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Mbeya Regional Development Corporation (Establishment) Order, 1980

Government Notice 158 of 1980

Mbeya Regional Development Corporation (Establishment) Order, 1980
Citation
Government Notice 158 of 1980
Primary work
District Development Corporations Act
Date
31 July 2002
Language
English
Type
Government Notice
Collections
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Tanzania
District Development Corporations Act

Mbeya Regional Development Corporation (Establishment) Order, 1980

Government Notice 158 of 1980

  • Published in Tanzania Government Gazette
  • Commenced
  • [This is the version of this document at 31 July 2002.]
  • [Note: This legislation was revised and consolidated as at 31 July 2002 and 30 November 2019 by the Attorney General's Office, in compliance with the Laws Revision Act No. 7 of 1994, the Revised Laws and Annual Revision Act (Chapter 356 (R.L.)), and the Interpretation of Laws and General Clauses Act No. 30 of 1972. All subsequent amendments have been researched and applied by Laws.Africa for TANZLII.]

1. Title

This Order may be cited as the Mbeya Regional Development Corporation (Establishment) Order.

2. Interpretation

In this Order, unless the context otherwise requires—"Act" means the District Development Corporations Act1;1Cap. 382"Board" means the Board of Directors of the Corporation provided for in section 6;"Corporation" means the Regional Development Corporation established by section 17;"Minister" means the Minister responsible for regional administration.

3. Establishment of Corporation

There is hereby established a Regional Development Corporation to be known as the Mbeya Regional Development Corporation.

4. Functions of Corporation

The functions of the Corporation shall be—
(a)to acquire by purchase or otherwise, or establish, construct, improve and manage guest houses and hotels;
(b)to engage in housing development by promoting and implementing owner-occupied housing schemes and by constructing and managing commercial and industrial premises;
(c)to acquire by purchase or otherwise, or establish, construct improve or manage small industry;
(d)to farm, improve or carry on any activity on land for agricultural, horticultural or forestry activity of any description or pastoral development, and to dispose of, or deal with the produce or products of any such activity or development in any manner which may appear likely to be useful to the Corporation or may enhance the value of any other property or rights of the Corporation;
(e)to carry on the trade or business of dealers in cattle, sheep, goats poultry and to carry on the business of cattle rearers, sheep farmers, and to rear, manage or otherwise deal in goats, poultry or livestock generally;
(f)to sell, lend, lease, dispose of or otherwise deal in cattle, sheep, goats, poultry and all livestock generally;
(g)to sell and carry on the business of dealers in beef, mutton, goats meat, chicken, hides, skins, fat tallow, grease, offal and other animal products;
(h)to carry on the business of the conveyance of passengers and goods in vehicles or vessels between such places as the Corporation may determine;
(i)to do all such things as may be deemed incidental or conducive to the proper and efficient performance of the functions specified in this paragraph;
(j)to carry on and undertake any business undertaking, transaction, operation, whether mercantile, commercial, financial, industrial, trading or otherwise which may seem to the Corporation capable of being conveniently carried on in connection with the above functions, or calculated directly or indirectly to enhance the value of or render more profitable any of the Corporation's property or rights.

5. Authorised share capital

(1)The authorised share capital of the Corporation shall be four million shillings divided into four thousand shares each having a par value of one thousand shillings.
(2)The shares of the Corporation shall be issued at such time as the Board may, subject to the approval of the Minister in writing, by resolution appoint.
(3)The authorised share capital of the Corporation may, subject to the approval of the Minister in writing be increased by resolution of the Board.
(4)Payment shall be made by the local authorities in the Region for shares at their par value as soon as they have been allotted by the Corporation and the payment shall be in cash or other valuable consideration as the Board may determine.
(5)The shares of the Corporation shall not be pledged or encumbered in any manner and shall not be transferred or assigned.

6. Funds and resources of the Corporation

The funds and resources of the Corporation shall include—
(a)subscriptions to the shares of the Corporation;
(b)rent and other charges for services rendered by the Corporation;
(c)such sums as may be provided for the purposes of the Corporation by the Government either by way of grant or loan;
(d)the Board may, with the prior approval of the Minister, borrow moneys for the purposes of the Corporation by way of loan or overdraft, and upon such security and such terms and conditions relating to the payment of the principal and the payment of interest as the Board may deem fit.

7. Management vested in Board of Directors

The management and functions of the Corporation shall vest in a Board of Directors.

8. Director-General

(1)The Minister shall appoint a suitable person to be the Director-General.
(2)The Director-General shall be the Chief Executive Officer of the Corporation and shall be responsible to the Board in the management of the affairs of the Corporation.
(3)The terms and conditions of service of the Director-General shall be as the Minister may determine.

9. Staff of Corporation

Subject to the provisions of section 11 of the Act the Board may, appoint on such terms and conditions as it may think fit, such officers and servants of the Corporation as it may think necessary for the carrying out of the functions of the Corporation.

10. Salaries, etc., to be paid out of Corporation's funds

(1)The Corporation shall apply its funds for the following purposes—
(a)the payment of all the salaries, fees and other allowances payable to members of the Board and officers or servants of the Corporation;
(b)the payment of all the expenses and other charges duly incurred by the Corporation or for which the Corporation becomes duly liable in the course of the performance of its functions;
(c)such other purposes as the Board may approve.
(2)The Board may invest all or any portion of any moneys which are surplus to its requirements in such securities as may be approved by the Minister.

11. Reports

The Director-General shall prepare and make a report of the activities of the Corporation and submit it to the Minister twice every year and so that the period intervening between any one and the next report shall not exceed seven months.
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History of this document

31 July 2002 this version
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