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CAP. 319]
[s. 1 cont.]
Dividends prohibited.
Court, Council and Senate, their constitutions,
powers and duties.
University.
any person acting under the express or implied authority of the Council;
(c) a contract, which if made between private persons would by law be valid although made by parol only and not reduced into writing, may be made by parol on behalf of the University by any person acting under the express or implied authority of the Council.
(2) A contract made according to this section shall be effectual in law and shall bind the University and its succes- sors and all other parties thereto.
(3) A contract made according to this section may be varied or discharged in the same manner in which it is authorized by this section to be made.
(4) Instruments under seal made on behalf of the University, sealed with the common seal of the University, signed by the Chancellor, Vice-Chancellor or Treasurer and countersigned by the Registrar, shall be deemed to be duly executed.
8. No dividend or bonus shall be paid and no gift or division of money shall be made by or on behalf of the University to or among any of its members except by way of prize, reward or special grant.
9. (1) There shall be a Court, a Council and a Senate, whose respective constitutions, powers and duties shall be as prescribed by this Ordinance and the statutes.
(2) The Court shall be the supreme governing body of the University and, subject to the provisions of this Ordin- ance and the statutes, shall have the general direction of the University, its functions, property and affairs.
(3) The Council shall be the executive body of the University, and shall have the custody and use of the Univer- sity seal; subject to the provisions of this Ordinance and the statutes, it shall administer the property and manage the affairs of the University.
(4) Subject to the provisions of this Ordinance and the statutes and to the financial control of the Council, the Senate shall have the regulation of all matters relating to education in the University.
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University.
(5) Subject to the provisions of sections 7 and 12, the Court may, if it thinks fit, revoke any decision of the Council or of the Senate.
(6) No act or resolution of the Court, the Council or the Senate shall be invalid by reason only of any vacancy in, or any want of qualification by or invalidity in the election or appointment of any member of, any such body.
[CAP. 319
10. (1) There shall be faculties of medicine, engineering, Faculties, science and arts, and such other faculties as may be con- stituted by the Court on the recommendation of the Council. In the arts faculties due provision shall be made for the study of the Chinese language and literature.
(2) There shall be a board and a Dean of each faculty with such powers respectively as may be prescribed by this Ordinance and the statutes.
committee.
11. (1) For the purpose of advising the Court with Honorary respect to the award of honorary degrees there shall be an degrees honorary degrees committee which shall consist of such per- sons as shall be provided by the statutes.
(2) No honorary degree shall be awarded save on the recommendation of the honorary degrees commitee.
(3) For the purpose of assisting the Council in financial Finance matters there shall be a finance committee which shall consist committee.
of such persons as shall be provided by the statutes and with-
out the previous approval of which-
(a) no expenditure shall be incurred or made by or on
behalf of the University;
(b) no moneys belonging to the University shall be
invested;
(c) no immovable property shall be dealt with in any
manner by or on behalf of the University;
(d) no money shall be borrowed by or on behalf of the
University.
(4) For the purpose of giving advice and assistance to Committees the Court, the Council, the Senate and the board of any generally, faculty in connexion with the exercise of their powers and duties, the Court, the Council, the Senate and the board of
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