4
5
Vesting of property.
Existing con stitution to become con- stitution of corporation,
Dividends prohibited.
Execution of documents
Registration,
S
generally to do such other things as may appear to be incidental or conducive to the above objects or for carry- ing into effect the provisions of this Ordinance and the constitution.
7. () On the commencement of this Ordinance, all prop- erty, moneys, securities for money, goods, chattels and effects whatsoever belonging to the unincorporated Hong Kong Baptist College shall be transferred to and become vested in the cor- poration.
(2) On the commencement of this Ordinance, the corpora- tion shall become liable for all debts and liabilities of the un- incorporated Hong Kong Baptist College.
#. The constitution of the unincorporated Hong Kong Baptist College shall be the constitution of the corporation, but the same may be amended in accordance with the constitution. subject to the approval in writing of the Director.
9. The income and property of the College whencesoever derived shall be applied solely towards the promotion of the objects of the College under section 4, and no portion thereof shall be paid or transferred directly or indirectly by way of profit to any person, but nothing herein contained shall prevent the pay- ment in good faith to any employee, servant or other person in return for actual goods, services or expenses,
10. (1) The common seal of the corporation shall not be affixed to any deed, document or instrument except by the authority of a resolution of the corporation.
(2) All deeds, documents and other instruments requiring the common seal of the corporation shall be signed by the President or Vice-President or such other person as the case may be and by one member of the Board designated by the Board and shall be sealed in the presence of the President or Vice-President or of such other person as the Board may from time to time appoint.
(3) All documents and other instruments not requiring the common seal of the corporation shall be signed by the President or Vice-President or such other person as the Board may from time 10 time appoint.
11. (1) The corporation shall forward to the Registrar of Companies for registration the following-
(a) notice of the address of the registered office of the cor-
poration and any change thereto;
(b) a copy of the constitution and any amendment thereto certified as correct by the Chairman or Vice-Chairman;
(c) a list of the names and addresses of the members of the Board and any change therein, certified as correct by the Chairman or Vice-Chairman; and
(d) the name and address of any person appointed under subsection (3) of section 10 to sign documents and other instruments, and any change therein, certified as correct by the Chairman or Vice-Chairman.
(2) Notification in accordance with subsection (1) shall be made within twenty-eight days of the commencement of this Ordin- ance and within twenty-eight days of any amendment, change or appointment, as the case may be.
(3) Any person may inspect any of the documents registered under this section upon payment of such fee as may be prescribed under section 305 of the Companies Ordinance for the inspection of a document.
(4) The corporation shall pay such fees for registering any document with any public registry as may be prescribed under section 304 of the Companies Ordinance for the registration of a document with the Registrar of Companies.
12. Nothing in this Ordinance shall affect or be deemed to affect the rights of Her Majesty the Queen, Her Heirs or Succes- sors, 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.
Passed by the Hong Kong Legislative Council this 13th day of March, 1969.
Deputy Clerk of Councils.
This printed impression has been carefully compared by me with the bill, and is found by me to be a true and correctly printed copy of the said bill.
Deputy Clerk of Councils.
(Secretariat GR 18/3231/67)
(CA. 12.)
(Cap. 12)
Saving.