Law library · Sierra Leone · The Road Transport Corporation Act, 1964
Section 36, The Road Transport Corporation Act, 1964
Status not yet checkedThe Road Transport Corporation Act, 1964, Sierra Leone
(a) the remuneration, fees and allowances of the mem.
bers of the Corporation:
b) the salaries, fees, remuneration, pensions, superannu
ation allowances and gratuities (including any payment
to the Government on account of Pensions and
gratuities under section 28) of the officers agents and
servants and technical and other advisers of the
Corporation:
() operating expenses and expenditure on, or provision
for, the maintenance of any of the property of the
Corporation and the discharge of the fnuctions of the
Corporation properly chargeable to revenue account;
d) interest on any stock issued and on any loan raised
by the Corporation :
(e) sums required to be transferred to a sinking fund or
otherwise set aside for the purpose of making pro
vision for the redemption of stock or the repayment
of other borrowed moneys;
() depreciation charges;
(e) any other expenditure authorised by the Corporation
and properly chargeable to revenue account.
(2) The balance of the revenue of the Corporation shall
be applied to the creation of general or specific reserve funds
to be used for maintaining and improving the financial sound
ness of the Corporation and for financing further developments.
Read the whole lawDownload PDFAsk Tima what this means
Check the current official version before relying on this text. MiLAWYER shares legal information, not legal advice.