1692
Incorpora-
tion.
Powers of corporation.
No. 7 of 1927. JAPANESE RESIDENTS ASSOCIATION.
3. (1) The directors of the Japanese Residents Association of Hong Kong, and their successors in office as hereinafter defined, shall be a body corporate, hereinafter called the corporation, and shall have the name of "The Directors of the Japanese Residents Association of Hong Kong" 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.
(2) Directors 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 upon notice of their appointment, and of the retirement of the retiring directors (if any) whom they have been appointed to replace, being filed with the Registrar of Companies.
(3) Any such notice shall be signed by two of the continuing or retiring directors and sealed with the common seal of the corporation.
4.-(1) Subject to the provisions of sub-section (2), the corporation shall have power to acquire, accept leases of, purchase, take, hold and enjoy any lands, 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 corporation or company, and also to purchase, acquire and possess any 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 has 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 securities, or any goods and chattels whatsoever, which are for the time being
As amended by Law Rev. Ord., 1939, Supp. Sched.