(1) The Foundation
must have a common seal.
(2) A document is duly
executed by the Foundation if —
(a) the
common seal of the Foundation is affixed to it in accordance with subsections
(3) and (4); or
(b) it
is signed on behalf of the Foundation by a person or persons authorised to do
so under subsection (5).
(3) The common seal of
the Foundation must not be affixed to any document except as authorised by the
Foundation.
(4) The common seal of
the Foundation must be affixed to a document in the presence of one of its
members who must sign the document to attest that the common seal was so
affixed.
(5) The Foundation
may, by writing under its common seal, authorise one or more of its members or
the CEO or any other staff member to sign documents on behalf of the
Foundation, either generally or subject to the conditions that are specified
in the authorisation.
(6) A document
purporting to be executed in accordance with this section must to be presumed
to be duly executed until the contrary is shown.
(7) When a document is
produced bearing a seal purporting to be the common seal of the Foundation, it
must be presumed that the seal is the common seal of the Foundation until the
contrary is shown.