Execution of deeds,
Vesting.
(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 con- sent of the Governor in Council in each case.
(3) The corporation shall further have power by deed under its seal to grant, sell, convey, assign, surrender, exchange, partition, yield up, mortgage, pledge, demise, reassign, transfer or otherwise dispose of any lands, buildings, messuages, tenes ments, 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 the corporation may deem fit.
8. All deeds, documents and other instruments requiring the seal of the corporation shall be sealed in the presence of any three of the following officers, namely-
(c) the Chairman ;
(b) the Vice-Chairman;
(c) the Honorary Secretary; and
(d) the Honorary Treasurer,
and shali also be signed by the same three officers so present, and such signing shall be taken as sufficient evidence of the due sealing thereof.
(1) All the right, title, benefit and interest of Lam Chi Fung and Mor Hing Shung, as surviving Trustees for the unincorporated Munsang College, of and in all that piece or parcel of ground known and registered in the Land Office as New Kowloon Inland Lot No. 2651, together with all rights, easements and appurtenances thereunto belonging or appertain- ing, shall upon the registration by the corporation in the Land Office of a Memorial of this Ordinance be transferred to and be vested in the corporation, subject to the payment of the Crown rent reserved by, and the performance and observance of the terms and conditions contained in, certain Conditions of Exchange deposited and registered in the Land Office as Conditions of Exchange No. 3879, under which the said piece or parcel of ground is now held, and subject also to such mortgages, charges, leases, tenancies and other agreements, and upon such trusts, conditions and stipulations, as may be subsisting in relation thereto upon the commencement of this Ordinance.
(2) On the coming into operation of this Ordinance-
(a) all property and effects belonging to the unincorporated Munsang College and vested in the Council or in any trustees for it at such time shall be transferred to and become vested in the corporation; and
(b) the corporation shall become liable for all debts and liabilities of the unincorporated Munsang College, or incurred on its behalf by its Council or of any trustees for it.
10. (0) The Council may from time to time by resolution Power to passed, in accordance with the rules made under this section,
ot a meeting convened for the purpose make such rules as the Council may at its discretion deem desirable for-
(a) the administration or management of the corporation; (b) the management of the corporation's premises and
property of whatever description ;
(c) the holding of meetings of the Council and the conduct
of business thereal; and
(d) such other matters as may be deemed necessary for the better administration or management of the corporation and its promises and properties.
(a) The cules in the Schedule shall be in force except in so far as they may be amended by rules made under this section.
make rules.
11. (1) The corporation shall send to the Registrar of Registra Companies for registration-
tion with Registrar of Com-
(a) notice of the address of the principal office of the corpora- panics.
tion and any change thereof;
(b) a copy of all rules made under the provisions of section 10, certified as correct by the Chairman of the corpora- tion;
(c) a list of the names and addresses of the Chairman, Vice- Chairman, Honorary Secretary, Honorary Treasurer and other members of the Council, and any change therein, certified as correct by the Chairman of the corporation.