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Board to sue and be sued in the name of their secretary.
On death or removal of secretary proceedings to be carried on by or against his successor.
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8. All actions, suits, and proceedings whatsoever at law or in equity touching or concerning any loan, contract, or agreement, or other matter or thing, to be made, done, or entered into by or with the said loan fund board, or which the said loan fund board is by this Act authorized to institute, or by or with the secretary thereof, in his capacity as such secretary, shall and may be instituted, carried on, and defended in the name of the secretary of the said board for the time being, for or on behalf of the said board; and all such actions, suits, and proceedings in any court of law or equity, in the name of such secretary, shall be as good and effectual to all intents and purposes as if such actions, suits, and proceedings had been commenced, prosecuted, carried on, or defended in the name of the said board, or any member or all the members of the same; and in case such secretary shall happen to die, or be removed from his office, whilst any such action, suit, or proceeding shall be depending, then and in such case such action, suit, or proceeding shall not abate by the death or removal of such secretary, but shall be carried on or defended in the name of the succeeding secretary, and shall stand to all intents and purposes in the same state and condition as it was immediately before the death or removal of such former secretary; and it shall and may be lawful for the secretary of the said board for the time being to sue and recover, for the use of the said board, upon any bond or other security executed or passed to contract made with the secretary of the board for the time being, notwithstanding any change or changes which may have taken place in the person by whom the said office of secretary may be filled.
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