Powers.
(23 of 1958).
Vesting in succession
Seating of dearts.
Pawer to
tiens, method
3. (1) Subject to the provisions of the Charities (Land Acquisi- tion) Ordinance 1958, 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 moneys upon mortgage of any lands, buildings, messuages or tenements, or upon the mortgages, debentures, stocks, funds, shares or securities of any government, municipality, cor- poration, or company and also to purchase, acquire and possess goods and chattels of what nature and kind soever.
(2) The Corporation shall further have power by deed 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, vested in the Cor- poration in any manner whatsoever, shall, in the event of death of the Director, or in the event of bis ceasing to hold office as such Director pass to his successor in such office subject to compliance with subsec- tion (2) of section 7.
5. All deeds and other instruments requiring the seal of the Corporation shall be sealed in the presence of the Director or of his attorney duly authorized, and such deeds and instruments and all other documents, instruments and writings requiring the signature of the Cor- poration shall be signed by the Director or his attomey,
6. (1) The Corporation may, with the approval of the Registrar make regula of Companies, make regulations for its internal management and control, (2) No addition, alteration or amendment shall be made to or in the regulations for the time being in force unless the same shall have been previously submitted to and approved by the Registrar of Companies.
of amendment and the certification
and deposit thereof.
Appointment of new
Director and registration with the Registrar of Companics.
(3) A copy of the regulations certified as correct by the Director and sealed with the common seal of the Corporation shall be deposited and filed with the Registrar of Companies, and whenever such regula- tions are altered a copy thereof as altered and certified as aforesaid shall also be forthwith deposited and filed with the said Registrar,
7. (1) The appointment of a new Director in the event of death or for any other reason shall be subject to the approval of the Registrar of Companies and be made in accordance with the regulations of the Universities Service Centre.
(2) Within three weeks of the commencement of the Ordinance or within such further period as the Governor may allow and whenever
3
thereafter any person is appointed to the office of Director within the same period or extended period after such appointment, the Director sball furnish to the Registrar of Companies notice of his appointment and evidence thereof to the satisfaction of such Registrar, and shall then and within three weeks of any change of address, furnish to such Registrar particulars of his place of residence or other sufficient address within the Colony.
(3) A notification in the Gazette under the hand of the Registrar of Companies that such notice and evidence have been furnished by such person to and accepted by the Registrar of Companies shall be conclusive evidence of such appointment and of the approval of the Registrar of Companies as required by subsection (1).
(4) There shall be payable to the Registrar of Companies a filing fee of five dollars in respect of every document required to be registered or deposited with the Registrar under this Ordinance and a fee of one dollar in respect of each search of the file.
8. Nothing in this Ordinance shall affect or be deemed to affect Saving the rights of Her Majesty the Queen, Her Heirs or Successors, 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.
This primed impression has been carefully compared by me with the Bill which passed the Legislative Council on the 25th day of February, 1965, and is found by me to be a true and correctly printed copy of the said Bill.
Deputy Clerk of Councils.
(Secretariat SCR29/2041/63)