|
Power of Board of Trade to suspend the functions of trustees.
|
6. If the said president and governors, or any of the boards of trustees at outports, fail to be duly chosen or constituted, or resign, or neglect or refuse to discharge their duties in respect of the fund, or to obey any of the provisions of this Act, or any regulations or orders lawfully issued in pursuance thereof, the Board of Trade may, by letter to be signed by one of the secretaries or assistant secretaries to such board, declare the functions of the said president and governors or of any such board of trustees (as the case may be) in respect of the fund to be suspended; and the said corporation or board of trustees shall thereupon cease, so long as such suspension continues, to have any rights or powers in respect thereof, and shall deliver all property and matters relating to the said fund to the Boar of Trade, or as it directs; but no such suspension shall relieve the said president and governors, or any such board of trustees, from the obligation of making any payments, transfers, deliveries, returns, accounts, or explanations, which the Board of Trade is hereby authorized to require.
|