Establishment of corporation.
Common seal,
Certain con- tract) and instruments not required
to be under scal.
Membership of corporation.
Objects of corporation.
2
"board" means the board of directors of the corporation; "committee” means any committee of the corporation established
by or under the constitution:
"constitution" means the constitution of the corporation; “corporation" means the corporation established by section 3: "executive director" means the executive director of the corpora-
tion:
"member agency" means any agency engaged in social welfare work which is a member agency of the corporation in accordance with the constitution;
"president" means the president of the corporation; "vice-president" means a vice-president of the corporation.
PART II.
ESTABLISHMENT OF CORPORATION.
3. There is hereby established a corporation to be called "The Community Chest of Hong Kong (##226)".
4. The corporation shall have a common seal, and the fixing of the seal shall be authenticated by the signatures of the president or a vice-president and of the executive director.
5. Any contract or instrument which, if entered into or executed by a person not being a corporation would not be required to be under seal, may be entered into or executed on behalf of the corporation by any person generally or specially authorized for the purpose by the board.
PART III.
MEMBERSHIP OF CORPORATION.
6. The corporation shall have such members as arc provided for by the constitution.
PART IV.
OBJECTS AND POWERS OF CORPORATION.
7. The objects of the corporation shall be----
(a) to raise funds through a community-wide appeal and to distribute them to member agencies from time to time according to the resolutions of the board.
(b) to raise such funds as may be necessary for its efficient
management; and
(c) to disseminate the idea of a community chest.
8. The corporation shall have full power-
(a) to manage, administer and operate The Community
Chest of Hong Kong:
(b) subject to the provisions of the Charities (Land Acquisi- tion) Ordinance, to acquire, accept leases of, purchase, take or otherwise hold and enjoy any land, buildings. messuages or tenements of what nature or kind soever and wheresoever situate:
(c) to acquire, by purchase or otherwise, goods and chattels
of any kind or description:
(d) to invest moneys on deposit in any bank in the Colony or elsewhere within the British Commonwealth or in any Hong Kong or British Commonwealth government bonds or on mortgage of any land, buildings, messuages or tenements in the Colony, or in or on debentures, deben- ture-stocks, stocks, funds, shares or securities of any corporation or company carrying on business in the Colony or elsewhere within the British Commonwealth; (e) to grant, sell, convey, assign, surrender, yield up, mort- gage, demise, let, reassign, transfer or otherwise dispose of, any land, buildings, messuages, tenements, mortgages, debentures, debenture-stocks, funds, securities, vessels. goods and chattels for the time being vested in the corporation, upon such terms as the corporation may deem fit:
(f) to erect any buildings, messuages or tenements and
effect any improvement thereto;
(g) to borrow money upon such terms as the corporation shall think fit, and to raise money by public or private subscriptions;
(b) 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 for the time being or for carrying into effect the provisions of this Ordinance.
9.
PART V.
MANAGEMENT OF CORPORATION,
Subject to this Ordinance and the constitution, the board shall have the management of the corporation.
Powers of corporation.
Cum. 304.1
Management of corporation vested in board.