Industrial Development Act, 1969

SECOND SCHEDULE

The Industrial Development Authority

Section 22 .

1. The Authority shall be a body corporate with perpetual succession and a common seal and power to sue and be sued in its corporate name and to acquire, hold and dispose of land.

2. (i) The Authority shall consist of not more than nine members, of whom one shall be Chairman and of whom two others may be Deputy Chairmen.

(ii) The members of the Authority shall be appointed by the Minister with the consent of the Minister for Finance.

(iii) One member of the Authority shall be designated as Chairman by the Minister and two other members of the Authority may be designated by the Minister as Deputy Chairmen.

3. (1) The Authority may act by any three of its number.

(2) The Authority may regulate its own procedure.

4. A member of the Authority shall not be a member of a local authority.

5. The Authority may perform any of its functions through or by any member or any of its officers or servants duly authorised by the Authority in that behalf.

6. (1) The common seal of the Authority shall, when applied to a document, be attested by the signature of two members or by the signature of a member and an officer or servant of the Authority authorised by it to act in that behalf.

(2) All courts of justice shall take judicial notice of the common seal of the Authority and every document purporting to be an instrument made by the Authority and to be sealed with the common seal and to be attested in accordance with this paragraph shall, unless the contrary is shown, be received in evidence and be deemed to be that instrument without further proof.

7. Any contract or instrument which, if entered into or executed by an individual, would not require to be under seal may be entered into or executed on behalf of the Authority by any person generally or specially authorised by the Authority for that purpose.

8.(a) The Authority shall submit in such form as the Minister may direct an annual report of its activities as soon as may be after the end of the financial year to which it refers and the Minister shall cause copies of the report to be laid before each House of the Oireachtas.

(b) The Authority shall keep in such form as may be approved of by the Minister, with the consent of the Minister for Finance, all proper and usual accounts of moneys received and expended by it and, in particular, shall keep in such form as aforesaid all such special accounts as the Minister may from time to time direct.

(c) The accounts of the Authority shall be submitted annually by the Authority to the Comptroller and Auditor General for audit at such times as the Minister, with the consent of the Minister for Finance, shall direct and, when so audited, shall together with the report of the Comptroller and Auditor General thereon, be presented to the Minister who shall cause copies thereof to be laid before each House of the Oireachtas.

9. The Authority shall supply to the Minister such information regarding its activities as he may from time to time require.