THE HONG KONG GOVERNMENT GAZETTE, APRIL 2, 1931.
HONG KONG.
No. 9 of 1931.
I assent.
W. PEEL,
L. S.
Governor.
2nd April, 1931.
An Ordinance to provide for the incorporation of the Procurator in Hong Kong of the Salesian Society..
[2nd April, 1931.]
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 Salesian Society Short title. Incorporation Ordinance, 1931.
2. The Procurator for the time being in the Colony of Incorpora- Hong Kong of the Salesian Society shall be a corporation tion. sole (hereinafter called the corporation) and shall have the name of " The Procurator in Hong Kong of the Salesian Society" and in that name shall have perpetual succession and shall and may sue and be sued in all courts in the Colony and shall and may have and use a common seal.
3.-(1) Subject to the provisions of sub-section (2), Powers of the corporation shall have power to acquire, accept leases Corporation. of, purchase, take, hold and enjoy any lands, buildings messuages or tenements of what nature or kind so ever 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, company or person, and also to purchase acquire and possess vessels and other goods and chattels of what nature and kind soever.
(2) Notwithstanding the provisions of sub-section (1), the corporation shall not acquire any immovable property in the Colony unless it shall have previously obtained the special consent of the Governor in Council in each case.
(3) 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 securitics, or vessels or other goods and chattels, which are for the time being vested in or belong- ing to the corporation, upon such terms as to the corpora- tion may seem fit.
4. The legal estate in any property whatsoever trans- Property ferred to the corporation in any manner whatsoever shall transferred to in the event of the death of the Procurator for the time corporation
to pass to being in Hong Kong of the Salesian Society, or in the event of his ceasing to hold office as such Procurator, pass to his successor in such office when appointed.
successors.
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