57
CAP. 316]
(s. 2 cont.]
Powers of corporation.
Appointment of trustees.
G.N.1212/50.
Trustees of the Chater (Cathedral and St. Andrew's) Endowment Funds Incorporation.
have the name "The Trustees of the Chater (Cathedral and St. Andrew's) Endowment Funds" and by that name shall have perpetual succession and shall and may sue or be sued in all courts in this Colony and shall and may have and use a common seal and the said seal may break, change, alter and make anew as to the said corporation may seem fit.
3. The said corporation shall administer the funds and securities now respectively representing and hereafter so to represent the Chater (Cathedral) Endowment Fund and the Chater (St. Andrew's Church) Endowment Fund in accord- ance with the provisions and directions that are contained egarding the same in two several deeds of trust dated the 24th day of April, 1920, made between the late Sir Catchick Paul Chater of the one part and Newton John Stabb and John Scott Harston of the other part and the 29th day of April, 1925, made between the said Sir Catchick Paul Chater of the one part and the said John Scott Harston and Arthur Howard Barlow of the other part and shall have the same powers and authorities over such funds and securities as are mentioned and contained in the said two deeds of
trust.
4. (1) The present trustees of the Chater (Cathedral) Endowment Fund and the Chater (St. Andrew's) Endow- ment Fund are Harold John Armstrong of Victoria in the Colony, Solicitor, and the Hongkong and Shanghai Bank, Hong Kong (Trustee) Limited and they shall for the purpose of this Ordinance be deemed to be the trustees of the Chater (Cathedral and St. Andrew's) Endowment Funds until the appointment of some other person or persons as such trustee or trustees as aforesaid.
(2) In the event of the death or retirement from the office of trustee of the Chater (Cathedral and St. Andrew's) Endowment Funds of any trustee the survivor or remaining one of them shall have power by writing under his hand to appoint a successor to the office of a trustee of the Chater (Cathedral and St. Andrew's) Endowment Funds in the place of the one so dying or retiring from that office and any person so appointed shall be deemed to be a trustee of the Chater (Cathedral and St. Andrew's) Endowment Funds.
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