1959-HKRS28-8-26_Part02 — Page 25

Property. rights and

Uabilities.

Certain

phrase

changed in

Ordinance.

Repeal and replacement

恤

(6) acquire and hold property of all descriptions, and subject to the terms and conditions upon which the same is held and to any by-laws in that behalf, dispose of any such property;

(c) take gifts of property of all descriptions, whether

subject to any special trust or not; and

(d) do all such other acts necessary or expedient to be done for the discharge of the functions of the Authority,

(2) In the discharge of any function the Authority shall be deemed to act in its corporate capacity, and the word "Authority" in this Ordinance shall be construed as a reference to the corporation established by this section.".

3.

All property, rights, obligations and liabilities vested in. acquired or incurred by the Chairman in his capacity as a corporation sole or by the Authority prior to its incorporation under section 2 ør by any member thereof acting in that behalf are transferred to and vested in the Authority in its corporate capacity, in the same mannet as if such corporation had been în existence at the time when such property, right, obligation or liability were vested, acquired or incurred.

4. The principal Ordinance is amended by the deletion wherever

they occur of the phrases "property vested in the Chairman or placed under his control", "property vested in the Chairman", "property held by the Chairman" and "property vested in or controlled by the Chairman" and the substitution therefor of the following-

"property vested in or placed under the control of the Authority".

5. Section 12 of the principal Ordinance is repealed and replaced of section 12, by the following section-

"Execution and authentica- tim of documents.

12. (1) All deeds executed on behalf of the Authority shall be sealed with the seal of the Authority and signed by the Chairman or by such person as he may from time to time delegate for such purpose. A deed shall be deemed to have been duly executed by the Authority in accordance with the requirements of this section and shall have effect accordingly, if it bears the seal of the Authority and the signature of the Chairman, or his delegate and attested by the Secretary for the time being of the Authority.

(2) Any agreement or other document not under seal executed on behalf of the Authority shall be signed by the Chairman, or by such person as he may from time to time delegate for such purpose. Any such agreement or other document shall be deemed to have been duly executed in

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accordance with this section and shall have effect accord- ingly, if it bears the signature of the Chairman or his delegate and attested by the Secretary for the time being of the Authority.".

6. Section 13 of the principal Ordinance is repealed.

Passed the Legislative Council of Hong Kong, this 19th day of August, 1959.

(Secretariat BL1/18/736/50)

Dhappaman

Deputy Clerk of Councils,

Repeal of section 13,