SBIC Governance > By Laws > Powers of Council Members
ARTICLES OF ASSOCIATION OF THE SOCIETY OF BIOLOGICAL INORGANIC CHEMISTRY

 

6 Powers of Council Members
6.1 Subject to the provisions of the Act, the Memorandum and the Articles and to any directions given by special resolution, the business of the Society shall be managed by the Council Members, who may exercise all the powers of the Society. No alteration of the Memorandum or the Articles and no such direction shall invalidate any prior act of the Council members that would have been valid if that alteration had not been made or that direction had not been given. The powers given by this Article shall not be limited by any special power given to the Council Members by the Articles and a meeting of the Council at which a quorum is present may exercise all the powers exercisable by the Council Members.
6.2 In addition to all powers hereby expressly conferred on them, and without detracting from the generality of their powers under the Articles, the Council Members shall have the following powers, namely:

(a) to expend the funds of the Society in such manner as they shall consider most beneficial for the achievement of the objects and to invest in the name of the Society such part of the funds as they may see fit and to direct the sale or transposition of any such investments and to expend the proceeds of any such sale in furtherance of the objects of the Society;

(b) to enter into contracts on behalf of the Society.

 


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