Powers of Corporation.
Appointment
2
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 the said Corporation may seem £t.
3. The said Corporation shall administer the funds and securities now respectively representing and bereafter to respectively represent the Chater (Cathedral) Endowinent Fund and the Chater (St. Andrew's Church) Endowment Fund' in accordance with the provisions and directions that aré contained regarding the same in two several/Deeds of Trust dated the 24th day of April 1920 made between the late Sir Catchick Paul Chuter 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 Padl 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) of Trustees. Endowment Fund and the Chater (St. Andrew's) Endowment Fund are Sir Vandeleur Molyneux Grayburn Knight Chief Manager of the Hongkong and Shanghai Banking Corporation and Harold John Armstrong Solicitor both of Victoria in the Colony of Hongkong and they shall for the purposes of this Ordinance bo 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.
Doeumot
(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.
(8) When any other person is appointed to the office of a Trustee of the Chater (Cathedral and St. Andrew's) Endow- ment Funds such person shall within three weeks after hia appointment or within such further time as may be allowed by the Governor furnish to the Governor satisfactory evidence of his appointment.
(4) A Notification in the Gazette under the hand of the Colonial Secretary that such evidence has been furnished to the Governor by such person shall be conclusive evidence of such appointment.
Execution of 5. All deeds documents and other instruments requiring the Seal of the said Corporation shall be sealed in the presence of the Trustees for the time being of the said Funds and signed by them and such signing shall be and be taken as sufficient evidence of the due sealing thereof.
6-(1) All moneys forming part of the Chater (Cathe Transfer of dral) Endowment Fund and the Chater (St. Andrew's Church) property to
Corporation, Endowment Fund respectively invested in the name of the Trustees of the said Funds in loans issued by the Hongkong Government and by the Government of the United Kingdom and moneys placed on fixed deposit or current account with the Hongkong and Shanghai Banking Corporation in the names of the Trustees of the said Funds are hereby transferred to and vested in the said Corporation.
(2) The benefits of the Trustees of the Chater (Cathedral) Endowment Fund as Mortgagees (in possession and otherwise) of and in The Remaining Portion and Subsections 1, 4, 5, 8, 9, 12 and 13 of Section C of Marine Lot No. 239 and all the estates rights titles and interests of the Trustees of the Chater (Cathedral) Endowment Fund in and to the said properties as such Mortgagees as aforesaid are hereby transferred to and vested in the said Corporation,
(3) The benefits of the Trustees of the Chater (St. Andrew's Church) Endowment Fund as Mortgagees of and in Subsection 1 of Section A of Marine Lot No. 267, Subsection 1 of Section B of Marine Lot No. 267 and Kowloon Inland Lots Nos. 3499, 3803 and 3804 and all the estates rights titles and interests of the Trustees of the Chater (St. Andrew's Church) Endowment Fund in and to the said properties as such Mortgagees as aforesaid are hereby transferred to and vested in the said Corporation.
Boring of
the rights of
7. Nothing in this Ordinance shall affect or be deemed to affect the rights of His Majesty His Heirs or Successors of Crown and the rights of any body politic or corporate or of any other of certain parson except such as are mentioned in this Ordinance and POTKOLA. those claiming by from or under them.
Passed the Legislative Council of Hong Kong, this 26th day of June, 1941.
Deputy Clerk of Councils.
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