A Collection of the Acts Passed by the Governor General of India in Council in the Year 1915

3. Immediately from and after the passing of vrtitt%and ion o this Act the said securities being debentures of the iagore of Municipal Corporation of the City of Bombay of the settled pro* nominal valiie of Rupees Fourteen Lacs bearing Per interest at the rate of four per cent per annum and bonds of the Trustees for the Improvement of the City of Bombay of the nominal value of Rupees Sixteen Lacs [...] be residing at the time of such payment; and upon failure and in default of heirs male of the body of the said Sir Sassoon Jacob David to whom the same title and dignity of Baronet may descend the Corporation shall stand possessed of one-eighth part of the Trust Funds in trust to pay the income thereof to the widow of the last Baronet during her life or until her remarriage as the case may be a [...] (2) In particular and without prejudice to the generality of the foregoing power such rules may subject to the provisions of this Act provide— (a) for the powers to be exercised and the duties to be performed by the Board in carrying out the purposes for which it is constitted and for the powers and duties of the Executive Committee and of the. [...] Chaiman ; (b) for the period within which elections to th► Board must be made ; for the election of members of the Executive Committee ; and for the appointment of temporary or acting members of the Board and of the Executive Committee during the absence of any member ; (c) for the times and places of meetings and pro-. [...] (d) for regulating the rate of the cess the method of levying and collecting the cess the purposes to which the cess may be applied and the accounts to be kept and the audit thereof ; and (e) for the powers and duties of Supervisors appointed under section 116-C.