1956-HKRS29-8-23_Part02 — Page 13

Powers of 3. (1) The corporation shall have power to acquire, accept corporation. Icases of, purchase, take, hold and enjoy any lands, buildings,

Transfer of property.

Execution of deeds.

Appoint- ment of President.

messuages or tenements of what nature or kind soever and where- soever situate, and also to invest monies upon mortgage of any lands, buildings, messuages or tenements or upon the mortgages, debentures, stocks, funds, 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.

(2) Notwithstanding the provisions of subsection (1), the corporation shall not acquire any immovable property in the Colony unless it shall have previously obtained the special consent of the Governor in Council in each case.

(3) The corporation shail further have power by deed under its seal to grant, sell, convey, assign, surrender, exchange, parti tion, yield up, mortgage, demise, reassign, transfer or otherwise dispose of any lands, buildings, messuages, tenements, mort- gages, debentures, stocks, funds, shares or securities, or other goods and chattels whatsoever, which are for the time being vested in or belonging to the corporation, upon such terms as the corporation may deem fit.

4. The legal estate in any property whatsoever, transferred to the corporation in any manner whatsoever, shall in the event of death of the President for the time being in Hong Kong of the Tsung Tsin Mission of Hong Kong, or in the event of his ceasing to hold office as such President, pass to his successor in such office when appointed.

5. All deeds and other instruments requiring the seal of the corporation shall be sealed in the presence of the person who is for the time being President in Hong Kong of the Tsung Tsin Mission of Hong Kong or of his attorney, duly authorized, and such deeds and instruments and all other documents, instruments and writings requiring the signature of the corporation shall be signed by such President or his attorney.

6. (1) Whenever any person is appointed to the office of President in Hong Kong of the Tsung Tsin Mission of Hong Kong, that person shall within three weeks after his appointment or within such further time as may be allowed by the Governor furnish to the Governor satisfactory evidence of his appointment.

(2) A notification in the Gosette under the hand of the Colonial Secretary that such evidence has been furnished to the Governor by such person shall be conclusive evidence of such appointment.

(3) The appointment of a new President, in the event of death or for any other reason, shall be made by the majority vote at a general meeting of members of the Tsung Tsin Mission of Hong Kong.

7. (1) Notwithstanding the provisions of subsection (2) of Vesting of section 3, all those pieces or parcels of ground specified in the certain pre-

perties. Schedule, together with all rights, easements and appurtenances belonging or appertaining therato or therewith usually held occupied and enjoyed, are hereby transferred to and vested in the corporation for the respective residues of the term or terms of years created by the respective Crown Leases thereof, subject to the payment of the rents and the performance of the covenants and conditions reserved by and contained in the Crown Leases of the same, and subject to such mortgages, charges, leases, tenancies and other agreements and upon such trusts and con- ditions as may be subsisting in respect thereof upon the com- mencement of this Ordinance.

(2) On the coming into operation of this Ordinance all moneys, securities for money, goods, chattels, and effects what- soever belonging to the Tsung Tsin Mission of Hong Kong are hereby transferred to and vested in the corporation and the corporation shall become liable to the debts and liabilities of the said Tsung Tsin Mission of Hong Kong.

6.

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

SCHEDULE.

1. The Remaining Portion of Subsection 3 of Section C of Inland Lot No. 681 and The Remaining Portion of Section D of Inland Lot No. 881.

2. Section A and The Remaining Portion of Subsection 5 of Section B

of Inland Lot No. 881.

3. Inland Lot No. 829.