1
hort title.
mendment of bọtion 20 of
A BILL
entitled
Enclosure
1.
2.0
23129
253
REC
An Ordinance to amend the Hongkong and Shanghai Bank
Ordinance 1866.
Be it enacted by the Governor of Hongkong with
the advice and consent of the Legislative Council
thereof as follows:
1. This Ordinance may be cited as the Hongkong and
Shanghai Bank Amendment Ordinance 1914, and shall be read
and construed as one with the Hongkong and Shanghai Bank
Ordinance 1866 (hereinafter referred to as the Principal
Ordinance) and the Principal Ordinance and this Ordinance
may be cited together as the Hongkong and Shanghai Bank
Ordinances 1866 and 1914.
2.
Section 20 of the Principal Ordinance is hereby amend-
rdinance No.2 ed by the deletion of the words "to take and accept any
1866.
"lands, houses, or other real or personal property in
"satisfaction, liquidation, or payment of any debt absolute
"ly and bona fide previously due and owing to the ompany,
"and also to take any mortgage or other lien or charge on
"real or personal property as a security for any monies
"actually and bona fide previously due to the company or
*for which any person may have rendered himself liable to
*the company, and to hold such lands, houses and other real
"and personal property respectively for such reasonable
"time as may be necessary for selling and disposing of and
*converting the same into money" and by the substitution
therefor of the following words:- "To take, accept,
"enforce, release, realize or deal with any security now
"held or which may hereafter be held by the company for any
"moneys owing or to become owing to the company, or for any
*liabilities incurred or to be incurred towards or by the
"company by way of mortgage, pledge, hypothecation, deposit
"or otherwise howsoever of every kind of property or rights.