1949-HKRS28-8-16_Part02 — Page 15

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(5) The provisions of sub-section (3) shall apply notwith- standing that in the case of an instrument executed out of the Colony it shall have been stamped in accordance with the pro- visions of section 17 of the principal Ordinance.

(6) Any person who fails to comply with the provisions of sub-section (4) shall be liable on summary conviction to a fine not exceeding ten thousand dollars and to imprisonment for any term not exceeding one year.

(7) A failure by a person to comply with the provisions of sub-section (3) shall not have the effect of rendering the drawer of the instrument affected, or any holder prior to the person so failing to comply, liable to any penalty of disability.

Passed the Legislative Council of Hong Kong, this 27th day of April, 1949.

Oh. #grand

Deputy Clerk of Councils.

Jm

HONG KONG

No. 18 of 1949.

I gasent.

Малокат

Goverbor

28th April, 1949.

An Ordinance to provide for the incorporation of the President

in Hong Kong of the China Peniel Missionary Society.

[29th April, 1940.]

Be it enacted by the Governor of Hong Kong, with the advice and consent of the Legislative Council thereof:

1. This Ordiunnes may be cited as the China l'eniel Short dide. Missionary Society Incorporation Ordinance, 1949.

2, The President for the time being in Hong Kong of the Incorporation. China Peniel Missionary Society shall be a Corporation sole (hereinafter called the Corporation') and shall have the name of "The President" in Hong Kong of the "China Peniel Missionary Society Incorporated" and by that name shall and may sue and be sued in all courts in this Colony and shall and may have and use a common seat.

a. (1) Subject to the provisions of sub-section (2) the Power of Corporation shall have power to acquire, accept leases of, purchase, Corporation, take, hold and enjoy any lands, buildings, messuages or tenements of what nature or kind soever and wheresoever situated, and also to invest monies upon mortgage of any lands, buildings, messuages or tenements, or upon the mortgages, debentures, stocks, funda, shares or securities of any government, municipality, corporation, or company and also to purchase, acquire, and possess goods and chattels of what nature and kind soever.