Incorpora- tion.
Members of the college.
Powers of
corpora- tion.
The chairman and members of the college for the time being shall be a body corporate, hereinafter referred to as the corporation, and shall have the name of "Chung Chi College" 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.
4.
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(1) The members of the college shall be- (a) the members of the Board of Governors;
(b) the members of the College Council;
(c) the members of the Faculty Board;
(d) the teaching staff; and
(e) the students, past and present.
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(2) A member of the college shall continue to be a member so long as he possesses any one of the qualifications set out in subsection (1).
5. (1) The corporation shall have full power
(a) to acquire, by purchase, lease, exchange or otherwise, hold and enjoy land, buildings, messuages, tenements of what nature or kind soever in the Colony or elsewhere; (b) to acquire, by purchase or otherwise, vessels, goods and
chattels of what nature or kind soever;
(c) to invest moneys on deposit in any bank in the Colony or elsewhere or in any government bonds or on mortgage of any land, buildings, messuages or tenements in the Colony or elsewhere, or in or on debenture, debenture stocks, stocks, funds, shares or securities of any corpora tion or company carrying on business in the Colony or elsewhere;
(d) to grant, sell, convey, assign, surrender, yield up, mortgage, demise, let, reassign, transfer or otherwise dispose of, any land, or buildings, messunges, tenements, mortgages, debentures, debenture stock, funds, securities, vessels, goods and chattels for the time being vested in the corporation, upon such terms as the corporation may deem fit;
(e) to erect any buildings messuages or tenements and
effect any improvement thereto;
() to borrow money upon such terms as the corporation shall think fit, and to raise money by public or private subscription; and
(g) generally to do such other things as may appear to be incidental or conducive to the aims and objects of the corporation as provided by its constitution, or the pur- poses aforesaid or any of them.
(2) Notwithstanding the provisions of subsection (1), 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.
*. (1) On the coming into operation of this Ordinance, all Vesting of moneys, securities for money, goods, chattels and effects what property. soever belonging to the unincorporated Chung Chi College shall be transferred to and be and become vested in the corporation.
(2) On the coming into operation of this Ordinance, the corporation shall become liable for all debts and liabilities of the unincorporated Chung Chi College.
constitu
7. The existing constitution of the unincorporated Chung Existing Chi College shall be the constitution of the corporation but the tion to same may be changed or amended by the corporation at any time became con-
stitution and from time to time in accordance with its provisions for the
of corpora- time being in force.
tion.
8. (1) The corporation shall forward to the Registrar of Registra- Companies for registration the following-
tion with Registrar of Com-
(4) notice of the address of the registered office of the college panles.
and any change thereto;
(b) a copy of the constitution and any amendment thereto,
certified as correct by the chairman;
(c) a list of the names and addresses of the members of the Board of Governors of the College, and any change therein, certified as correct by the chairman;