[Subsidiary]

CAP. 1074] Hoseinee Society of Hong Kong Rules

AUDITORS

[1986 Ed.

Resolution of 12.11.73.

8. There shall be one or more auditors of the corporation who shall be elected annually at the annual general meeting.

9. The auditor or auditors shall not later than 3 weeks before the annual general meeting in each year audit and report upon all accounts and books of the corporation and shall at any other time if and when required by the committee audit and report upon any of such books and accounts.

10. All the accounts and books of the corporation shall be open to inspection by the auditor or auditors at all reasonable times.

BANKERS

11. The bankers of the corporation shall be The Hongkong and Shanghai Banking Corporation or such other bankers as the committee shall from time to time determine.

12. All subscriptions and pecuniary donations and the income of investments and all other moneys from time to time forming part of the general funds of the corporation shall on the same being received be paid to the general accounts of the corporation at their bankers.

13. Cheques shall be drawn on the order of the committee and shall be signed jointly by any 2 persons so authorized by the committee.

INVESTMENTS

14. All moneys standing to the credit of the corporation shall be invested by the committee in the corporate name of the corporation upon the investments authorized in the Ordinance and any such investments from time to time may be sold and the proceeds thereof invested in other such investments as aforesaid as and when the committee shall direct.

CITATION

15. These rules may be cited as the Hoseinee Society of Hong Kong Rules.

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