HONG KONG
LEGAL REPORT
Enclosure No 2
THE OCEAN PARK CORPORATION ORDINANCE 1987
(No. 35 of 1987)
This Ordinance establishes as a body corporate the Ocean Park Corporation to own and operate the recreational and educational complex known as Ocean
Park.
2. Prior to the enactment of this Ordinance, the company known as Ocean Park Limited, a wholly owned subsidiary of The Royal Hong Kong Jockey Club, operated Ocean Park. On the enactment of this Ordinance, that company was dissolved and replaced by the Ocean Park Corporation, and all the assets, liabilities and employees of the company were transferred under Part IV to the Corporation.
3.
Before the Governor assented to the Bill in the name and on behalf of Her Majesty, the Attorney General advised that he could properly do so.
// June 1987.
ATTORNEY GENERAL'S CHAMBERS,
HONG KONG.
Л
Law Draftsman.
Clause
Enclosure No. 4
OCEAN PARK CORPORATION BILL 1987
ARRANGEMENT OF CLAUSES
1.
Short title and commencement
2.
Interpretation
3.
4.
5.
6.
PART I
PRELIMINARY
PART II
:
:
ESTABLISHMENT OF THE OCEAN PARK CORPORATION
Establishment of the Corporation
Fixing of common seal of the Corporation
Documents of the Corporation
+
Certain documents not required to be sealed
PART III
ESTABLISHMENT OF THE BOARD OF THE CORPORATION
7.
Establishment of the Board...
8.
Membership of the Board
9.
Chairman of the Board
10.
Proceedings of the Board
11.
Validity of proceedings
12.
Transaction of business by circulation of papers
A.
:
:
:
:
Page
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:
PART IV
CORPORATION TO REPLACE THE COMPANY AND RELATED MATTERS
Corporation to replace the company...
13.
14.
Saving of employees of the company...
15.
16.
References in documents to the company .. Dissolution of the company
:
:
PART V
FUNCTIONS AND POWERS OF THE CORPORATION
17.
Functions of the Corporation
18.
Powers of the Corporation
:
3
3
4
4
4
4
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:
5
5
5
5
6
6
6
7
7
7
8
Clause
2
PART VI
STAFF OF THE CORPORATION
Appointment of Chief Executive and other employees
19.
20.
21.
Staff benefits
Employment of technical and professional advisers
PART VII
COMMITTEES AND DELEGATIONS
222
22.
Creation and functions of committees
23.
Power of Corporation to delegate
24.
Power of Chief Executive to delegate
PART VIII
FINANCIAL
25.
Power to borrow money..
26.
Accounts and statements
27.
Investment of surplus funds
28.
Auditors
29.
This Part not to apply to the Fund
PART IX
ESTABLISHMENT OF THE OCEAN PARK TRUST FUND
30.
Establishment of the Fund
...
31.
Application of the Fund
32.
Investment of moneys
33.
Accounts and statements
34.
Fund not to be used as security...
35.
Auditors
PART X
MISCELLANEOUS
36.
Corporation not servant or agent of the Crown
37.
Governor may obtain information
38.
Governor may give directions
39.
By-laws
40.
Amendment of Schedule to Prevention of Bribery Ordinance
Page
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a
9
9
10
10
10
11
11
11
12
12
2
12
12
12
13
13
3
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A BILL
10
To
Establish a body corporate to manage and control Ocean Park as a public recreational and educational park, and for that purpose to vest in that body corporate the assets of Ocean Park Limited, to provide for the establishment and administration of a trust fund, and to provide for matters incidental thereto or connected therewith.
Enacted by the Governor of Hong Kong, with the advice and consent of the Legislative Council thereof.
PART I
PRELIMINARY
1. This Ordinance may be cited as the Ocean Park Corporation Short title and Ordinance 1987 and shall come into operation on a day to be appointed by commencement. the Governor by notice in the Gazette.
2. In this Ordinance, unless the context otherwise requires—
"auditor" means a certified public accountant within the meaning of section
2 of the Professional Accountants Ordinance;
"Board" means the Board of the Ocean Park Corporation established by
section 7(1);
"Chairman" means the Chairman of the Board appointed under section 9 or the Deputy Chairman or any other member when acting under that section as the Chairman;
"Chief Executive" means the person appointed under section 19(1) to be the
Chief Executive;
Interpretation.
(Cap. 50.)
"company" means the company incorporated under the Companies Ordin- (Cap. 32.)
ance and registered under that Ordinance by the name Ocean Park Limited;