First Previous (INDUSTRIAL GRANTS ACT, 1956)

48 1956



Supplementary Provisions.

Section 4 .

Act of 1950.

1. In this Schedule “the Act of 1950” means the Industrial Development Authority Act, 1950 (No. 29 of 1950).


2. The Authority shall be a body corporate with perpetual succession and a common seal and power to sue and be sued by their statutory title.

Common seal.

3. (1) The common seal of the Authority shall, when applied to a document, be attested by the signature of two members.

(2) All courts of justice shall take judicial notice of the common seal of the Authority and every document purporting to be an instrument made by the Authority and to be sealed with the common seal and to be attested in accordance with this paragraph shall, unless the contrary is shown, be received in evidence and be deemed to be such instrument without further proof.

Contracts and instruments not under seal.

4. Any contract or instrument which, if entered into or executed by an individual, would not require to be under seal may be entered into or executed on behalf of the Authority by any person generally or specially authorised by the Authority for that purpose.

Application of Act of 1950.

5. The provisions of the Act of 1950, except section 5 (which relates to the summoning of witnesses), shall apply in relation to the functions of the Authority under this Act.

Separate Accounts.

6. The accounts which the Authority are required by the Act of 1950 to keep shall include separate accounts of moneys received and expended by them under this Act.

Annual Report.

7. The Authority shall submit in such form as the Minister may direct an annual report of their activities and the Minister shall cause copies of the report to be laid before each House of the Oireachtas.


8. The Authority shall submit to the Minister such information regarding their activities as he may from time to time require.