HONG KONG.
No. 4 of 1932.
I assent.
W. PEEL,
L.S.
Governor.
26th February, 1932.
An Ordinance to amend the Po Leung Kuk Incorporation
Ordinance, 1893.
[26th February, 1932.]
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 Po Leung Kuk Short title. Incorporation Amendment Ordinance, 1932.
Ordinance
2. Section 2 of the Po Leung Kuk Incorporation Ordin- Additions to ance, 1893, is numbered as sub-section (1) thereof and the following sub-sections are added thereto :-
(2) The Society shall have power to invest moneys upon mortgage of any lands, hereditaments, 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 vessels and other goods and chattels of what nature and kind soever.
(3) The Society shall have power, with the consent in writing of the Governor, to grant, sell, convey, assign, surrender, exchange, partition, yield up, mortgage, transfer, or otherwise dispose of, or to let or demise for any period exceeding three years, any lands, buildings, messuages, or tenements, which are for the time being vested in or belong- ing to it. In any such transaction the signature of the Governor endorsed on the document or documents by means of which the transaction is effected shall be sufficient evidence that such consent was given.
(4) The Society shall have power to let or demise for any period not exceeding three years, upon such terms as it may deem fit, any lands, buildings, messuages or tenements, which are for the time being vested in or belonging to it.
(5) The Society shall have power to sell, convey, assign, surrender, exchange, partition, yield up, mortgage, demise, reassign, transfer or otherwise dispose of, upon such terms as it may deem fit, any debentures, stocks, funds, shares, securities, vessels, or other goods or chattels, which are for the time being vested in or belonging to it.
No. 6 of 1893. s. 2.
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