{\rtf1\adeflang1025\ansi\ansicpg1252\uc1\adeff0\deff0\stshfdbch31505\stshfloch31506\stshfhich31506\stshfbi0\deflang1033\deflangfe1033\themelang1033\themelangfe0\themelangcs0{\fonttbl{\f0\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman;}{\f2\fbidi \fmodern\fcharset0\fprq1{\*\panose 02070309020205020404}Courier New;}
{\f3\fbidi \froman\fcharset2\fprq2{\*\panose 05050102010706020507}Symbol;}{\f10\fbidi \fnil\fcharset2\fprq2{\*\panose 05000000000000000000}Wingdings;}{\f10\fbidi \fnil\fcharset2\fprq2{\*\panose 05000000000000000000}Wingdings;}
{\f39\fbidi \fswiss\fcharset0\fprq2{\*\panose 020f0502020204030204}Calibri;}{\f40\fbidi \froman\fcharset0\fprq2{\*\panose 00000000000000000000}Cambria;}{\flomajor\f31500\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman;}
{\fdbmajor\f31501\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman;}{\fhimajor\f31502\fbidi \fswiss\fcharset0\fprq2{\*\panose 020f0302020204030204}Calibri Light;}
{\fbimajor\f31503\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman;}{\flominor\f31504\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman;}
{\fdbminor\f31505\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman;}{\fhiminor\f31506\fbidi \fswiss\fcharset0\fprq2{\*\panose 020f0502020204030204}Calibri;}
{\fbiminor\f31507\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman;}{\f42\fbidi \froman\fcharset238\fprq2 Times New Roman CE;}{\f43\fbidi \froman\fcharset204\fprq2 Times New Roman Cyr;}
{\f45\fbidi \froman\fcharset161\fprq2 Times New Roman Greek;}{\f46\fbidi \froman\fcharset162\fprq2 Times New Roman Tur;}{\f47\fbidi \froman\fcharset177\fprq2 Times New Roman (Hebrew);}{\f48\fbidi \froman\fcharset178\fprq2 Times New Roman (Arabic);}
{\f49\fbidi \froman\fcharset186\fprq2 Times New Roman Baltic;}{\f50\fbidi \froman\fcharset163\fprq2 Times New Roman (Vietnamese);}{\f62\fbidi \fmodern\fcharset238\fprq1 Courier New CE;}{\f63\fbidi \fmodern\fcharset204\fprq1 Courier New Cyr;}
{\f65\fbidi \fmodern\fcharset161\fprq1 Courier New Greek;}{\f66\fbidi \fmodern\fcharset162\fprq1 Courier New Tur;}{\f67\fbidi \fmodern\fcharset177\fprq1 Courier New (Hebrew);}{\f68\fbidi \fmodern\fcharset178\fprq1 Courier New (Arabic);}
{\f69\fbidi \fmodern\fcharset186\fprq1 Courier New Baltic;}{\f70\fbidi \fmodern\fcharset163\fprq1 Courier New (Vietnamese);}{\f432\fbidi \fswiss\fcharset238\fprq2 Calibri CE;}{\f433\fbidi \fswiss\fcharset204\fprq2 Calibri Cyr;}
{\f435\fbidi \fswiss\fcharset161\fprq2 Calibri Greek;}{\f436\fbidi \fswiss\fcharset162\fprq2 Calibri Tur;}{\f437\fbidi \fswiss\fcharset177\fprq2 Calibri (Hebrew);}{\f438\fbidi \fswiss\fcharset178\fprq2 Calibri (Arabic);}
{\f439\fbidi \fswiss\fcharset186\fprq2 Calibri Baltic;}{\f440\fbidi \fswiss\fcharset163\fprq2 Calibri (Vietnamese);}{\f442\fbidi \froman\fcharset238\fprq2 Cambria CE;}{\f443\fbidi \froman\fcharset204\fprq2 Cambria Cyr;}
{\f445\fbidi \froman\fcharset161\fprq2 Cambria Greek;}{\f446\fbidi \froman\fcharset162\fprq2 Cambria Tur;}{\f449\fbidi \froman\fcharset186\fprq2 Cambria Baltic;}{\f450\fbidi \froman\fcharset163\fprq2 Cambria (Vietnamese);}
{\flomajor\f31508\fbidi \froman\fcharset238\fprq2 Times New Roman CE;}{\flomajor\f31509\fbidi \froman\fcharset204\fprq2 Times New Roman Cyr;}{\flomajor\f31511\fbidi \froman\fcharset161\fprq2 Times New Roman Greek;}
{\flomajor\f31512\fbidi \froman\fcharset162\fprq2 Times New Roman Tur;}{\flomajor\f31513\fbidi \froman\fcharset177\fprq2 Times New Roman (Hebrew);}{\flomajor\f31514\fbidi \froman\fcharset178\fprq2 Times New Roman (Arabic);}
{\flomajor\f31515\fbidi \froman\fcharset186\fprq2 Times New Roman Baltic;}{\flomajor\f31516\fbidi \froman\fcharset163\fprq2 Times New Roman (Vietnamese);}{\fdbmajor\f31518\fbidi \froman\fcharset238\fprq2 Times New Roman CE;}
{\fdbmajor\f31519\fbidi \froman\fcharset204\fprq2 Times New Roman Cyr;}{\fdbmajor\f31521\fbidi \froman\fcharset161\fprq2 Times New Roman Greek;}{\fdbmajor\f31522\fbidi \froman\fcharset162\fprq2 Times New Roman Tur;}
{\fdbmajor\f31523\fbidi \froman\fcharset177\fprq2 Times New Roman (Hebrew);}{\fdbmajor\f31524\fbidi \froman\fcharset178\fprq2 Times New Roman (Arabic);}{\fdbmajor\f31525\fbidi \froman\fcharset186\fprq2 Times New Roman Baltic;}
{\fdbmajor\f31526\fbidi \froman\fcharset163\fprq2 Times New Roman (Vietnamese);}{\fhimajor\f31528\fbidi \fswiss\fcharset238\fprq2 Calibri Light CE;}{\fhimajor\f31529\fbidi \fswiss\fcharset204\fprq2 Calibri Light Cyr;}
{\fhimajor\f31531\fbidi \fswiss\fcharset161\fprq2 Calibri Light Greek;}{\fhimajor\f31532\fbidi \fswiss\fcharset162\fprq2 Calibri Light Tur;}{\fhimajor\f31533\fbidi \fswiss\fcharset177\fprq2 Calibri Light (Hebrew);}
{\fhimajor\f31534\fbidi \fswiss\fcharset178\fprq2 Calibri Light (Arabic);}{\fhimajor\f31535\fbidi \fswiss\fcharset186\fprq2 Calibri Light Baltic;}{\fhimajor\f31536\fbidi \fswiss\fcharset163\fprq2 Calibri Light (Vietnamese);}
{\fbimajor\f31538\fbidi \froman\fcharset238\fprq2 Times New Roman CE;}{\fbimajor\f31539\fbidi \froman\fcharset204\fprq2 Times New Roman Cyr;}{\fbimajor\f31541\fbidi \froman\fcharset161\fprq2 Times New Roman Greek;}
{\fbimajor\f31542\fbidi \froman\fcharset162\fprq2 Times New Roman Tur;}{\fbimajor\f31543\fbidi \froman\fcharset177\fprq2 Times New Roman (Hebrew);}{\fbimajor\f31544\fbidi \froman\fcharset178\fprq2 Times New Roman (Arabic);}
{\fbimajor\f31545\fbidi \froman\fcharset186\fprq2 Times New Roman Baltic;}{\fbimajor\f31546\fbidi \froman\fcharset163\fprq2 Times New Roman (Vietnamese);}{\flominor\f31548\fbidi \froman\fcharset238\fprq2 Times New Roman CE;}
{\flominor\f31549\fbidi \froman\fcharset204\fprq2 Times New Roman Cyr;}{\flominor\f31551\fbidi \froman\fcharset161\fprq2 Times New Roman Greek;}{\flominor\f31552\fbidi \froman\fcharset162\fprq2 Times New Roman Tur;}
{\flominor\f31553\fbidi \froman\fcharset177\fprq2 Times New Roman (Hebrew);}{\flominor\f31554\fbidi \froman\fcharset178\fprq2 Times New Roman (Arabic);}{\flominor\f31555\fbidi \froman\fcharset186\fprq2 Times New Roman Baltic;}
{\flominor\f31556\fbidi \froman\fcharset163\fprq2 Times New Roman (Vietnamese);}{\fdbminor\f31558\fbidi \froman\fcharset238\fprq2 Times New Roman CE;}{\fdbminor\f31559\fbidi \froman\fcharset204\fprq2 Times New Roman Cyr;}
{\fdbminor\f31561\fbidi \froman\fcharset161\fprq2 Times New Roman Greek;}{\fdbminor\f31562\fbidi \froman\fcharset162\fprq2 Times New Roman Tur;}{\fdbminor\f31563\fbidi \froman\fcharset177\fprq2 Times New Roman (Hebrew);}
{\fdbminor\f31564\fbidi \froman\fcharset178\fprq2 Times New Roman (Arabic);}{\fdbminor\f31565\fbidi \froman\fcharset186\fprq2 Times New Roman Baltic;}{\fdbminor\f31566\fbidi \froman\fcharset163\fprq2 Times New Roman (Vietnamese);}
{\fhiminor\f31568\fbidi \fswiss\fcharset238\fprq2 Calibri CE;}{\fhiminor\f31569\fbidi \fswiss\fcharset204\fprq2 Calibri Cyr;}{\fhiminor\f31571\fbidi \fswiss\fcharset161\fprq2 Calibri Greek;}{\fhiminor\f31572\fbidi \fswiss\fcharset162\fprq2 Calibri Tur;}
{\fhiminor\f31573\fbidi \fswiss\fcharset177\fprq2 Calibri (Hebrew);}{\fhiminor\f31574\fbidi \fswiss\fcharset178\fprq2 Calibri (Arabic);}{\fhiminor\f31575\fbidi \fswiss\fcharset186\fprq2 Calibri Baltic;}
{\fhiminor\f31576\fbidi \fswiss\fcharset163\fprq2 Calibri (Vietnamese);}{\fbiminor\f31578\fbidi \froman\fcharset238\fprq2 Times New Roman CE;}{\fbiminor\f31579\fbidi \froman\fcharset204\fprq2 Times New Roman Cyr;}
{\fbiminor\f31581\fbidi \froman\fcharset161\fprq2 Times New Roman Greek;}{\fbiminor\f31582\fbidi \froman\fcharset162\fprq2 Times New Roman Tur;}{\fbiminor\f31583\fbidi \froman\fcharset177\fprq2 Times New Roman (Hebrew);}
{\fbiminor\f31584\fbidi \froman\fcharset178\fprq2 Times New Roman (Arabic);}{\fbiminor\f31585\fbidi \froman\fcharset186\fprq2 Times New Roman Baltic;}{\fbiminor\f31586\fbidi \froman\fcharset163\fprq2 Times New Roman (Vietnamese);}}
{\colortbl;\red0\green0\blue0;\red0\green0\blue255;\red0\green255\blue255;\red0\green255\blue0;\red255\green0\blue255;\red255\green0\blue0;\red255\green255\blue0;\red255\green255\blue255;\red0\green0\blue128;\red0\green128\blue128;\red0\green128\blue0;
\red128\green0\blue128;\red128\green0\blue0;\red128\green128\blue0;\red128\green128\blue128;\red192\green192\blue192;\red79\green129\blue189;}{\*\defchp \fs22\loch\af31506\hich\af31506\dbch\af31505 }{\*\defpap \ql \li0\ri0\sa160\sl259\slmult1
\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 }\noqfpromote {\stylesheet{\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \snext0 \styrsid16349799 Normal;}{\s1\ql \li0\ri0\sb240\sa120\keep\keepn\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \ab\af0\afs28\alang1025 
\ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 \snext20 \slink15 \sunhideused \spriority9 \styrsid16349799 heading 1;}{
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\sbasedon1 \snext20 \slink16 \sunhideused \sqformat \spriority9 \styrsid16349799 heading 2;}{\s3\ql \li0\ri0\sb240\sa120\keep\keepn\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel2\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \ab\af0\afs26\alang1025 
\ltrch\fcs0 \b\i\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon2 \snext20 \slink17 \sunhideused \sqformat \spriority9 \styrsid16349799 heading 3;}{
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\sbasedon0 \snext0 \slink18 \ssemihidden \sunhideused \spriority9 \styrsid16349799 heading 4;}{\*\cs10 \additive \sunhideused \spriority1 \styrsid16349799 Default Paragraph Font;}{\*
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\snext19 \sqformat \spriority18 \styrsid16349799 Num List 1;}{\s20\ql \fi-879\li879\ri0\sb240\sa240\widctlpar\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls13\outlinelevel0\adjustright\rin0\lin879\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \snext20 \sqformat \spriority14 \styrsid16349799 Paragraph - Numbered;}{\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\outlinelevel0\adjustright\rin0\lin1440\itap0 
\rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 \snext21 \sqformat \spriority15 \styrsid16349799 Indent1;}{\s22\ql \fi-601\li2761\ri0\sb240\sa240\widctlpar
\jclisttab\tx2160\wrapdefault\aspalpha\aspnum\faauto\ls8\ilvl1\outlinelevel1\adjustright\rin0\lin2761\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 
\sbasedon19 \snext22 \sqformat \spriority19 \styrsid16349799 Num List 2;}{\s23\ql \fi-601\li3481\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls8\ilvl2\outlinelevel2\adjustright\rin0\lin3481\itap0 \rtlch\fcs1 \af0\afs24\alang1025 
\ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 \sbasedon22 \snext23 \sqformat \spriority20 \styrsid16349799 Num List 3;}{\s24\ql \li720\ri0\sb120\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0 
\rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext24 \ssemihidden \sqformat \spriority0 \styrsid16349799 Quote 1;}{
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\sbasedon24 \snext25 \ssemihidden \sqformat \spriority0 \styrsid16349799 Quote 2;}{\s26\ql \li2160\ri0\sb120\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon25 \snext26 \ssemihidden \sqformat \spriority0 \styrsid16349799 Quote 3;}{
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\sbasedon19 \snext27 \sqformat \spriority34 \styrsid16349799 List Paragraph;}{\s28\ql \li0\ri0\sl-360\slmult0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 \snext28 \slink29 \spriority25 \styrsid16349799 Body Text;}{\*\cs29 \additive \f0\fs20 \slink28 \slocked \spriority25 \styrsid16349799 Body Text Char;}{
\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 
\sbasedon21 \snext30 \sqformat \spriority16 \styrsid16349799 Indent2;}{\s31\ql \li2880\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\ilvl2\outlinelevel2\adjustright\rin0\lin2880\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 \sbasedon30 \snext31 \sqformat \spriority17 \styrsid16349799 Indent3;}{\s32\ql \fi-601\li2761\ri0\sb240\sa240\widctlpar
\jclisttab\tx2160\wrapdefault\aspalpha\aspnum\faauto\ls9\ilvl1\outlinelevel1\adjustright\rin0\lin2761\itap0\contextualspace \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 
\sbasedon36 \snext32 \spriority22 \styrsid16349799 List Bullet 2;}{\s33\ql \fi-601\li3481\ri0\sb240\sa240\widctlpar\jclisttab\tx2880\wrapdefault\aspalpha\aspnum\faauto\ls9\ilvl2\outlinelevel2\adjustright\rin0\lin3481\itap0\contextualspace \rtlch\fcs1 
\af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon32 \snext33 \spriority23 \styrsid16349799 List Bullet 3;}{\s34\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 
\rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 \snext34 \sqformat \spriority0 \styrsid16349799 Jurisdiction;}{
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TOC - Arrangment Heading;}{\s36\ql \fi-601\li2041\ri0\sb240\sa240\widctlpar\jclisttab\tx1440\wrapdefault\aspalpha\aspnum\faauto\ls9\outlinelevel0\adjustright\rin0\lin2041\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \snext36 \spriority21 \styrsid16349799 List Bullet 1;}{\s37\ql \fi-879\li879\ri0\sb240\sa240\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls14\outlinelevel0\adjustright\rin0\lin879\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 \snext20 \spriority13 \styrsid16349799 
Paragraph - No number;}{\*\ts38\tsrowd\trbrdrt\brdrs\brdrw10 \trbrdrl\brdrs\brdrw10 \trbrdrb\brdrs\brdrw10 \trbrdrr\brdrs\brdrw10 \trbrdrh\brdrs\brdrw10 \trbrdrv\brdrs\brdrw10 
\trftsWidthB3\trpaddl108\trpaddr108\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\trcbpat1\trcfpat1\tblind0\tblindtype3\tsvertalt\tsbrdrt\tsbrdrl\tsbrdrb\tsbrdrr\tsbrdrdgl\tsbrdrdgr\tsbrdrh\tsbrdrv 
\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af40\afs20\alang1025 \ltrch\fcs0 \f40\fs20\lang2057\langfe2057\cgrid\langnp2057\langfenp2057 \sbasedon11 \snext38 \spriority59 \styrsid16349799 Table Grid;}
{\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 \snext39 \spriority12 \styrsid16349799 
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\af0 \ltrch\fcs0 \fbias0 \fi-720\li5760\jclisttab\tx4680\lin5760 }{\listlevel\levelnfc255\levelnfcn255\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\'00;}{\levelnumbers;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 
\fi-720\li6480\jclisttab\tx5400\lin6480 }{\listlevel\levelnfc255\levelnfcn255\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\'00;}{\levelnumbers;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 \fi-720\li7200
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\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 \fi-720\li720\lin720 }{\listlevel\levelnfc4\levelnfcn4\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\'02\'01);}{\levelnumbers\'01;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 
\fi-360\li720\lin720 }{\listlevel\levelnfc2\levelnfcn2\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\'02\'02);}{\levelnumbers\'01;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 \fi-360\li1080\lin1080 }{\listlevel\levelnfc0
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{\leveltext\'03(\'05);}{\levelnumbers\'02;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 \fi-360\li2160\lin2160 }{\listlevel\levelnfc0\levelnfcn0\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\'02\'06.;}{\levelnumbers\'01;}
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\fi-360\li2880\lin2880 }{\listlevel\levelnfc2\levelnfcn2\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\'02\'08.;}{\levelnumbers\'01;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 \fi-360\li3240\lin3240 }{\listname 
;}\listid98716738\liststyleid255790128}{\list\listtemplateid-1068482196{\listlevel\levelnfc4\levelnfcn4\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\'04(\'00) ;}{\levelnumbers\'02;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 
\s19\fi-601\li2041\jclisttab\tx1440\lin2041 }{\listlevel\levelnfc2\levelnfcn2\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\'04(\'01) ;}{\levelnumbers\'02;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 \s22\fi-601\li2761
\jclisttab\tx2160\lin2761 }{\listlevel\levelnfc3\levelnfcn3\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\'04(\'02) ;}{\levelnumbers\'02;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 \s23\fi-1321\li4201\lin4201 }{\listlevel
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\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\'00;}{\levelnumbers;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 \fi-720\li4320\lin4320 }{\listlevel\levelnfc255\levelnfcn255\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0
{\leveltext\'00;}{\levelnumbers;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 \fi-720\li5040\lin5040 }{\listlevel\levelnfc255\levelnfcn255\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\'01\'06;}{\levelnumbers\'01;}\rtlch\fcs1 
\af0 \ltrch\fcs0 \fbias0 \fi-720\li5760\lin5760 }{\listlevel\levelnfc255\levelnfcn255\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\'01\'07;}{\levelnumbers\'01;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 
\fi-720\li6480\lin6480 }{\listlevel\levelnfc255\levelnfcn255\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\'01\'08;}{\levelnumbers\'01;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 \fi-720\li7200\lin7200 }{\listname 
;}\listid212930889{\*\liststylename NumLists;}\spriority0 }{\list\listtemplateid-1850459618{\listlevel\levelnfc255\levelnfcn255\leveljc0\leveljcn0\levelfollow2\levelstartat1\levelspace0\levelindent0{\leveltext\'01\'00;}{\levelnumbers\'01;}\rtlch\fcs1 
\af0 \ltrch\fcs0 \fbias0 \fi0\li1440\lin1440 }{\listlevel\levelnfc255\levelnfcn255\leveljc0\leveljcn0\levelfollow2\levelstartat1\levelspace0\levelindent0{\leveltext\'01\'01;}{\levelnumbers\'01;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 \fi0\li2160\lin2160 }
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\levelindent0{\leveltext\'00;}{\levelnumbers;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 \fi0\li4321\lin4321 }{\listlevel\levelnfc255\levelnfcn255\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\'00;}{\levelnumbers;}
\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 \fi-720\li4320\lin4320 }{\listlevel\levelnfc255\levelnfcn255\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\'01\'06;}{\levelnumbers\'01;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 
\fi-720\li5040\lin5040 }{\listlevel\levelnfc255\levelnfcn255\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\'01\'07;}{\levelnumbers\'01;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 \fi-720\li5760\lin5760 }{\listlevel
\levelnfc255\levelnfcn255\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\'01\'08;}{\levelnumbers\'01;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 \fi-720\li6480\lin6480 }{\listname ;}\listid233898456\liststyleid1016157319}
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\levelnfc4\levelnfcn4\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\'02\'01);}{\levelnumbers\'01;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 \fi-360\li720\lin720 }{\listlevel\levelnfc2\levelnfcn2\leveljc0\leveljcn0
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\levelindent0{\leveltext\'03(\'03);}{\levelnumbers\'02;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 \fi-360\li1440\lin1440 }{\listlevel\levelnfc4\levelnfcn4\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext
\'03(\'04);}{\levelnumbers\'02;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 \fi-360\li1800\lin1800 }{\listlevel\levelnfc2\levelnfcn2\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\'03(\'05);}{\levelnumbers\'02;}\rtlch\fcs1 
\af0 \ltrch\fcs0 \fbias0 \fi-360\li2160\lin2160 }{\listlevel\levelnfc0\levelnfcn0\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\'02\'06.;}{\levelnumbers\'01;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 \fi-360\li2520\lin2520 }
{\listlevel\levelnfc4\levelnfcn4\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\'02\'07.;}{\levelnumbers\'01;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 \fi-360\li2880\lin2880 }{\listlevel\levelnfc2\levelnfcn2\leveljc0
\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\'02\'08.;}{\levelnumbers\'01;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 \fi-360\li3240\lin3240 }{\listname ;}\listid255790128{\*\liststylename TOC Section;}}
{\list\listtemplateid-1850459618{\listlevel\levelnfc255\levelnfcn255\leveljc0\leveljcn0\levelfollow2\levelstartat1\levelspace0\levelindent0{\leveltext\'01\'00;}{\levelnumbers\'01;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 \s21\fi0\li1440\lin1440 }{\listlevel
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\levelfollow2\levelstartat1\levelspace0\levelindent0{\leveltext\'01\'02;}{\levelnumbers\'01;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 \s31\fi0\li2880\lin2880 }{\listlevel\levelnfc255\levelnfcn255\leveljc0\leveljcn0\levelfollow2\levelstartat1\levelspace0
\levelindent0{\leveltext\'00;}{\levelnumbers;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 \s50\fi0\li3600\lin3600 }{\listlevel\levelnfc255\levelnfcn255\leveljc0\leveljcn0\levelfollow2\levelstartat1\levelspace0\levelindent0{\leveltext\'00;}{\levelnumbers;}
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\fi-720\li4320\lin4320 }{\listlevel\levelnfc255\levelnfcn255\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\'01\'06;}{\levelnumbers\'01;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 \fi-720\li5040\lin5040 }{\listlevel
\levelnfc255\levelnfcn255\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\'01\'07;}{\levelnumbers\'01;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 \fi-720\li5760\lin5760 }{\listlevel\levelnfc255\levelnfcn255\leveljc0\leveljcn0
\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\'01\'08;}{\levelnumbers\'01;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 \fi-720\li6480\lin6480 }{\listname ;}\listid259022275\liststyleid1016157319}{\list\listtemplateid-1297973102{\listlevel
\levelnfc0\levelnfcn0\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\'04(\'00) ;}{\levelnumbers\'02;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 \s20\fi-879\li879\jclisttab\tx879\lin879 }{\listlevel\levelnfc255\levelnfcn255
\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\'01\'01;}{\levelnumbers\'01;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 \fi-720\li1440\lin1440 }{\listlevel\levelnfc255\levelnfcn255\leveljc0\leveljcn0\levelfollow0\levelstartat1
\levelspace0\levelindent0{\leveltext\'00;}{\levelnumbers;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 \fi-720\li2160\lin2160 }{\listlevel\levelnfc255\levelnfcn255\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext
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\par }\pard\plain \ltrpar\s28\ql \li0\ri0\sl-360\slmult0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16349799 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {
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\af0 \ltrch\fcs0 \insrsid134888\charrsid134888 COOK ISLANDS DEVELOPMENT BANK AMENDMENT ACT 1980}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid134888 
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\af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 ANALYSIS
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1730728 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid15475117\charrsid134888 Title
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1730728 1. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 Short Title and commencement
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\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1730728 6. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 Committees and Delegation
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\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1730728 9. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 Vesting of Property in Bank
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\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1730728 14. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 Miscellaneous}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117 
\par }\pard\plain \ltrpar\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16349799 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid1730728 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16349799\charrsid134888 
\par }\pard\plain \ltrpar\s39\qc \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1730728 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15475117\charrsid16349799 1980, No. 5
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1730728 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16349799 An Act to abolish the H}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15475117\charrsid134888 ousing Corporation and to vest the functions and powers thereof in the Cook Islands Development Bank.
\par }\pard \ltrpar\s39\qr \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1730728 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 (4th July 19}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1730728 80
}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2556026 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 BE IT ENACTED by the Legislative Assembly of the C
ook Islands in Session assembled, and by the authority of the same, as follows:
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\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls12\adjustright\rin0\lin879\itap0\pararsid14319453 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15475117\charrsid134888 Short Title and Commencement}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5390828 
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14319453 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 This Act may be cited as the Cook Islands Development Bank Amendment Act 1980, and shall be read together with and deemed part of the Cook Islands Development Bank Act 1978 (he}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid16349799 reinafter called "the principal}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888  Act") and shall be deemed to have come into force on the 1st day of April 1980.
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\insrsid15475117\charrsid134888 Interpretation}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8151999 
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\af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 Section 2 of the principal Act is hereby amended by (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8151999 1}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 ) deleting the d
efinition of "The Minister" and substituting the following
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\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 "mean}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16349799 s the Minister responsible for }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15475117\charrsid134888 the Cook Islands Development Bank";
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\af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 (2) deleting the definition of "Recipient" and subsituting the following
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\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 "means any person or organisation to whom the Bank makes financial assistance".
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid15475117\charrsid134888 \hich\af0\dbch\af0\loch\f0 3\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls12\adjustright\rin0\lin879\itap0\pararsid8151999 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15475117\charrsid134888 Constitution of Board }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8151999 
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8151999 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 Section 4 of the principal Act is amended by }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8151999 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
deleting in subsection 1 the figure "5" and substituting therefore the figure "7".
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7681640 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 (2) adding after subsection 4 the following subsections }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7681640 
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\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 "(5) The Board may from time to time elect one of their members to be vice-chairman.
\par {\listtext\tab}}\pard \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid8416397 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
(6) The powers of the Board shall not be affected by any vacancy in its membership.
\par {\listtext\tab}(7) No person shall be deemed to be employed in the service of Her Majesty for the purposes of the Public Service Act 1979 by reason of his being a member of the Board".
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\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls12\adjustright\rin0\lin879\itap0\pararsid8416397 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15475117\charrsid134888 Terms of Office of Directors}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8416397 
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8289689 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 Section 5 of the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8416397  }{\rtlch\fcs1 \af0\afs13 \ltrch\fcs0 \lang2057\langfe1033\langnp2057\insrsid15475117\charrsid134888 
principal Act is amended by (1) deleting from subsection (1) the}{\rtlch\fcs1 \af0\afs13 \ltrch\fcs0 \lang2057\langfe1033\langnp2057\insrsid8289689  }{\rtlch\fcs1 \af0\afs13 \ltrch\fcs0 \lang2057\langfe1033\langnp2057\insrsid15475117\charrsid134888 
words "one year" and substituting therefore the words
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid8289689 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 "a period of not less than one year and not}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8289689  }{\rtlch\fcs1 \af0\afs13 \ltrch\fcs0 
\lang2057\langfe1033\langnp2057\insrsid15475117\charrsid8289689 more than three years:
\par {\listtext\tab}}\pard \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid6823309 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
(2) adding after subsections (2}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8289689 )}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888  the following}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8289689  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15475117\charrsid134888 subsection "(3) notwithstanding any other}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8289689  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 provision in this Act every member whose office}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid8289689  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 is terminated by the effluxion of time shall}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8289689  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 contin
ue to hold office until his successor}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8289689  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 is appointed".
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid15475117\charrsid134888 \hich\af0\dbch\af0\loch\f0 5\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls12\adjustright\rin0\lin879\itap0\pararsid8289689 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15475117\charrsid134888 Meetings}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid134888\charrsid134888  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 of the Board }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8289689 
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8289689 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 Section 8 of the principal Act is amended by repealing subsection (6) and substituting the following
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid2569169 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 "(6) In the absence of the Chairman and any person appointed pursuant to Sec
tion 6 of this Act from any meeting, the vice-chairman shall preside, provided that if the vice-chairman is also absent, then the directors present shall appoint one of their number to be chairman."
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid15475117\charrsid134888 \hich\af0\dbch\af0\loch\f0 6\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls12\adjustright\rin0\lin879\itap0\pararsid2569169 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15475117\charrsid134888 Committees and Delegation}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2569169 
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4610458 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 Section 9 of the principal Act is amended by repealing subsection (4) and substituting the following subsections:
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid868310 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 "(4}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4610458 )}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
 The Board may from time to time delegate to any such Committee such of the powers or functions of the Board including the power of delegation conferred by this section as it may think }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16349799 f}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid15475117\charrsid134888 it; provided that in no case shall any power -
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid868310 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid868310 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 to acquire land or buildings; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid868310 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 to sell land or building vested in the Board}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid868310  }{\rtlch\fcs1 \af0\afs13 
\ltrch\fcs0 \lang2057\langfe1033\langnp2057\insrsid15475117\charrsid868310 be delegated to such a committee.
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid1120551 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 (5) The board may from time to time delegate any}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid868310  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15475117\charrsid134888 of its powers to any member, officer or employee of}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid868310  t}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 he }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid868310 B}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 ank including the power of delegation conferred}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid868310  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 by this section.
\par {\listtext\tab}}\pard \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid14889488 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 (6}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid868310 )}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888  Subject to any general or special direction given}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid868310  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15475117\charrsid134888 or conditions imposed by the Board or committee or}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1719493  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 person to whom any powers are delegated as aforesaid}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1719493  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 the committee or person to whom any powers are so}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1719493  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15475117\charrsid134888 delegated may exercise these powers in the same manner}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1719493  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 and with the same effect}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid1719493  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 as if they had been conferred}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1719493  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
directly by this Act and not by delegation.
\par {\listtext\tab}}\pard \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid15078379 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 (7}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1719493 )}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888  Every committee or person purporting to act pursuant}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1719493  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15475117\charrsid134888 to any delegation under this section shall be presumed}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1719493  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
to be acting in accordance with the terms of the delegation in the absence of proof to the contrary.
\par {\listtext\tab}}\pard \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid868310 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
(8) Any delegation under this section may be made to a specified person or to persons of a specified class or may be made to the holder for the time being of a specified office or appointment or to the holders of offices or appointments of a special class
.
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1719493 (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 9) Any delegation under this section may }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1719493 b}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15475117\charrsid134888 e revoked at any time.
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1719493 (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
10) The delegation of any power by the Board or by any committee or person shall not prevent the exercise of that power by the Board or as the case may require, by that committee or person."
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid15475117\charrsid134888 \hich\af0\dbch\af0\loch\f0 7\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls12\adjustright\rin0\lin879\itap0\pararsid11741330 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15475117\charrsid134888 Functions of the Bank}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11741330 
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11741330 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 the Principal Act is further amended by repealing section 17 thereof and sub}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16349799 stituting the following section:}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15475117\charrsid134888 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11741330 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15475117\charrsid11741330 "17. Functions of the Bank}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11741330\charrsid11741330 
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 (1) The general functions of the Bank shall be:
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid11741330 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11741330 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 to provide finance for the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11741330  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 establishment development, extension or assistance of industry and economic development in the Cook Islands
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11741330 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 to encourage and promote investment in the economic development of the Cook Islands
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11741330 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 to provide dwellings and improved housing and improved living conditions in the Cook Islands
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11741330 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 to provide technical assistance or advice and to generally foster economic development
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid6776857 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 (2)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid134888  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 Without limiting }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10748495 the generality of subsection (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 of this section the Bank shall have the following functions}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16349799  -}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid6776857 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10748495 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 to provide fina
ncial assistance on such terms and conditions as the Board thinks fit, to persons engaged or about to be or intending to be engaged in any economic development in the Cook Islands.
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10748495 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 to provide such advisory and technical services either with or without
 remuneration or fee to the Bank as the Board considers desirable or expedient in the interests of the community and in the interests of the community and its economic development
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10748495 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 to assist in obtaining and placing foreign investment for the purposes of economic development
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10748495 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
to administer on such terms and conditions as may be approved by the Board such special funds as may from time to time be placed at the disposal of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10748495 t}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15475117\charrsid134888 he Bank.
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10748495 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 to study and promote investment opportunities for economic}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10748495  }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 d}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2454624 e}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 velopment in the Cook Islands.
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2454624 (f) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
with the prior approval of the Minister to acquire by lease or sublease any land or buildings and to develop the same as a building estate by the erection, construction,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2454624  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15475117\charrsid134888 alteration, maintenance and improvement of dwelling houses or flats, and gardens recreation parks and other works and buildings for or for the convenience of persons occupying such dwelling houses or flats.
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2454624 (g) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 to sell, lease and otherwise dispose of land in the cause of housing and other urban development, improvements and renewal.

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2454624 (h) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 to do all }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6776857 o}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
ther matters and things incidental to or connected with the foregoing.
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid6776857 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 (3)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid134888  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
The Board shall have such other functions as are}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2454624  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 conferred on it by this Act or by any other enactment."
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid15475117\charrsid134888 \hich\af0\dbch\af0\loch\f0 8\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls12\adjustright\rin0\lin879\itap0\pararsid2454624 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15475117\charrsid134888 Powers}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid134888\charrsid134888  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 of}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid134888\charrsid134888  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid15475117\charrsid134888 the Bank }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2454624 
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2454624 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 The principal Act is amended by repealing Section 18 thereof and substituting the following section:
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid5724062 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15475117\charrsid5724062 "18. Powers of the Bank}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5724062\charrsid5724062 
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 The Bank shall have all such powers, rights, and authorities as may reasonably be necessary or expedient to carry out its functions.
\par {\listtext\tab}(2) Without listing the generality of subsection (1) of this Section the Board shall have the following specific powers:
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid5705232 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5724062 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 sell, purchase or subscribe for shares,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5724062 
 }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 debentures, bonds or other securities including securities which the Bank has issued or guaranteed or make loans, with or without security, or acquire any other interest.
\par {\listtext\tab}}\pard \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid5724062 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5724062 (b) }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid15475117\charrsid134888 finance the purchase, sale, or hire of}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5724062  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 machinery, plant, equipment
, materials, goods and articles of every description by means of any arrangement whatsoever, including but without limiting the generality of the foregoing, the purchase and resale and hire thereof on such terms as the Board thinks fit; and discount hire
 purchase or conditional sale agreements or hire agreements and lend money on the security of a mortgage or an assignment of any such agreement.
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5724062 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 execute, make, draw, accept, endorse, discount, issue and negotiate cheques, promissory notes bills or exc
hange, bills of lading, bankers and other drafts, warrants, bonds, debentures, coupons and other negotiable or transferable instruments, and buy, sell, or otherwise deal in the same, and accept deposits of money.
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5724062 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 underwrite or subunderwrite issues of 
securities, give and receive guarantees, or participate with others in any such activities.
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11684800 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
participate, in the discretion of the Board, in the management of enterprises to whose finance it has contributed whether by loan or otherwise.
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11684800 (f) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 organise, participate in, or act as agent for consortium arrangements for the assistance of economic development.
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11684800 (g) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 act as agent for the Government of international financial institutions in the financing of economic development.
\par {\listtext\tab}(}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11684800 h}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 ) borrow funds and place funds not immediately required on deposit with any bank.
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1924939 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 take such steps as may }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1924939 b}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15475117\charrsid134888 e necessary to protect or recover its financial interest in any business.
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1924939 (j) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 to accept gifts of leases or subleases of any land, money or other property.
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1924939 (k) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 to subdivide or develop any land acquired by or vested in it.
\par {\listtext\tab}}\pard \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid4615169 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 (}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1924939 l}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 ) subject to the provisions of any enactment applicable to the Board, to fix, regulate or}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1924939  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid15475117\charrsid134888 make such charges as may be determined from time to time for the use of any dwelling house, flat, building or other facility provided,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1924939  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid15475117\charrsid134888 maintained, controlled or operated by the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid134888  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 Board.
\par {\listtext\tab}}\pard \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid5724062 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1924939 (m) }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid15475117\charrsid134888 to make advances from time to time in accordance with provisions of this Act.
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1924939 (n) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 to negotiate and enter into arrangements with and between landowners and household
ers, and assist by advice and otherwise the development of private housing conditions.
\par {\listtext\tab}}\pard \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid723284 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1924939 (o) }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid15475117\charrsid134888 to contract for the execution or provision by any person of any work or services authorised by this or any other enactment to be executed or provided by the Board in such manner and}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid1652890  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 subject to such terms and conditions as the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1652890  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
Board thinks fit.
\par {\listtext\tab}}\pard \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid5724062 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 (}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1652890 p)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
 borrow money required by it for the purpose of meeting any of its obligations of discharging any of its functions under this Act provided that the aggregate of the liabili
ties of the Bank outstanding at any one time, including bonds and debentures if any, issued by the Bank shall not exceed three times the amount of its paid-up shares capital and reserves.
\par {\listtext\tab}(q) make such charges for the provision of its services as the Bank thinks fit."
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid15475117\charrsid134888 \hich\af0\dbch\af0\loch\f0 9\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls12\adjustright\rin0\lin879\itap0\pararsid1652890 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15475117\charrsid134888 Vesting of property in Bank }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1652890 
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1652890 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 The principal Act is amended by inserting after Section 18 the following section:
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid1652890 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15475117\charrsid1652890 "18A. Vesting of property in Bank}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid1652890\charrsid1652890 
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 (1) Her Majesty the Queen may grant, transfer, assign or lease}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1652890  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
to the Bank or in the name of the Bank any land or interest in land (other }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13643395\charrsid134888 than}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
 the fee simple in any land and land comprised in a public reserve) and any personal property, rights or privileges, vested in or held on behalf of the Crown and used or administered or to be used or adminis
tered for the purposes of or in connection with any housing or industrial projects or town planning schemes subject to any leases, rights, easements and interests subsisting in respect of the land or property at the date of the grant, transfer or assignme
nt.
\par {\listtext\tab}(2}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13643395 )}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
 Any lease by the Crown pursuant to subsection (1) of this section may be for such term and provide for such rent and other conditions as the Bank with the prior written approval of the Minister shall accept or approve."
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid15475117\charrsid134888 \hich\af0\dbch\af0\loch\f0 10\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls12\adjustright\rin0\lin879\itap0\pararsid13643395 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15475117\charrsid134888 Funds}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13643395 
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13643395 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 Section 19 of the principal Act is amended by adding the following proviso to subsection (3):
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid13643395 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
"Provided (a) that where in any Appropriation Act or in any estimate of expenditure and revenue accompanying the Appropriation Act for any year any vote or item to which the section applies is noted as being for a specified purpose, it }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid14492724 shall not be competent for the B}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 ank to use moneys so appropriated for any purpose other than that specified in the said Act or estimate, and
\par {\listtext\tab}(b) that where any appropriation is made for the purposes of the Board, the Minister may direct the manner in which the moneys appropriated shall be paid to the Board and may require that any s}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid14492724 uch appropriation be used first}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888  in payment of any debt }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13643395\charrsid134888 due}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15475117\charrsid134888  to the Public Account or to any account within the Public Account".
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid15475117\charrsid134888 \hich\af0\dbch\af0\loch\f0 11\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls12\adjustright\rin0\lin879\itap0\pararsid14497171 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15475117\charrsid134888 Financing of projects }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13643395 
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14497171 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 Section 21 of the principal Act is amended by (1) inserting before the words "The Bank" the number "(1)" and
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14492724 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 (2) adding the following subsection:
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid15685411 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 "(2) For the purposes of this section the term "project" has not application to housing".
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid15475117\charrsid134888 \hich\af0\dbch\af0\loch\f0 12\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls12\adjustright\rin0\lin879\itap0\pararsid15685411 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15475117\charrsid134888 Accounts and Audit}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15685411 
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15685411 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 The principal Act is further amended by repealing Section 26 and substituting the following:
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid15685411 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15475117\charrsid15685411 "26. Accounts and Audit}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15685411\charrsid15685411 
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14492724 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15685411 The}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
 Board shall cause true and full accounts and records to be kept of all the transactions with which the Bank is concerned, and the books of account and records shall be kept at the principal place of business of the Bank.
\par {\listtext\tab}(2) The accounts shall be subject to annual audit.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid15475117\charrsid134888 \hich\af0\dbch\af0\loch\f0 13\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls12\adjustright\rin0\lin879\itap0\pararsid155982 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15475117\charrsid134888 Securities}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid155982 
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid155982 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 The principal Act is further amended by repealing Part V thereof and substituting the following new Part:
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid14492724 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 "}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15475117\charrsid14492724 PART V - SECURITIES}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15475117\charrsid134888 
\par {\listtext\tab}}\pard \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid155982 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15475117\charrsid155982 
28. Security for advances}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid155982\charrsid155982 
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 (1) Advances made by the Bank shall be secured in such manner and on such terms as the Bank thinks fit.
\par {\listtext\tab}(2) For the purposes of determining whether an application for an advance should }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12151953 be granted, the Bank shall not b}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
e bound to insist upon any fixed or definite margin of security.
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15475117\charrsid155982 29. Securities to be taken in name of Bank}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid155982\charrsid155982 
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 Every security for an advance shall be taken in the name of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3544003 t}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
he Bank.
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15475117\charrsid3544003 30. Assignment of money }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid12151953 as security may be irrevocable}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15475117\charrsid3544003 

\par {\listtext\tab}}\pard \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid4522681 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1009585 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15475117\charrsid134888 The Bank may require any order on or assignment of money given as security for the repayment of any}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3544003  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
advance to be expressed to be irrevocable, notwithstanding}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3544003  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
the death of the person giving the order or assignment, and the order or assignment shall be irrevocable accordingly except with the consent in writing of the Bank.
\par {\listtext\tab}}\pard \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid155982 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3544003 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15475117\charrsid134888 Notwithstanding anything in any enactment to the co
ntrary, any company corporate body, or person upon whom any notice of any such order or assignment has been served shall be bound to accept and to act upon the order or assignment and to pay to the person nominated in that behalf in the order or assignmen
t all money from time to time payable thereunder.
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15475117\charrsid3544003 31. Alienation and assig}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid3544003 nment as security for advances}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15475117\charrsid3544003 

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3544003 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
Notwithstanding anything in Section 470 or Section 471 or Section 473 of the Cook Islands Act 1915, it shall be competent for any Native or descen
dant of a Native to alienate any Native freehold land or things growing on or attached to any such land or the rents and profits from any such land as security for any advance made by the Bank for any housing or other purpose.
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3544003 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 Notwithstanding anything
 in the Property Law Act 1952 of the New Zealand Parliament, no power of sale shall be contained or implied in any charge given on any interest in land (not being a leasehold interest) to secure the repayment of any advance made by the Bank for any housin
g or other purpose.
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15475117\charrsid13909153 32. Assignments of mon}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid1009585 ey from land vested in trustees}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15475117\charrsid13909153 

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13909153 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
For the purpose of securing the repayment of any advance made by the Bank for any housing or other purpose, it shall be competent for any Native or descendant of a Native to g
ive an order on or an assignment of the proceeds of the alienation of any land (including compensation money for land taken) whether the land is vested in a trustee or not.
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13909153 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 Any }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1009585 such order or assignment shall b}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15475117\charrsid134888 e valid and enforceable for all purposes, notwithstanding the provisions of Section 464 of the Cook Islands Act 1915 or of any other enactment.
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15475117\charrsid13909153 33. Advances to be paid as}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid134888\charrsid13909153  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15475117\charrsid13909153 Bank directs}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid13909153\charrsid13909153 
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 Every advance shall be expended or}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1009585  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
applied by the Bank, or at its direction, for any one or more purposes for the benefit or on behalf of the applicant, and, }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13909153\charrsid134888 unless}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
 the Bank otherwise determines, shall not be paid direct to the applicant.
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15475117\charrsid13909153 34. Charging}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid13909153  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15475117\charrsid13909153 order may be made}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \b\insrsid13909153\charrsid13909153 
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 (1) Notwithstanding anything}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12801183  i}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
n Section 470 of the Cook Islands Act 1915, where a charge on any interest in land has been given as security for the repayment of any advance, the land Court, on proof to its satisfaction that the advance has been made, may make an order charging the lan
d
 or any interest therein or any part thereof or any undivided or partial interest therein with repayment of the amount advanced with interest, and by such instalments and with such directions for giving effect to the charge as the Court thinks expedient. 
}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12801183 
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 (2) The certificate of the Bank shall for all}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12801183  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
purposes be prima facie proof of the amount of the advance and of the rate of interest payable, and may }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12801183 b}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 e accepted by the Court accordingly.

\par {\listtext\tab}}\pard \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12801183 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12801183 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15475117\charrsid134888 The Court may make a further order varying any former order in respect of any additional advance or by way of apportioning charges in such manner as it thinks expedient or for any other purpose it thinks fit}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid134888\charrsid134888 ,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888  and every subsequent order shall supersede all 
prior charging orders so far as it is inconsistent therewith. Where any charge is apportioned, each portion shall be deemed to be a separate charge.
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1575963 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 Every order made under the provisions of this section}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1575963  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid15475117\charrsid134888 shall be registered or recorded, as the case may require, in such manner as the Court directs.
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15475117\charrsid1575963 35. Discharging of charging orders }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid1575963\charrsid1575963 
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10564682 The L}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
and Court may at any time, on the application of the Bank wholly or partially discharge any charging order made under section 34 of this Act, whether or not the money secured by the charge has been repaid.
\par {\listtext\tab}}\pard \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid1575963 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15475117\charrsid1575963 
36. Appointment of receiver to enforce cha}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid1575963 rges}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15475117\charrsid1575963 
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10826560 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
When by Section 47 of this Act any charging order has been made in respect of any land or any interest therein, or upon the revenues thereof or the proceeds of the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11236568  alienation thereof, the L}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 and Court may at any time and from time to time, for the purpose of enforcing that charge, appoint a receiver in respect of the property so charged.
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10826560 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 A receiver appointed under this section shall have all such rights, powers, 
duties and liabilities as may be expressly conferred or impos}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4613855 ed on}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888  him by the Court and such }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11236568 
other incidental powers as may b}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 e }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16206841\charrsid134888 reasonably}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
 necessary for the exercise of the powers so conferred: provided that a receiver appointed under this section shall not}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11236568  have power to sell any Native}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15475117\charrsid134888  land, or to lease any such land otherwise than as provided in subsection (3) of this section.
\par {\listtext\tab}(3) Notwithstanding any of the provisions of the Cook Islands Act 1915 as to the alienation of Native land, a receiver appointed 
under this section for the purpose of enforcing a charge may, in his own name and with the leave of the Court, grant leases of any land so charged for any term not exceeding twenty }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11236568 o}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid15475117\charrsid134888 ne years, on such conditions and for such rent or other consideration as he thinks fit."
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid15475117\charrsid134888 \hich\af0\dbch\af0\loch\f0 14\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls12\adjustright\rin0\lin879\itap0\pararsid15336261 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15475117\charrsid134888 Miscellaneous}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15336261 
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15336261 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 The principal Act is further amended by inserting after PART V (as inserted by Section 13 of this Act, the following:
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11236568 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 "}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15475117\charrsid11236568 PART VI - MISCELLANEOUS}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15475117\charrsid134888 
\par {\listtext\tab}}\pard \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid15336261 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15475117\charrsid15336261 41. Taxation}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15336261\charrsid15336261 
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 The income and revenue of the Bank }{\rtlch\fcs1 \af0\afs15 \ltrch\fcs0 \insrsid15475117\charrsid134888 shall }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
not be subject to taxation under any law.
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15475117\charrsid3083414 42. Contracts of Bank}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid3083414\charrsid3083414 
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 (1) Any contract which, if made between private persons must be by deed shall, if made by the Bank, be in writing under the common seal of the Bank.
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9926720 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
Any contract which, if made between private persons, must be in writing signed by the parties to be charged therewith shall, if made by the Bank be under the common seal of the Bank.
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9926720 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 Any contract which, if made between private persons, may be made ora
lly may be similarly made by or on behalf of the Bank by any person acting under its authority, express or implied.
\par {\listtext\tab}}\pard \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid4196541 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15475117\charrsid4196541 
43. Execution of documents}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid4196541\charrsid4196541 
\par {\listtext\tab}}\pard \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid15336261 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
(1) Every document to which the common seal of the Bank is affixed shall be signed by the Chairman of the Board or in his absence the vice-chairman and shall be counter-signed by either the Secretary to the Board or the General Manager of the Bank.
\par {\listtext\tab}(2) Any document which, if executed by a private person, would not require to be executed as a deed may be signed on behalf of the Bank by the chairman or by any member of the Bank authorised in that behalf by the Chairman.
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15475117\charrsid4196541 44. Matters referred for investigation}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid4196541\charrsid4196541 
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 The Bank may from time to time appoint one or more of its members or any other qualified person to investiga
te and report to the Bank on such matters as are referred to him or them by the Bank for the purposes of the proper exercise of its powers or functions under this Act.
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15475117\charrsid4196541 45. Evidence of documents}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid4196541\charrsid4196541 
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 Every document purporting to be a document executed by or on
 behalf of the Bank in a manner provided in section 43 of this Act shall be received in evidence and be deemed to be so executed in the absence of proof to the contrary.
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15475117\charrsid4196541 46. Penalty for misapplication of}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid134888\charrsid4196541  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15475117\charrsid4196541 loan}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid4196541\charrsid4196541 
\par {\listtext\tab}}\pard \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid14418043 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 Any person know
ingly applies any loan or part }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14497656 t}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
hereof made to him under the provisions of this Act to any purpose other than that authorised by the Bank shall be guilty of an offence against this Act on conviction shall be liable to a fine not exceeding $500 or to impris
onment for a term not exceeding six months, or to both such fine and imprisonment.
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid9463318 47. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15475117\charrsid14418043 False statements}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid14418043\charrsid14418043 
\par {\listtext\tab}}\pard \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid9463318 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
Any applicant for assistance from the Bank by way of loan or otherwise who wilfully fails to disclose any material information within his knowledge, o
r who wilfully makes any statement which he knows to be false or does not believe to be true shall be guilty of an offence and on conviction shall be liable to a fine not exceeding $200 or to imprisonment for a term not exceeding six months, or to both su
ch fine and imprisonment.
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid9463318\charrsid9463318 48.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid14497656  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15475117\charrsid9463318 Disclosure of information}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \b\insrsid9463318\charrsid9463318 
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
Any Board member or employee of the Bank who directly or indirectly discloses or for private purposes uses any information acquired by him either in the course of his duties or in his capacity as an e
mployee of the Bank (except with the approval of the Minister) shall be guilty of an offence against this Act and on conviction shall be liable to a fine not exceeding $500 or to imprisonment for a term not exceeding six months or to both such fine and im
prisonment.
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid9463318 49. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15475117\charrsid9463318 Breach of Act or Regulations}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid9463318\charrsid9463318 
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
Every person who commits or attempts to commit or is concerned in committing or attempting to commit a breach or violation of the provisions of this Act or of any regulations made under this}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9463318  }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 Act for which no special penalty is provided is liable for every offence to a fine not exceeding $200.
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid12007533 50. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15475117\charrsid12007533 Rules}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid12007533\charrsid12007533 
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 The Board may make such rules, consistent with the provisions of this Act, as it considers necessary or appropriate to further the objects and functions of the Bank.
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid12007533\charrsid12007533 51. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15475117\charrsid12007533 Regulations}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid12007533\charrsid12007533 
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 The High Commissioner may from time to time by Order }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12007533 i}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
n Executive Council, after consideration of any recommendations thereon made to him by the Bank, make all such regulations as may, in his opinion, be deemed necessary or expedien
t for giving full effect to the provisions of this Act and for the due administration thereof.
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid12007533 52. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15475117\charrsid12007533 Bank to succeed the Co}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11808106 ok Islands Housing Corporation}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid15475117\charrsid12007533 
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11808106 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 The }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12007533 B}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
ank shall }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9852065 b}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 e the successor to the Housing Corporation of the Cook Islands established under the Housing Corporation of the Cook Islands Act 1978.

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9852065 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 On the commencement of this Act \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid9852065 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 (a) Every director of the Housing Corporation of the Cook Islands shall retire from office; and
\par {\listtext\tab}}\pard \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid11808106 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9852065 (b}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid15475117\charrsid134888 )}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid134888  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 All real and personal property that immediately}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9852065  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 before the commencement of this Act was vested in the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9852065 H}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
ousing Corporation of the Cook Islands shall, without conveyance, transfer, or assignment, vest in the Cook Islands Development }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9852065 B}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
ank, subject to all liabilities, charges, obligations and trusts affecting the property; and
\par {\listtext\tab}}\pard \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid1857955 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 (c)}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid134888  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 All contracts, debts, and liabilities of the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9852065  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\lang2057\langfe1033\langnp2057\insrsid15475117\charrsid11808106 Housing Corporation of the Cook Islands immediately befo}{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang2057\langfe1033\langnp2057\insrsid11808106\charrsid11808106 re the commencement of this Act, }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 (including every guarantee and indemnity continuing to have effect) shall become the contracts}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16734322 ,}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15475117\charrsid134888  debts and liabilities of the Cook Islands}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16734322  }{\rtlch\fcs1 \af0\afs13 \ltrch\fcs0 \lang2057\langfe1033\langnp2057\insrsid11808106 Development B}{\rtlch\fcs1 \af0\afs13 
\ltrch\fcs0 \lang2057\langfe1033\langnp2057\insrsid15475117\charrsid11808106 ank.
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid16734322 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16734322 3}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 )}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid134888  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 The Registrar of the Land Court shall, on written}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16734322  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
application by the Cook Islands Development Bank substitute upon any documents of estate or interest or upon any register for the name of the Housing Corporation of the Cook Islands the name of the Cook Islands Development Bank.
\par {\listtext\tab}}\pard \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls15\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid9840751 {\rtlch\fcs1 \ab\af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 (4) }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 In the financial year ending with the 31st day of March 1981 the Cook Islands Development Bank and the Housing Corporation of the Cook Islands shall be deemed to
 be the same body corporate for the purposes of Section 29 of this }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9840751\charrsid134888 Act}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
 so that one set of accounts and one annual report may be prepared, delivered to the Minister and laid before the Legislative Assembly for that financial year.
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid9840751\charrsid9840751 5}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid794442 3}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid9840751\charrsid9840751 . }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid15475117\charrsid9840751 Validation}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid9840751\charrsid9840751 
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 Every act performed and everything done before the commencement of this Act which would have been valid i}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9840751 f}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid15475117\charrsid134888  this Act }{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 had been }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 in force }{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 
\insrsid15475117\charrsid134888 when }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 the }{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 act }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 
or thing was done or performed is hereby validated }{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 and }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 declared to be and always validly done.
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid9840751 5}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid794442 4}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid9840751 . }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15475117\charrsid9840751 Repeal and}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid134888\charrsid9840751  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15475117\charrsid9840751 Savings}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid9840751\charrsid9840751 
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 (1) The Housing Corporation Act 1978 is repealed.
\par {\listtext\tab}(2) Without limiting the provisions of the Acts Interpretation Act 1924, it is hereby declared that the repeal of the Housing Corporation of the Cook Islands Act 1978 shall not effect any document made o
r anything whatsoever done under the provisions of that Act, and every such document or thing so far as it is subsisting or in force at the time of the repeal of that Act and could have been made or done under this Act shall continue and have effect as if
 it shall have been made or done under the corresponding provisions of this Act and as if that provision were in force when the document was made or the thing done."
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13196370 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid794442 
\par 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 This Act is administered b}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid794442 y the Cook Islands Development B}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 ank.
\par }{\rtlch\fcs1 \af0\afs11 \ltrch\fcs0 \insrsid13196370 R}{\rtlch\fcs1 \af0\afs11 \ltrch\fcs0 \insrsid15475117\charrsid134888 AROTONGA, COOK ISLANDS: }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 Printed under the authority of the Co}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid794442 o}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 k I}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13196370 s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 lands }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid13196370\charrsid134888 Government}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 , }{\rtlch\fcs1 \af0\afs11 \ltrch\fcs0 \insrsid15475117\charrsid134888 by }{\rtlch\fcs1 \af0\afs11 \ltrch\fcs0 \insrsid13196370 T.}{
\rtlch\fcs1 \af0\afs11 \ltrch\fcs0 \insrsid15475117\charrsid134888  KA}{\rtlch\fcs1 \af0\afs11 \ltrch\fcs0 \insrsid13196370 P}{\rtlch\fcs1 \af0\afs11 \ltrch\fcs0 \insrsid15475117\charrsid134888 I, }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15475117\charrsid134888 Gov}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13196370 e}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15475117\charrsid134888 rnment printer }{\rtlch\fcs1 \af0\afs11 \ltrch\fcs0 \insrsid15475117\charrsid134888 - }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid15475117\charrsid134888 1980.
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