THE HONG KONG GOVERNMENT GAZETTE, MAY 27, 1932.
Execution of documents.
Vesting of Property.
Fower
to make
alter, vary, renew, maintain and repair any buildings, messuages or tenements, and also to invest moneys upon mortgage of any lands, buildings, messuages or tenements, or upon the mortgages, debentures, stocks, funds, shares or securities of any government municipality corporation or company and also to purchase, acquire and possess vessels and other goods and chattels of whatsoever kind or nature.
(3) The Corporation shall further have power by deed. under its seal to grant, sell, convey, assign, surrender, exchange, partition, yield up, mortgage, pledge, demise, reassign, transfer or otherwise dispose of any lands, build- ings, messuages, tenements, mortgages, debentures, stocks, funds, shares or securities or other goods and chattels, which are for the time being vested in or belonging to the Corporation, upon such terms as to the Corporation may seem
fit.
5. All deeds and other instruments requiring the corporate seal of the Corporation shall be sealed in the presence of two Members of the Council and shall be signed by two Members.
6. (1) All those pieces or parcels of ground registered respectively in the Land Office as Garden Lot No. 76 and Rural Building Lots Nos. 314, 318, 319, 320, 321, 322 and 330 together with all rights, easements and appurtenances thereto belonging or usually held occupied or enjoyed therewith, are hereby transferred to and vested in the Corporation for the unexpired residue of the terms of years created by the Crown Leases thereof, subject to the payment of the rent and the performance and observance of the covenants and conditions therein contained.
(2) All property and effects at the time of the coming into operation of this Ordinance belonging to and vested in the Council or the Trustees shall, at the time of the coming into operation of this Ordinance, be transferred to and be and become vested in the Corporation.
(3) On the coming into operation of this Ordinance the Corporation shall become liable for all debts and liabilities of the Council or the Trustees.
7.(1) The Council may by resolution passed by the regulations, majority of the Council from time to time make such regula- tions as they may at their discretion deem desirable for the administration of the Corporation and the management of the Corporation's premises and property of whatever description.
Any regulations made by the Council shall be filed with the Registrar of Companies.
(2) Subject to the exercise of the above powers, the regulations contained in the Schedule hereto shall be in force from the commencement of this Ordinance and shall be deemed to have been made under this Ordinance.
(3) There shall be no obligation on the Council to obtain the approval of the Governor-in-Council to such regulations. nor shall it be necessary to publish any such regulations.
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