937. Byelaws for regulation of institutions.

In any institution to which the Literary and Scientific Institutions Act 1854 applies1 the governing body2, if not otherwise legally empowered to do so, may at any meeting specially convened according to its regulations make byelaws3 to regulate the institution, its members4 and officers, and to further its purpose and objects, and may impose a reasonable pecuniary penalty for breach of any such byelaw5