CHAPTER 132
KARIAKOO MARKET CORPORATION ACT

[PRINCIPAL LEGISLATION]

ARRANGEMENT OF SECTIONS

   Section

Title

PART I
PRELIMINARY PROVISIONS

   1.   Short title.

   2.   Interpretation.

PART II
THE KARIAKOO MARKET CORPORATION

   3.   Establishment of Corporation.

   4.   Functions of Corporation.

   5.   Management of Corporation.

   6.   Officers and employees.

   7.   Powers of Minister in relation to Board.

   8.   Authorised capital.

   9.   Payment of subscription.

PART III
CONTROL AND MANAGEMENT OF MARKET

   10.   Construction.

   11.   Kariakoo Market.

   12.   President may vest control and management.

   13.   Provisions relating to land.

   14.   Control and management of specified market.

   15.   By-laws.

   16.   Compounding of offences.

PART IV
FINANCIAL PROVISIONS

   17.   Funds of Corporation.

   18.   Power to borrow.

   19.   Annual and supplementary budget.

   20.   Investment.

   21.   Accounts and audit.

   22.   General Manager's report.

   23.   Annual statement of accounts and report to be laid before National Assembly.

   24.   Fees and allowances.

   25.   Proceedings of Board not to be invalid by reason of irregularity.

   26.   Protection of members of Board and officers of Corporation.

PART V
MISCELLANEOUS PROVISIONS

   27.   [Disapplication of R.L. Cap. 106.]

   28.   Disapplication of R.L. Caps. 105, 108 and 333.

SCHEDULE

CHAPTER 132
THE KARIAKOO MARKET CORPORATION ACT

An Act to establish the Kariakoo Market Corporation and to provide for the functions, powers, management and control of the Corporation.

[5th November, 1974]
[s. 1]

Acts Nos.
36 of 1974
16 of 1985
G.N. No. 30 of 1978

PART I
PRELIMINARY PROVISIONS (ss 1-2)

1.   Short title

   This Act may be cited as the Kariakoo Market Corporation Act.

2.   Interpretation

   In this Act, unless the context otherwise requires–

   "Board" means the Board of Directors established under section 5;

   "Corporation" means the Kariakoo Market Corporation established by section 3;

   "Minister" means the Minister for the time being responsible for regional administration.

PART II
THE KARIAKOO MARKET CORPORATION (ss 3-9)

3.   Establishment of Corporation

   There is established a corporation to be known as the Kariakoo Market Corporation which shall–

   (a)   have perpetual succession and a common seal;

   (b)   in its corporate name be capable of suing and being sued;

   (c)   be capable of purchasing and otherwise acquiring, any movable or immovable property.

4.   Functions of Corporation

   (1) It shall be the function of the Corporation–

   (a)   to control and manage markets;

   (b)   subject to the provisions of this Act, to establish markets;

   (c)   subject to the provisions of this Act, to levy stallage, rents, fees and tolls in respect of the use by any person of any market the control and management of which is vested in the Corporation;

   (d)   to sell, buy or otherwise deal in goods at any market;

   (e)   do anything or enter into any transaction which, in the opinion of the Board, is calculated to facilitate the proper and efficient carrying out of its activities and the proper exercise of its functions under this Act;

   (f)   do all such acts and things as may be necessary to uphold and support the credit of the Corporation and to obtain and justify public confidence, and to avert or minimise any loss to the Corporation.

   (2) In exercising its functions of control and management of any market, the Corporation shall have regard to–

   (a)   the political, economic and social aspirations of the people of the United Republic;

   (b)   the health and general welfare of the members of the public.

5.   Management of Corporation

This section of the article is only available for our subscribers. Please click here to subscribe to a subscription plan to view this part of the article.