1954-HKRS28-8-21_Part03 — Page 33

Powers of corpora- tion,

Execution

of docu-

ments.

(2) The trustees so appointed shall be a body corporate, hereinafter called the corporation and shall have the name of "The Trustees of the Services Welfare Association" and by that nume shall have. perpetual succession and shall and may sue and be sued in all courts and shall and may have and use a common seal and may break, change, alter and make anew the said seal as to the corporation may seem fit.

(3) The trustees, whether the first trustees or appointed in succession, immediate or otherwise, of any of the first trustees shall be deemed to be the trustees and be members of the corpora- tion upon notice of their appointment and of the retirement of the retiring trustees, if any, whom they shall have been appointed to replace, being filed with the Registrar of Companies.

(4) Any such notice shall be signed by the Commander British Forces or other officer for the time being commanding the British Forces in Hong Kong.

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3. The corporation shall have full 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 situate in this Colony or elsewhere, and also to invest monies on deposit in any bank, either in this Colony or elsewhere, on such terms as may seem expedient to it, or on mortgage of any lands, buildings, messuages or tenements in this Colony or elsewhere, or on the mortgages or debentures, stocks, funds, shares or securities of any corporation or company carrying on business or having an office in this Colony or elsewhere, and also to purchase and acquire all manner of goods and chattels whatso-

ever.

The corporation shall further have power by deed under its seal to grant, sell, convey, assign, surrender and yield up mort- gage, demise, reassign, transfer or otherwise dispose of or deal with any lands, buildings, messuages, tenements, mortgages, debentures, stocks, funds and securities, goods and chattels vested in the corporation on such terms as to the corporation may seem fit.

4. All deeds and other instruments requiring the corporate seal of the corporation shall be sealed with its seal and signed by one of the trustees.

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5. Nothing in this Ordinance shall affect or be deemed to Saving. 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 persons except such as are mentioned in this Ordinance and thuse claiming by, from or under them,

Passed the Legislative Council of Hong Kong, this 6th day of October, 1954-

Deputy Clerk of Councils.

(Secretariat 19/3231/54)