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(3) The Corporation shall further have power by deed under its seal to grant, sell, convey, assign, surrender, exchange, partition, yield up, mortgage, demise, re-assign, transfer or otherwise dispose of any lands, buildings, messuages, tenements, mortgages, debentures, stocks, funds, shares or securities, or any 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.
4.—(1) The Corporation may from time to time By-laws. with the approval of the Governor-in-Council framne, and from time to time with the approval of the Governor-in-Council alter, by-laws for its internal management and control, and all such by-laws when approved as aforesaid and agreed upon by the corpora- tion shall be binding on every member thereof.
(2) Amendments to the by-laws shall be made by Amendment the Trustees in general meeting, and at least fourteen of by-laws. clear days written notice of the resolution to effect such amendment shall be given to each of the Trustees present in the Colony at the time.
(3) A copy of the by-laws certified as correct by Deposit two of the Trustees and sealed with the common seal thereof. of the Corporation shall be deposited and filed with the Registrar of Companies, and whenever such by- laws are altered a copy thereof as altered certified as aforesaid shall also be forthwith deposited and filed with the said Registrar. The first by-laws shall be those contained in the Schedule.
5. All deeds and other instruments requiring the Execution of corporate seal of the Corporation shall be sealed in the documents. presence of two of the Trustees and shall be signed by two of the Trustees.
6. Nothing in this Ordinance shall affect or be Saving of the deemed to affect the rights of His Majesty the King, rights of the His Heirs or Successors, or the rights of any body Crown and of politic or corporate or of any other person except such certain other as are mentioned in this Ordinance and those claiming persous.
by from or under them.
SCHEDULE.
BY-LAWS.
CONSTITUTION.
1. The Fund shall be known as "The Chater Masonic Scholarship Fund ".
2. The Fund shall consist of the existing fund in the hands of the Treasurer and such further contribu- tions as shall be made by masonic bodies and indivi- duals.
OBJECT.
3. The object of the Fund is to provide a Scholar- ship at the Hong Kong University for the sons of Freemasons without distinction of class or nationality, who are members of any of the Masonic Bodies in the District of Hong Kong and South China, and to the sons of deceased Masons who are eligible for relief under the qualifications contained in the by-laws of the Hong Kong and South China Masonic Benevolent Fund Corporation.