GHANA NATIONAL MANGANESE CORPORATION INSTRUMENT, 1973(L.I 844).

GHANA NATIONAL MANGANESE CORPORATION INSTRUMENT, 1973(L.I 844). IN exercise of the powers conferred on the National Redemption Council by sections 1, 2 and 4 of the Statutory Corporations Act, 1964 (Act 232) this Instrument is made this 25th day of September, 1973.

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Table of Content

1. Section 1—Establishment of the Ghana National Manganese Corporation.

2. Section 2—Acquisition of Land.

3. Section 3—Objects of the Corporation.

4. Section 4—Corporation to Conduct its Affairs on Sound Commercial Lines.

5. Section 5—The Board

6. Section 6—Qualifications and Tenure of Office of Members of the Board.

7. Section 7—Remuneration of Board Members.

8. Section 8—Meetings of the Board.

9. Section 9—Board to be in Control of General Policy of Corporation.

10. Section 10—Execution of Contracts, Etc.

11. Section 11—Staff of Corporation.

12. Section 12—Secretary of Corporation.

13. Section 13—Internal Auditor.

14. Section 14—Board Members not to Sponsor Appointments.

15. Section 15—Capital and Funds of Corporation.

16.Section 16—Staff Welfare Fund.

17. Section 17—Depreciation Fund.

18.Section 18—Corporation to Pay Sums into Consolidated Fund.

19.Section 19—Borrowing Powers.

20. Section 20—Corporation to Keep Proper Books of Account.

21.Section 21—Financial Year of Corporation.

22. Section 22—Audit.

23.Section 23—Annual Report, Etc.

24.Section 24—Commissioner’s Power of Direction.

25.Section 25—Bye-laws or Other Instruments.

26.Section 26—Interpretation.

27. Section 27—Commencement.

1. Section 1—Establishment of the Ghana National Manganese Corporation.

2. Section 2—Acquisition of Land.

3. Section 3—Objects of the Corporation.

4. Section 4—Corporation to Conduct its Affairs on Sound Commercial Lines.

5. Section 5—The Board

6. Section 6—Qualifications and Tenure of Office of Members of the Board.

7. Section 7—Remuneration of Board Members.

8. Section 8—Meetings of the Board.

9. Section 9—Board to be in Control of General Policy of Corporation.

10. Section 10—Execution of Contracts, Etc.

11. Section 11—Staff of Corporation.

12. Section 12—Secretary of Corporation.

13. Section 13—Internal Auditor.

14. Section 14—Board Members not to Sponsor Appointments.

15. Section 15—Capital and Funds of Corporation.

16.Section 16—Staff Welfare Fund.

17. Section 17—Depreciation Fund.

18.Section 18—Corporation to Pay Sums into Consolidated Fund.

19.Section 19—Borrowing Powers.

20. Section 20—Corporation to Keep Proper Books of Account.

21.Section 21—Financial Year of Corporation.

22. Section 22—Audit.

23.Section 23—Annual Report, Etc.

24.Section 24—Commissioner’s Power of Direction.

25.Section 25—Bye-laws or Other Instruments.

26.Section 26—Interpretation.

27. Section 27—Commencement.

Section 1

Section—1. Establishment of the Ghana National Manganese Corporation.

There is hereby established a body Corporate to be known as the Ghana National Manganese Corporation, in this Instrument referred to as the “Corporation”.

Section 2

Section—2. Acquisition of Land.

Where there is any hindrance to the acquisition by the Corporation of any property in pursuance of its powers under section 3 of the Statutory Corporations Act, 1964 (Act 232), the property may be acquired for the Corporation under the State Property and Contacts Act, 1960 (C.A. 6) or as the case may be, under the State Lands Act, 1962 (Act 125) and each such Act shall, as the case may be apply in relation to any such acquisition with such modifications as may be necessary to provide for the vesting of the property acquired thereunder in the Corporation and for the cost of such acquisition to be defrayed by the Corporation.

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GHANA NATIONAL MANGANESE CORPORATION INSTRUMENT, 1973(L.I 844).

Section—1. Establishment of the Ghana National Manganese Corporation.

Section—2. Acquisition of Land.

GHANA NATIONAL MANGANESE CORPORATION INSTRUMENT, 1973(L.I 844).

Section—1. Establishment of the Ghana National Manganese Corporation.

Section—2. Acquisition of Land.