11—Common seal and execution of documents
(1) The common seal of
the Authority must not be affixed to a document except in pursuance of a
decision of the board, and the affixing of the seal must be attested by the
signatures of two directors.
(2) The Authority may,
by instrument under its common seal, authorise a director, a person employed
under this Act (whether nominated by name or by office or title) or any other
person to execute documents on behalf of the Authority subject to conditions
and limitations (if any) specified in the instrument of authority.
(3) Without limiting
subsection (2), an authority may be given so as to authorise two or more
persons to execute documents jointly on behalf of the Authority.
(4) A document is duly
executed by the Authority if—
(a) the
common seal of the Authority is affixed to the document in accordance with
this section; or
(b) the
document is signed on behalf of the Authority by a person or persons in
accordance with an authority conferred under this section.