Section Text
(1) Every contract made by or on behalf or a1[Board],, the value or amount of which exceeds2[five hundred rupees], shall be in writing, and every such contract shall,3[* * *] be signed by two members, of whom the President or the Vice-President shall be one, and be countersigned by the Executive Officer and be sealed with the common seal of the Board:4[* * *].
Provided that5[***] the Executive Officer may in a case of urgency, with the previous sanction of the President of the Board, execute on behalf of the Board any contract the value or amount of which does not exceed6[two thousand and five hundred rupees],
(2) Where an Executive Officer executes a contract on behalf of a Board, under subsection (1), he shall submit a report of his action and of the reasons therefor to the Board at its next meeting.
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1. Substituted by Act 24 of 1936, section 69, for "Cantonment Authority".
2. Substituted by Act 15 of 1983, section 73, for "one hundred rupees" w.e.f. 1-10-1983.
3. The words "where there is a Board" rep. by Act 24 of 1936, section 36.
4. The words "or, where there is no Board, be signed by the Officer Commanding the station and be sealed with the official seal of the Cantonment Authority" rep. by Act 24 of 1936, section 36.
5. The words "where there is a Board" rep. by Act 24 of 1936, section 36.
6. Substituted by Act 15 of 1983, section 73, for "five hundred rupees" w.e.f. 1-10-1983.