1951-HKRS28-8-18_Part01 — Page 28

Power of the corporation.

Vesting of property and rights.

Execation of documenta.

Interna) manage- ment.

Saving of the rights of the Crown,

succession and shall and may sue and be sued in all courts in the Colony and shall and may have and use a common seal.

4. (1) 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 situated in this Colony, and also to fuvest moneys upon mortgage of any lands, buildings, messages or tenements in this Colony or upon the mortgages, debentures, stocks, funds, shares! or securities of any corporation óir company carrying on businest or having an office in this Colony and also to purchase and acquic goods and chattels of what nature or kind 'soever..

(2) The corporation shall further have power by deed und its seal to grant, sell, convey, assign, surrender, exchang partition, yield up, mortgage, demise, reassign, transfer or othe wise dispose of any lands, buildings, messuages, tenement, mortgages, debentures, stocks, securities, goods or chattels veste in the corporation on such terms as to the corporation may séci Gt.

5. All property, goods and chattels, and all rights which immediately before this Ordinance belonged to or vested in the members of the Society as such, or in any person in trust for or on behalf of such members, are hereby transferred to and vested in the corporation.

6. All deeds, documents and other instruments requiring the seal of the corporation shall be sealed with its common senj in the presence of three officers of the corporation and shall als be signed by them and all instruments and documents requiring the signature of the corporation shall be signed by three officers) of the corporation.

All matters of internal management shall be settled and carried out in accordance with the constitution.

8. Nothing in this Ordinance shall affect or be deemed to affect the rights of His Majesty the King, His Heirs and Successors or the rights of any body politic or corporate or of any other person except such as are mentioned in this Ordinance and those claiming by, from or under them.

HONG KONG

No. 9 OF 1951.

1 assent.

GA 29th March, 1951.

An Ordinance to authorize the appropriation of a supple- mentary sum of eleven million five hundred and sixty-five thousand six hundred and ninety-nine dollars to defray the charges of the financial year ending 31st March, 1950.

[30th March, 1951.]

WHEREAS it has become necessary to make further provision for the public service of the Colony for the financial year ending 31st March, 1950, in addition to the charge upon the revenue of the Colony for the service of the said financial year already provided for.

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

1. This Ordinance may be cited as the Supplementary Short title.

Passed the Legislative Council of Hong Kong, this 21st day Appropriation for 1949-50 Ordinance, 1951.

of March, 1951.

Deputy Clerk of Councils.

2. A sum of eleven million five hundred and sixty-five Appropria- thousand six hundred and ninety-nine dollars is hereby charged tion. upon the revenue and other funds of the Colony for the service