequential alterations made section 4 1. In the shoulder note, word paragraph 6(1)(iii) “custody” substituted for “keeper” 2. Word “the” inserted before paragraph 6(1)(xv) the word “Chairman” section 5 Words “the signing” substituted paragraph 6(1)(xxi) for “such signing” subsections 6(2) Word “General” inserted before paragraph 6(1)(iii) to 6(6) the word “Committee” wherever it appears, except in the last line of subsections (2) and (5) subsection 6(2) Word “revoke” substituted for paragraph 6(1)(iii) “cancel” 14 Laws of Malaysia Provision Particulars of amendments Act 821 Authority for amendment subsection 6(7) Words “as the Trustees consider” paragraphs 6(1)(iii) substituted for “as they may and (xxi) consider” subsection 6(8) 1. Rearranged, divided and paragraphs 6(1)(xii), renumbered as subsections (xiii) and (xxiv) 7(1) to (3) with consequential alterations made 2. S h o u l d e r n o t e paragraph 6(1)(xxiv) “Subcommittees” inserted before new section 7 1. Renumbered as section 8 2. Shoulder note “Power of paragraph 6(1)(xxiv) Trustees to make rules” inserted before new section 8 1. Renumbered as section 9 2. Wo r d s “ r e c e i v e d f r o m paragraph 6(1)(xxi) subscribers, and all other moneys” after the words “All moneys” omitted subsection 6(9) section 7 paragraph 6(1)(xii) paragraph 6(1)(xii) section 8 Renumbered as section 10 paragraph 6(1)(xii) section 9 1. Renumbered as section 11 paragraph 6(1)(xii) 2. Words “The moneys of” paragraph 6(1)(xxi) substituted for “Moneys belonging to” 1. Renumbered as section 12 2. Comma after the word “Fund” paragraph 6(1)(xvi) omitted 3. Words “Auditor General” paragraph 6(1)(xv) substituted for “AuditorGeneral” 1. Renumbered as section 13 2. Word “under” substituted for paragraph 6(1)(xxi) “as provided in” 3. Words “section 12” substituted paragraph 6(1)(xix) for “section 10” 4. Comma before the words “and paragraph 6(1)(xvi) shall” omitted section 10 section 11 paragraph 6(1)(xii) paragraph 6(1)(xii) Penang and Province Wellesley Jubilee Fund Provision section 12 section 13 Particul