Electricity (Supply) Act 1927
Procedure of the Board.
6.—(1) The procedure of the Board at its meetings and otherwise shall be conducted in accordance with the provisions of the regulations in that behalf made by the Board under this Act.
(2) Whenever and so long as the Board consists of three members only, two members of the Board shall constitute a quorum, and whenever and so long as the Board consists of more than three members, one-third of the members of the Board shall constitute a quorum.
(3) The Board may act notwithstanding a vacancy in its membership.
Annotations
Modifications (not altering text):
C9
Application of section extended (17.04.2001) by Electricity (Supply) (Amendment) Act 2001 (9/2001), s. 5, commenced on enactment.
Regulations relating to rights and obligations attaching to capital stock.
5.—(1) The power to make regulations conferred on the Board pursuant to section 6 of the Electricity (Supply) Act 1927, shall be deemed to include a power to make such regulations as the Board considers appropriate for determining, subject to prior written consent of the Minister for Public Enterprise and the Minister for Finance—
(a) the terms and conditions relating to the creation of capital stock, and
(b) the rights and obligations attaching to the capital stock.
(2) Without prejudice to the generality of subsection (1) of this section, regulations made pursuant to that subsection may include provisions relating to dividends, voting rights, Board representation and the limitation of the transfer or alienation of beneficial interest in capital stock.
(3) Every regulation made pursuant to this section shall be laid before each House of the Oireachtas as soon as may be after it is made and, if a resolution annulling the regulation is passed by either such House within the next 21 days on which that House has sat after the regulation is laid before it, the regulation shall be annulled accordingly but without prejudice to the validity of anything previously done thereunder.
C10
Subs. (2) construed (4.04.1977) by Worker Participation (State Enterprises) Act 1977 (6/1977), s. 25(1), (2), commenced on enactment, subs. (2) as substituted (12.06.1988) by Worker Participation (State Enterprises) Act 1988 (13/1988), s. 22, commenced on enactment.
Quorums of designated bodies.
25.—(1) Notwithstanding the enactments contained in subsection (2) of this section the appropriate Minister may, after consultation with the Minister, by order fix the quorum for—
(a) a meeting of the board of a designated body which is a company,
(b) a meeting of a designated body which is not a company,
and in case the appropriate Minister makes an order under this section as regards a designated body to which any such enactment applies, the enactment shall, for so long as the order is in force, be construed and have effect in accordance with the order.
[(2) The enactments referred to in subsection (1) of this section are— ...
(b) section 6(2) of the Electricity (Supply) Act, 1927;
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