CAP. 154]
[s. 3 cont.]
Power to sell, etc., and to demise. Consent of Governor, how evidenced. Power to lend money on mortgage. (Cap. 29.) Properties transferred or acquired to form a separate fund. Man Mo Temple.
Governor) to purchase or otherwise acquire, hold, take and enjoy any messuages, lands, tenements and hereditaments whatsoever in this Colony for the purposes of this Ordinance.
4. It shall be lawful for the Tung Wah Hospital (with the consent in writing of the Governor) to sell, exchange, mortgage, or in any manner dispose of, or (without such consent) to let or demise for any term not exceeding three years any of the messuages, lands, tenements and hereditaments hereby vested in or hereafter acquired by the Tung Wah Hospital for the purposes of this Ordinance, and also to do any other act, matter or thing in relation to any such messuages, lands, tenements and hereditaments which the Tung Wah Hospital shall deem necessary or expedient.
5. Upon any such sale, mortgage or disposition of any of the said messuages, lands, tenements and hereditaments, the signature of the Governor indorsed upon the deed or other document effectuating such sale, mortgage or disposition shall be sufficient evidence that the consent required by section 4 has been obtained.
6. Subject to the provisions of the Trustee Ordinance, the Tung Wah Hospital may lend any moneys which are subject to the provisions of this Ordinance on the security of mortgage of any leasehold messuages, lands, tenements or hereditaments and may exercise all the ordinary rights, powers and privileges of a mortgagee as to foreclosure or sale of the mortgaged property or otherwise.
7. All the messuages, lands, hereditaments and premises, properties and moneys by this Ordinance transferred to and vested in the Tung Wah Hospital, and all other properties and moneys acquired by the Tung Wah Hospital under or by virtue of the provisions of this Ordinance, or hereafter given or bequeathed to the Tung Wah Hospital for the purposes of this Ordinance, shall form a separate fund, which is hereinafter referred to as the Man Mo Temple Fund.
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