Dutics and powers of
corporation.
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(b) with leave of the court in which such judgment was
given or order made, against any owner.
(2) An application for leave under paragraph (b) of sub- section (1) shall be made by summons served personally upon the owner against whom execution is sought.
18. (1) The corporation shall--
(a) maintain the common parts and the property of the cor- poration in a state of good and serviceable repair and clean condition:
(b) carry out such work as may be ordered or required in respect of the common parts by any public officer or public body in exercise of the powers conferred by any Ordinance:
(c) do all things reasonably necessary for the enforcement of the obligations contained in the deed of mutual covenant (if any) for the control, management and administration of the building.
(2) A corporation may, in its discretion-
(a) engage and remunerate staff for any purpose relating to the powers or duties of the corporation under this Ordin- ance or the deed of mutual covenant;
(6) retain and remunerate accountants for the purposes of auditing the corporation's books of accounts and pre- paring the annual income and expenditure accounts and balance sheets;
(c) retain and remunerate a manager or other professional trade or business firm or person to carry out on behalf of the corporation any of the duties or powers of the corporation under this Ordinance or the deed of mutual covenant;
(d) insure and keep insured the building or any part thereof to the reinstatement value thereof against fire and other risks;
(e) purchase, hire or otherwise acquire movable property for use by the owners in connexion with their enjoyment of the common parts or to satisfy any requirement of a public officer or public body for the purpose of any Ordinance;
(f) establish and maintain lawns, gardens and playgrounds
on the common parts;
(g) act on behalf of the owners in respect of any other matter in which the owners as tenants in common have a joint interest or liability.
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19. If a deed of mutual covenant provides that if an owner fails to pay any sum which is payable under the deed of mutual covenant, a person may sell that owner's interest in the land or register a charge against such interest in the Land Office, then, notwithstanding the provisions of the deed of mutual covenant, the corporation may, to the exclusion of such person, exercise such power of sale or register such charge in the same manner and subject to the same conditions as if it were the person re- ferred to in the deed of mutual covenant.
20. (1) A corporation shall establish and maintain a general fund.......
(a) to defray the cost of the exercise of its powers and the performance of its duties under the deed of mutual covenant (if any) and this Ordinance; and
(b) to pay Crown rent, premiums, taxes or other outgoings which are payable in respect of the building as a whole.
(2)
fund-
(a)
A corporation may establish and maintain a contingency
to provide for any expenditure of an unexpected or urgent nature; and
(b) to meet any payments of the kind specified in sub- section (1) if the fund established thereby is insufficient to meet them.
21. (1) A management committee shall determine the amount to be contributed by the owners to the fund established and maintained under section 20 during such period, not exceed- ing twelve months, as the management committee specifies.
(2) Subject to subsection (1) of section 14 and to subsection (3), a management committee shall not increase the amount de- termined in accordance with subsection (1).
(3) A management committee may increase the amount re- quired to be contributed by the owners to the extent to which the funds established and maintained under section 20 are insufficient to meet any payment due by the corporation in respect of the cost of complying with-
(a) an order of a court; or
(b) any notice, order or other document served upon the corporation in relation to the common parts by a public officer or public body under any Ordinance.
Corporation
may sell or register charges against Aat in certain
circumstances.
Establishment of funds.
Contributions
Lo funds.