346
[No. 9:-3.4.34.—1.]
Short title.
Incorpora tion.
Power of
A BILL
INTITULED
An Ordinance for the Incorporation of the Trustees of the
China Fleet Club.
Be it enacted by the Governor of Hong Kong, with the advice and consent of the Legislative Council thereof, as follows:
1. This Ordinance may be cited as The China Fleet Club Incorporation Ordinance 1934.
2.-(1) The Trustees of The China Fleet Club appointed under the hand of the Commodore or other officer in charge of His Majesty's Naval Establishments at Hong Kong shall be a body corporate (hereinafter called "the Corporation') and shall have the name of "The Trustees of the China Fleet Club" and by that name shall have perpetual succession and shall and may sue and be sued in all courts and shall and may have and use a common seal, and the said seal may break change alter and make anew as to the Corporation may seem fit.
(2) The Trustees, whether the first Trustees or appointed in succession, immediate or otherwise, of any of the first Trustees shall be deemed to be the Trustees and be members of the Corporation upon notice of their appointment and of the retirement of the retiring Trustees, if any, whom they shall have been appointed to replace, being filed with the Registrar of Companies.
(3) Any such notice shall be signed by the Commodore or other Officer in charge of His Majesty's Naval Establish- ments at Hong Kong aforesaid.
3. The Corporation shall have full power to acquire, Corporation accept leases of, purchase, take, hold and enjoy any lands, buildings, messuages or tenements of what nature or kind soever and wheresoever situate in this Colony or elsewhere, and also to invest monies on deposit in any bank, either in this Colony or elsewhere, on such terms as may seem expedient to it, or on mortgage of any lands, buildings, messuages or tene- ments in this Colony or elsewhere, or on the mortgages or debentures, stocks, funds, shares or securities of any corpora- tion or company carrying on business or having an office in this Colony or elsewhere, and also to purchase and acquire all manner of goods and chattels whatsoever.
The Corporation shall further have power by deed under its seal to grant, sell, convey, assign, surrender and yield up mortgage, demise, reassign, transfer or otherwise dispose of or deal with any lands, buildings, messuages, tenements, mort- gages, debentures, stocks, funds and securities, goods and chattels vested in the Corporation on such terms as to the Corporation may seem fit.