7.10 The business of the Society shall be carried out and managed by the Board of Directors,

which shall have the exercise of, or expressly delegate as it deems fit to any officer or

any servant, all such powers to enter into all such agreements, make all such

arrangements, take or initiate all such proceedings, and do all such acts or things as are

necessary for the effective management of the affairs of the Society, for carrying out the

objects for which the Society is established, and for securing and furthering its interests

in accordance with its By-Laws and subject to the provisions of the Act and Rules.

7.11 The Board of Directors shall exercise the diligence and prudence of ordinary men of

business and shall be jointly and severally liable for any loss sustained through failure to

exercise such prudence and diligence or through any act which is contrary to the

provisions of the Act, the Rules, these By-Laws or the directions of a general meeting.

7.12 Without restricting the generality of By-Laws 7.10 and 7.11, the following powers and

authorities are expressly given to the Board of Directors:

(a) to negotiate and enter into contracts and agreements for the purchase of cars and

their spare parts, accessories and insurance, to bid for Certificates of Entitlement

for its vehicles and in general to deal with the Land Transport Authority in all

matters relevant to the Society's business, and to organise, inspect, repair and

provide maintenance service schemes for all vehicles owned by the Society;

(b) to purchase, take on lease, or otherwise acquire land or building for the purpose of

constructing car pool stations and offices and such other purposes as are necessary

for the business and for carrying out the objects of the Society and to dispose of the

same, with the previous sanction of the Registrar;

(c) to take such measures as may be necessary for the effective and proper conduct of

the business and affairs of the Society and the safe custody and proper maintenance

of its assets, funds (including the investment thereof) and properties and, in

particular, to appoint officers, salaried or non-salaried, on such terms and

remuneration, and with such designations, powers and authorities to conduct the

business of the Society as they deem fit and to suspend and dismiss such officers;

(d) to raise and administer funds and secure repayment thereof as may be required from

time to time for the purpose and conduct of the affairs of the Society in accordance

with and subject to the provisions of the Act, the Rules and these By-Laws;

(e) to draw up regulations from time to time for the proper conduct of the Society's

business;

(f) to reimburse any member of the Board, officer or servant of the Society out of its

funds for all costs, charges, travelling or other expenses incurred by him in the

execution of the Society's business, or in discharge of his duties. No member of

the Board, officer or servant of the Society shall be held liable for joining in any

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