This Enactment may be cited as the Selangor  King George, V Silver  Jubilee  Enactment  1937.

In   this  Enactment

“the Fund” means  the  Selangor  King  George V Silver Jubilee Fund and includes all  subscriptions and donations interest and dividends hereafter received by the Corporation mentioned in section 3 for the purposes  of  this  Enactment  and also all moneys paid the Honorary Treasurer of the King George V Silver Jubilee  Memorial  Fund   pursuant  to·,the  order of the Supreme Court of the Federated  Malay  States  made on the 12th  day  of June 1936  in  Selangor Originating Summons No. 194 of 1935.

The Trustees of the fund shall be the Resident who shall be ex officio a Trustee and four persons from time to time to be appointed by him and such Trustees shall be a Corporation in oder to carry out the objects of the Fund and shall have the name of “the Trustees of the Selangor King George V Silver Jubliee Fund” and by that name shall have perpetual succession and a common seal and the said Corporation is hereby empowered for the purpose of the said Fund to sue and be sued to make contracts and to acquire purchase take hold and enjoy movable and immovable property of every description and sell transfer assign surrender charge lease or otherwise dispose of any movable or immovable property vested in the Corporation upon such terms as to teh Corporation may seem fit and to collect and receive further subscriptions and donations interest and dividends for the benefits of the Fund.

The Resident shall be ex officio Chairman if the Corporation and shall have the custody of the seal if the Corporation.

The general objects of the Fund are the  relief  of  destitu­tion and distress in the State of Selangor by the provision and maintenance of a home for the poor and aged Chinese in the state of Selangor and the relief of necessitous persons in the State.

All deeds documents or other instruments which are by law required to be sealed shall be sealed with the seal of the Corporation in the  presence of the Chairman of the Corporation or some Trustee appointed in writing by the  Chairman and one other Trustee and shall also be signed by  each of them and such signing shall betaken as sufficient  evidence of the due sealing of such deeds documents or other instruments.

i) The Trustees shall appoint, such number of Secretaries Treasurers Auditors and other officers as they may think  desir­able for the management of the Fund and may for that purpose appoint Committees and Sub-committees and  may  at their absolute discretion at any time remove from  his appointment any officer or member of the Committee or Sub committee so appointed.

(ii) The Trustees may make rules for the duties and the pro­cedure of  the  Committees  and  Sub-committees  and  regulating the meetings of the Trustees.

All property movable and immovable held by or under the  control of the persons acting as Trustees in accordance with the agreement mentioned in the preamble immediately before the passing of this Enactment for the of the Fund shall be and the same are hereby vested in the Corporation upon trust for the purposes of the Fund.

(i) Not more than one-half of the Fund shall used  for providing a home for the poor and aged Chinese of the State of Selangor and balance shall be utilised  whether as capital or revenue for such charitable purposes in the said State as the Trustees may from time to time think desirable.

(ii)  The Trustees  may expend out of moneys belonging to the Fund such amount for salaries rent or other expenses as it is  in the opinion of the Trustees essential so to expend for the proper administration of the Fund.

All moneys received from subcribers and all other moneys belongina to or collected or received by the Corporation shall be deposited in the name of the Corporation in such bank as the Trustees may from time to time appoint.

(i) all cheques drawn upon the bank account of the Corporation shall be signed by one Trustees and shall be counter-signed by the Treasurers.

(ii) The bank may pay all cheques drwan against the said account which are so signed and countersigned.

Moneys belonging to the Fund may be invested by the Corporation in any security in which trustees are  authorised by law to invest trust funds. All investments shall bemade in the name of the Corporation.

The Treasurers shall keep the accounts of the Fund which shall be audited at regular intervals by the Auditor or Auditors appointed under section 7.

(i) The Treasurers shall at such time as the Trustees shall in each year direct submit to the Trustees a statement of accounts which statement shall have been audited as prescribed in section 13 and shall as soon as practicable after it has been submitted to the Trustees be published in the Gazette.

(ii) The Treasurers shall also furnish to the Trustees  all such information, as the Trustees may from time to time require.

Meetings of the Trustees shall be held at any place and time that the Resident may think fit. Two Trustees shall form a quorom, in the event of an equality of votes the Chairman at the Meeting shall have a second or casting vote.