Section 10: Secretary and other staff of the Mortgage Bank

(1) The Board shall appoint a Secretary to the Mortgage Bank who shall-
(a) be responsible to the Managing Director;
(b) keep the records and conduct the correspondence of the Board; and
(c) perform such other duties as the Board or the Managing Director may, from time to time, determine.
(2) The Board shall appoint such number of officers and other persons as employees of the Mortgage Bank as may appear expedient and necessary to the Board for the proper and efficient conduct of the business and functions of the Mortgage Bank.
(3) The terms and conditions of service (including remuneration, allowances and pension benefits) of the secretary to the Mortgage Bank and other employees of the Mortgage Bank shall be as may be determined by the Board.