Part VE+W General Provisions as to Members and Proceedings of Local Authorities

Restrictions on votingE+W

98 Interpretation of sections 95 and 97. E+W

(1)In sections 95 and 97 above “securities”[F1means—]

[F1(a)investments falling within any of paragraphs 1 to 6 of Schedule 1 to the Financial Services Act 1986 or, so far as relevant to any of those paragraphs, paragraph 11 of that Schedule; or

(b)rights (whether actual or contingent) in respect of money lent to, or deposited with, any society registered under the Industrial and Provident Societies Act 1965 or any building society within the meaning of the M1 Building Societies Act 1986.]

[F2(1A)In sections 94 and 97 above “local authority” includes a joint authority [F3and a police authority established under section 3 of the M2Police Act 1964] . . . F4 and in section 94(5)(a) above “principal council” includes any such authority.]

(2)In section 95 above “public body” includes any body established for the purpose of carrying on under national ownership any industry or part of an industry or undertaking, the governing body of any university, university college or college, school or hall of a university and the National Trust for Places of Historic Interest or Natural Beauty incorporated by the M3National Trust Act 1907.