ARRANGEMENT OF SECTIONS
1. Short title.
3. Establishment of Board of Trustees.
4. Constitution of Board.
5. Tenure and vacation of office.
6. Power to appoint temporary members.
7. Vacancy among members not to invalidate proceedings.
9. Appointment of Secretary and other staff to the Board and emoluments.
10. No personal liability to attach to members.
11. Establishment of Fund.
12. Object of Fund.
13. Power of Board to receive gifts.
14. Restriction on acceptance of property.
15. Power to invest.
16. Power to retain investment which has ceased to be authorised.
17. Power to manage land.
18. Board to give effect to donor's instructions.
19. Board to prepare schemes.
20. Scheme to be submitted to President for approval.
21. Power to organise the raising of funds.
22. Land required by Board to be deemed public purpose.
23. Power to make grants of public land.
24. Expenses to be met from rents, interest, etc.
25. Accounts and audit.
26. Report of the Board.
27. Representation by Attorney-General.
28. Exemption from stamp duty.
29. Winding up of Fund and expiration.
31. Reservation to the Republic.
THE TANGANYIKA HIGHER EDUCATION TRUST FUND ACT
An Act to establish a trust fund to provide for higher education and for the management of such fund and for related matters.
[24th February, 1956]
R.L. Cap. 369
2 of 1956
35 of 1957
24 of 1963
1 of 1968
This Act may be cited as the Tanganyika Higher Education Trust Fund Act.
In this Act, unless the context requires otherwise–
"Board" means the Tanganyika Higher Education Trust Fund Board of Trustees established under section 3;
"chairman" means the chairman of the Board appointed under the provisions of section 4 and includes the deputy chairman;
"Fund" means the Tanganyika Higher Education Trust Fund established under section 11;
"higher education" means education normally provided by a university, university college, technical college, or other educational institution providing facilities for higher academic, scientific, technological, professional or vocational training, or research;
"member" means a member of the Board appointed under section 4 and includes a temporary member appointed under section 6;
"property" means property of every description, movable or immovable;
"secretary" means the secretary of the Board appointed under section 9;
"treasurer" means a person appointed as treasurer of the Board under section 9.
There shall be established a Board of Trustees to be known as the Tanganyika Higher Education Trust Fund Board of Trustees which shall–
(a) be a body corporate with perpetual succession and a common seal;
(b) in its corporate name be capable of suing and being sued;
(c) be capable of holding, acquiring and disposing of property; and
(d) subject to the provisions of this Act, have power to do anything and enter into any transaction (whether or not involving expenditure or lending or investment of money) which in its opinion is calculated to facilitate the discharge of its functions or is incidental or conducive to it.
(1) The Board shall consist of not less than six members, of whom at least three shall be persons not holding public office to be appointed from time to time by the President.
(2) The President may appoint from amongst the members a chairman and a deputy chairman of the Board.
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