1957-HKRS29-8-24_Part01 — Page 5

Incorpora- tion.

Power of

corpora- tion.

J

3. The Board of Trustees of The United College of Hong Kong shall be a body corporate, hereinafter called "the corporation", and shall have the name "The Board of Trustees of The United College of Hong Kong" and in that name shall have perpetual succession and shall and may sue and be sued in all courts in the Colony and shall and may have and use a common scal, and may from time to time, break, change, alter and make anew the said seal as the corporation may deem fit.

4. The corporation shall have full power-

་་་་་་་་་་་་་

(2) to manage administer and operate The United College

of Hong Kong:

(b) to acquire, accept leases of, purchase, take or otherwise hold and enjoy any lands, buildings, messuages or tenements of what nature or kind soever and wheresoever situate:

:

Provided that the corporation shall not acquire, accept leases of, purchase, take or hold any immovable properly in the Colony unless it shall have previously obtained the consent of the Governor in Council in each case;

(c) to acquire, by purchase or otherwise, goods and chattels

of what nature or kind soever;

(4) to invest moneys on deposit in any bank in the Colony or in any government bonds or on mortgage of any land, buildings, messunges or tenements in the Colony, or în or on debentures, debenture-stocks, stocks, funds, shares or securities of any corporation or company carrying on business in the Calony;

or

(e) to grant, sell, convey, assign, surrender, yield up. mortgage, demise, let, reassign, transfer or otherwise dispose of, any land,

buildings,

messuages, tenements, mortgages, debentures, debenture-stocks, funds, securities, vessels, goods and chattels for the time being vested in the corporation, upon such terms as the corporation may deem fit;

(f) to erect any buildings, messuages or tenements and effect

any improvement thereto;

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(g) to borrow money upon such terms as the corporation shall think fit, and to raise money by public or private subscription; and

(h) 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 for the time being, or the purposes aforesaid or any of them,

5. On the coming into operation of this Ordinance all Vesting of moncys, securities for money, goods, chattels and effects what- property. soever belonging to The United College of Hong Kong are hereby transferred to and vested in the corporation and the cor- poration shall become liable for the debis and liabilities of the said The United College of Hong Kong.

8. The corporation shall consist of such members as shall Members. be provided by its constitution.

to become

7. All the existing members of the unincorporated Board Existing of Trustees of The United College of Hong Kong at the date of members the passing of this Ordinance shall be the first members of the members. corporation,

to become

8. The existing constitution of the unincorporated Board Existing, of Trustees of The United College of Hong Kong shall be the conatitution constitution of the corporation, but the same may be changed or constitution amended at any time and from time to time in accordance with of corpora- its provisions for the time being in force.

tion.

9. (1) The corporation shall forward to the Registrar of Registra- Companies for registration the following-

tion with Registrar of Com-

(a) notice of the address of the registered office of the cor- panies.

poration and any change thereto;

(b) a copy of the constitution and any amendment thereto, certified as correct by the Chairman of the corporation;

(e) a list of the names and addresses of the members of the corporation and any change therein, certified as correct by the Chairman of the corporation; and

(d) the name and address of any person appointed under section to to sign deeds, documents and other instru-

ments.