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[No. 6:-22.4.41.-1.]
A BILL
INTITULED
An Ordinance to incorporate Trustees capable of holding property and empowered to administer two trust funds known as The Chater (Cathedral) Endowment Fund and The Chater (St. Andrew's Church) Endowment Fund for the purpose of assisting in the maintenance of St. John's Cathedral and St. Andrew's Church in this Colony.
C6
WHEREAS by two several Deeds of Trust dated the 24th day of April 1920 and the 29th day of April 1925 made between the late Sir Catchick Paul Chater of the one part and Trustees therein mentioned of the other part of the said Sir Catchick Paul Chater created two Funds each of the amount $250,000.00 to be known as The Chater (Cathedral) Endowment Fund and The Chater (St. Andrew's Church) Endowment Fund" respectively which said funds he gave to the said Trustees to be possessed by them upon trust to apply the income thereof in assisting in the maintenance of St. John's Cathedral Church and St. Andrew's Church in this Colony and augmenting the stipends of the Clergy for the time being holding the respective offices of Chaplain or Assistant Chaplain of the said Cathedral and Incumbent or Curate of the said Church. And whereas it is deemed expedient that the said Funds should be vested in an incorporated body which may administer the same for the purposes declared in the said two Deeds of Trust.
BE it enacted by the Governor of Hong Kong, with the advice and consent of the Legislative Council thereof as follows:-
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1. This Ordinance may be cited as 'The Trustees of Short title. the Chater (Cathedral and St. Andrew's) Endowment Funds Incorporation Ordinance 1941 ".
2. The Trustees of the Chater (Cathedral) Endowment Incorpora- Fund and the Trustees of the Chater (St. Andrew's) Endow- tion. ment Fund and their successors in office shall be a body corporate (hereinafter called "the Corporation") and shall have the name The Trustees of the Chater (Cathedral and St. Andrew's) Endowment Funds " and by that name shall have perpetual succession and shall and may sue or be sued in all Courts in this Colony and shall and may have and use a Common Seal and the said seal may break, change, alter and make anew as the said Corporation may seem fit.
3. The said Corporation shall administer the funds and Powers of securities now respectively representing and hereafter to Corporation. respectively represent the Chater (Cathedral) Endowment Fund and the Chater (St. Andrew's Church) Endowment Fund in accordance with the provisions and directions that are contained regarding the same in two several Deeds of Trust dated the 24th day of April 1920 made between the late Sir Catchick Paul Chater of the one part and Newton John Stabb and John Scott Harston of the other part and the 29th day of April 1925 made between the said Sir Catchick Paul Chater of the one part and the said John Scott Harston and