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Powers of
Corpora. tion.
Venting of property.
Members.
"BRARY"
4. The Corporation shall have full power- (a) to acquire, by purchase, lease exchange or otherwise,
hold and enjoy land, buildings, messuages tenements of what nature or kind soever in the Colony of Hong Kong; (b) to acquire, by purchase or otherwise, vessels, goods and
chattels of what nature or kind soever;
(c) to invest moneys on deposit in any bank in the Colony or in any government bonds or on mortgage of any land, buildings, messuages or tenements in the Colony, or in or
on debenture, debenture-stocks, stocks, funds, shares or securities of any corporation or company carrying on business in the Colony: (d) to grant, self, convey, assign, surrender, yield up mortgage, demise, let, reassign, transfer or otherwise dispose of, any land, or buildings, messuages, tenements, mortgages, debentures, debenture-stock, funds, securities, vessels, goods and chattels for the tire being vested in the Society, upon such terms as the Society may deem fit; (e) to erect any buildings messuages or tenements and effect
any improvement thereto;
(f) to borrow money upon such terms as the Society shall think fit, and to raise money by public or private subscription;
(g) to enter into any agreement and engage any contractor:
or other agent; and
(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, or the pur poses aforesaid or any of them.
5. The land, buildings, messuages and tenements in the Colony belonging or purporting to belong to the unincorporated Hong Kong Housing Society, and all moneys, securities for money, goods, chattels, and effects whatsoever the property of the unincorporated Hong Kong Housing Society or purporting so to be are hereby transferred to and vested in the Corporation, but subject as regards the said land, buildings, messuages and; tenements, to the payment of the rents and observance and performance of all the covenants, conditions, and reservations contained in the Crown Lease under which the same arc respectively held.
6. The Corporation shall consist of such members provided by its constitution.
1.
members to
All the existing members of the unincorporated Hong Existing Kong Housing Society at the date of the passing of this Ordinance shall be the first members of the Corporation.
9.
become members.
constita.
Kong Housing Society shall be the constitution of the Corporation, tion to
The existing constitution of the unincorporated Hong Existing
but the same may be changed or amended by the Corporation al become any time and from time to time in accordance with the provisions tion of of the constitution for the time being in force.
coustitu-
corporation.
9. A copy of the constitution of the Corporation and of any Filing of Constitu- amendment thereto, and a list of the names and addresses of the tion and members of the executive committed of the Corporation and of any names of amendment thereto, certified in each case as correct by the chairman members. of the executive committee or by the secretary of the Corporation, shall be forwarded to the Registrar of Companies for registration.
executive
tion fee.
10. The Corporation shall pay such fee for registering any Registra- document with any public registry as may be payable under any enactment relating thereto.
11. Any person may inspect any of the documents registered Inspection
And search by the Corporation in pursuance of section 9 hereof, upon payment of such fee as may be payable under any enactment relating
thereto.
fee.
12. All deeds documents and other instruments requiring the Sealing of seal of the Corporation shall be signed by the chairman of the deeds. executive committee and the secretary of the Corporation or by such other person or persons as the executive committee shall from time to time appoint and such signing shall be taken as sufficient evidence of the due sealing of such deeds, documents and other instruments.
afect the rights of His Majesty the King, His Heirs and
13. Nothing in this Ordinance shall affect or be deemed to Saving. Successors, or the rights of any body politic or corporate or of and those claiming by, from or under them. any other person except such as are mentioned in this Ordinance
Passed the Legislative Council of Hong Kong, this 16th day of May, 1951.
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Deputy Clerk of Councils.
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