Section 128
Execution of contract.
About this Act
An Act to consolidate and amend the law relating to the administration of cantonments with a view to impart greater democratisation, improvement of their financial base to make provisions for developmental activities and for matters connected therewith or incidental thereto.
(1) Every contract made by or on behalf of a Board, the value or
amount of which exceeds fifty thousand rupees, shall be in writing, and every such contract shall, be
signed by two members, of whom the President or the Vice-President shall be one, and be countersigned
by the Chief Executive Officer and be sealed with the common seal of the Board.
(2) Where the Chief Executive Officer executes a contract on behalf of the Board sanctioned under sub-section (2) of section 127, he shall submit a report, on the execution of the contract, to the Board at its next meeting.
(2) Where the Chief Executive Officer executes a contract on behalf of the Board sanctioned under sub-section (2) of section 127, he shall submit a report, on the execution of the contract, to the Board at its next meeting.