Powers of
corpora- tion.
Transfer of property.
Execution of deeds.
2
T
World-Wide Evangelistic Mission Incorporated" and in that name shall have perpetual succession and shall and may sue and be sued in all courts in the Colony and shall and may have and
use a common seal.
3. (1) The corporation shall have power to acquire, accept leases of, purchase, take, hold and enjoy any lands, buildings, messuages or tenements of what nature or kind soever and where- soever situate, and also to invest monies upon mortgage of any lands, buildings, messages or tenements or upon the mortgages, debentures, stocks, funds, shares or securities of any government, municipality, corporation, or company and also to purchase, acquire, and possess goods and chattels of what nature and kind
soever.
(2) Notwithstanding the provisions of subsection (c), the corporation shall not acquire any immovable property in the Colony unless it shall have previously obtained the special consent of the Governor in Council in each case.
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(3) The corporation shall further have power by ileed under its seal to grant, sell, convey, assign, surrender, exchange, partition, yield up, mortgage, demise, reassign, transfer or otherwise dispose of any lands, buildings, messuages, tenements, mortgages, debentures, stocks, funds, shares or securities, or other goods and chattels whatsoever, which are for the time being vested in or belonging to the corporation, upon such terms as to the corporation may seem fit.
4. The legal estate in any property whatsoever, transferred to the corporation in any manner whatsoever, shall in the event of death of the President for the time being in Hong Kong of the Ling Liang World-Wide Evangelistic Mission, or in the event of his ceasing to hold office as such President, pass to his successor in such office when appointed.
5. All deeds and other instruments requiring the seal of the corporation shall be sealed in the presence of the person who is for the time being President in Hong Kong of the Ling Liang World-Wide Evangelistic Mission or of his attorney, duly authorized, and such deeds and instruments and all other docu- ments, instruments and writings requiring the signature of the corporation shall be signed by such President or his attorney.
ment of
(1) Whenever any person is appointed to the office of Appoint- President in Hong Kong of the Ling Liang World-Wide Evenge- President. listic Mission, that person shall within three weeks after his appointment or within such further time as may be allowed by the Governor, furnish to the Governor satisfactory evidence of his appointment.
(2) A notification in the Gasette 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.
(3) The appointment of a new President, in the event of death or for any other reason, shall be made by the majority vote at a general meeting of members of the Ling Liang World-Wide Evangelistic Mission in Hong Kong.
7. Nothing in this Ordinance shall affect or be deemed to Saving. affect the rights of Her Majesty the Queen, Her Heirs or Succes- sors, or the rights of any body politic or corporate or of any other persons except such as are mentioned in this Ordinance and those claiming by, from or under them.
Passed the Legislative Council of Hong Kong, this 8th day of June, 1955-
(Secretariat 20/3231/55)
Deputy Clerk of Councils.