THE HONG KONG GOVERNMENT GAZETTE, DECEMBER 6, 1935. 1155
(4) Subsequent directors, whether appointed in immediate. succession to any of the first directors or not, shall be appointed in accordance with the constitution and shall for the time being be deemed to be successors in office of the first directors and to be members of the Corporation.
ation.
4.—(1) The Corporation shall have the power to acquire, Powers of accept leases of, purchase, take, hold and enjoy any lands, the Corpor- buildings, messuages or tenements of what nature or kind soever and wheresoever situated, 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, goods and chattels of what nature and kind soever.
(2) The Corporation shall further have power by deed under its seal to grant, sell, convey, assign, surrender, exchange, partition, yield up, mortgage, demise, reassign, transfer or otherwise dispose of any lands, buildings, messuages, tenements, mortgages, debentures, stocks, funds, shares or securities, vessels, goods or chattels, which are for the time being vested in or belonging to the Corporation, upon such terms as the Corporation may seem fit.
(3) The Corporation shall also have power to conduct its affairs in accordance with the constitution.
documents.
5. All deeds and other instruments requiring the Execution of corporate seal of the corporation shall be sealed in the presence of two of the directors and shall be signed by the Chairman of the Board of Directors and one other director.
6. All matters of internal management, including any Internal amendment of the constitution, shall be settled and carried management. out in accordance with the constitution.
the rights
7. Nothing in this Ordinance shall affect or be deemed Saving of to affect the rights of His Majesty the King, his heirs or of the successors, or the rights of any body politic or corporate or Crown and of any other person except such as are mentioned in the other Ordinance and those claiming by from or under them.
Passed the Legislative Council of Hong Kong, this 5th day of December, 1935.
of certain
⚫ persons.
H. R. BUTTERS,
Deputy Clerk of Councils.