Dividends prohibited.
Court,
Council
(3) A contract made according to this section may be varied or discharged in the same manner in which it is authorized by this section to be made.
(4) Instruments under seal made on behalf of the University, sealed with the common seal of the University, signed by the Chancellor or Vice-Chancellor or Treasurer and countersigned by the Registrar, shall be deemed to be duly executed.
7. No dividend or bonus shall be paid and no gift or division of money shall be made by or on behalf of the University to or among any of its members except by way of prize, reward, or special grant.
8. (1) There shall be a Court, a Council and a Senate and Senate, whose respective constitutions, powers, and duties shall be pre-
scribed by this Ordinance and the statutes.
their con-
atitutions,
powers and duties.
(2) The Court shall, subject to the provisions of this Ordin- ance and the statutes, be the supreme governing body of the University.
(3) The Council shall be the executive body of the Univer» sity, and shall provide for the custody and use of the University seal, and subject to the provisions of this Ordinance and the statutes, it shall administer the property and manage the affairs of the University.
(4) Subject to the provisions of this Ordinance and the statutes, and to the financial control of the Council, the Senate shall have the regulation of all matters relating to education in the University.
(s) No act or resolution of the Court, the Council, or the Senate shall be invalid by reason only of any vacancy in, or any want of qualification by or invalidity in the election or appoint-t ment of any member of, any such body.
and
9. (1) There shall be Faculties of Arts, Science, Medicine, Faculties Engineering and Architecture, and such other Faculties as may Institutes. be constituted by the Court on the recommendation of the Council and the Senate. In the Faculty of Arts due provision shall be made for the study of the Chinese language and literature.
(2) There shall be a Board and a Dean of each Fuculty with such powers respectively as may be prescribed by this Ordinance and the statutes.
(3) There shall be an Institute of Oriental Studies whose constitution, powers, and duries shall be as prescribed by the
statutes.
(4) The Court, on the recommendation of the Council and the Senate, may form such other institutes of studies and learning as may from time to time be desirable.
10. (1) There shall be a Convocation of the University, Convoca- whose constitution, powers and privileges shall he as prescribed tion. by the statutes.
(a) Convocation shall have such and so many representa- tives in the Court and on such conditions as may be prescribed by the statutes.
11. For the purpose of advising the Council with regard to Honorary the award of honorary degrees, there shall be an Honorary Degrees
Committee. Degrees Committee which shall consist of such persons as shall be provided by the statutes.
of
12. (1) The Court, the Council, the Senate, and the Board Committees any Faculty respectively may establish such committees as they generally. think fit.
(2) Unless otherwise expressly provided, any committee may consist partly of persons who are not members of the Court, the Council, the Senate or the Board of any Faculty, as the case may be.
(3) Subject to the provisions of this Ordinance and the statutes, the Court, the Council, the Senate, and the Board of any Faculty respectively may, with or without restrictions or conditions as they think fit, delegate any of their powers and duties to any committee.