M..
(2) The members of the Board of Directors shall be appointed in accordance with the Constitution and shall for the time being be deemed to be members of the Corporation upon notice of their appointment, and where such appointment is made to replace a retiring member of the Board of Directors, upon 4 notice in addition of such retirement, being filed with the Registrar
of Companies.
(3) Any such notice shall be sigued by two of the contiuning and/or retiring members and shall be sealed with the common seal of the Corporation,
(4) The Corporation shall (subject to compliance with sub-sections 2 and 3 of Section 3 of this Ordinance) consist of the persons holding office at the date of this Ordinance coming into force, as members of such Board of Directors and hereafter of the persons for the time being duly elected and appointed in place of the above or any of them as their successore in accordance - with the Constitution.
the Corpora-
4. (1) The Corporation shall have power to acquire accept Powers of leases of, purchase, take, hold and enjoy any lands, buildings, Пікад messuages or tenements of what notare or kind soever and wheresoever aituate in this Colony, and also to invest moneys upon mortgage of any lands, buildings, messuages or tenements in this Colony or upon the mortgages, debentures, stocks, funds, shares or securities of any corporation or company carrying on business or having an office in this Colony and also to purchase and acquire all goods and chattels of what nature or kind soever.
(2) The Corporation shall have power to graat, sell, convey, assign, surrender, exchange, partition, yield up, mortgage, demise, reassign, transfer or otherwise dispose of any lands, buildings, messuages or tenemente, mortgages, debentures, stocks, securities, goods and chattels vested in the Corporation on such terms as to the Corporation may seem fit.
5. All deeds documents and other instruments requiring the Seal. seal of the Corporation shall be sealed with its common seal in the presence of three members of the Board of Directors and shall also be signed by them, and such signing shall be taken as sufficient evidence of the due sealing of such deeda documents and other instruments.
the Ceara
6. Nothing in this Ordinance shall affect or be deemed to Saving of affect the rights of His Majesty the King, His Heirs and Successora right of or the rights of any body politic or corporate or of any other person and of except such as are mentioned in this Ordinance and those claiming certain other by, from or under them.
rights.
Passed the Legislative Council of Hong Kong, this 20th day of October, 1948.
Startis Jody
Deputy Clerk of Councils.