Repealed Acts
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WOOD INDUSTRIES CORPORATION ACT.

ARRANGEMENT OF SECTIONS

   Section

INTERPRETATION.

   1.   Interpretation.

ESTABLISHMENT, SEAL AND FUNCTIONS OF THE CORPORATION.

   2.   Establishment and seal of the corporation.

   3.   Function of the corporation.

THE BOARD.

   4.   Board of the corporation.

   5.   Meetings of the board.

   6.   Remuneration of board members, etc.

STAFF.

   7.   General manager.

   8.   Staff of the corporation.

FINANCIAL PROVISIONS.

   9.   Funds of the corporation.

   10.   Borrowing powers.

   11.   Estimates.

   12.   Corporation to operate on sound financial principles.

   13.   Investments.

   14.   Accounts and audit.

MISCELLANEOUS PROVISIONS.

   15.   Transfer of property.

   16.   Minister's power of direction.

   17.   Annual reports.

   18.   Byelaws.

   19.   Regulations.

      Schedule   Specified companies.

CHAPTER 334
WOOD INDUSTRIES CORPORATION ACT.

Commencement: 27 September, 1974.

   An Act to establish a Wood Industries Corporation and to provide for other matters connected therewith or incidental thereto.

INTERPRETATION.

1.   Interpretation.

   In this Act, unless the context otherwise requires—

   (a)   "chairperson" means the chairperson of the board appointed under section 4;

   (b)   "custodian board" means the Departed Asians' Property Custodian Board established by the Assets of Departed Asians Act;

   (c)   "Minister" means the Minister responsible for forestry.

ESTABLISHMENT, SEAL AND FUNCTIONS OF THE CORPORATION.

2.   Establishment and seal of the corporation.

   (1) There is established a corporation to be known as the Wood Industries Corporation.

   (2) The corporation shall have perpetual succession and a common seal and may sue or be sued in its corporate name, and may, in connection with the purposes of this Act, purchase, hold, manage and dispose of any property, and enter into such contracts, as may be necessary or expedient.

   (3) The application of the seal of the corporation shall be authenticated by the signatures of the chairperson, the general manager and a member of the board designated for that purpose by the board.

   (4) In the absence of the chairperson, two other members may be appointed by the board to sign in his or her place, and any person performing the functions of the general manager may sign in the absence of the general manager.

   (5) Every document purporting to be an instrument issued by the board and to be sealed with the seal of the board authenticated in the manner provided by this section shall be received and be deemed to be such an instrument without further proof unless the contrary is shown.

3.   Function of the corporation.

   (1) The function of the corporation shall be to promote wood industries in Uganda.

   (2) Without prejudice to the generality of subsection (1), the corporation may, in the performance of its function under this Act, do any or all of the following—

   (a)   establish forest industries and wood processing industries;

   (b)   acquire shareholdings in any forest industry or wood processing industry;

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