| 74. | Contracts on behalf of the corporation may be made as follows, and shall be subject to the following conditions; that is to say:—
| (1.) | Every contract must be authorised by resolution of the Committee. |
| (2.) | Any contract which, if made between private persons, would by law be required to be in writing, may be made on behalf of the corporation by any two members of the Committee in writing, and under its common seal. |
| (3.) | All deeds necessary to give effect to any contract shall be signed by at least two members of the Committee in the presence of a Judge of the Native Land Court, or other officer appointed by the Government for the purpose; and such deed, if it effect any alienation of land, shall be also signed by the Commissioner of Crown Lands, or the Native Lands Administration Officer for the district, but without imposing upon such Commissioner or officer any liability under the provisions of the deed so signed. |
| (4.) | Any contract, which if made between private persons, would by law be valid, although made by parol only, and not reduced into writing, may be made by parol on behalf of the corporation by the Chairman and one other member of the Committee. |
| (5.) | No contract involving more than £50, and no contract whatsoever for the alienation of land, shall be binding on the corporation or its assets, or be in page 14.gif) any way valid, unless the Public Trustee has consented thereto; but such consent shall not make him in any way liable under the contract so consented to. |
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