1960-HKRS28-8-27_Part04 — Page 44

Seal of corporation

and authen- tication thereof, and

executed thereunder.

Pawer of corporation to act as trustee, etc.

Power to invest trist funds. (Cap. 29),

Property of

corporation

to pass to its SUCCESSOIS.

Certificate

as to occupant of corporation.

3.

2

(1) The corporation shall have and may use a common scal and the affixing of the seal shall be authenticated by the signature of the occupant of the corporation for the time being.

(2) Any instrument purporting to be an instrument duly executed under the seal of the corporation shall be received in evidence and sball, unless the contrary is proved, be deemed to be an instrument so executed.

4. The corporation subject to the prior approval of the Colonial Secretary may act as trustee of any trust created for purposes or objects connected with education or with the work of the Education Department and may acquire, take on lease, purchase, hold, hire and enjoy any movable or immovable property and may dispose of the same.

5. (1) The corporation may invest, in accordance with the provi- sions of the Trustee Ordinance, any trust funds in the hands of the corporation whether at the time in a state of investment or not:

Provided that where the occupant of the corporation for the time being considers it impracticable for any reason whatsoever for any such trust funds to be so invested, the corporation may deposit such trul funds in any bank or savings bank approved by the Governor either generally or in any particular case.

(2) The powers conferred on the corporation by subsection (1) are in addition to the powers (if any) conferred by any trust but shall apply only if and so far as a contrary intention is not expressed in any term of any trust, and shall have effect subject to any such term,

6. Where any property or interest therein is vested in the corpora tion, the same shall, unless and until otherwise disposed of by the corporation, pass and devolve to and vest in the successors from time to time of the corporation.

7. If any question arises as to who is or was at any time the occupant of the corporation for the time being, a certificate under the hand of the Colonial Secretary shall be conclusive evidence for all purposes as to the person who is or was such occupant.

Passed the Legislative Council of Hong Kong, this 21st day of September, 1960.

Oh And

(Secretariat GR3/2401/59)

Deputy Clerk of Councils,

HONG KONG

No. 42 of 1960.

I assent.

Governor.

22nd September, 1960.

Au Ordinance to repeal the Light Dues (Babamas and Leeward Islands)

Ordinance, Chapter 79.

[23rd September, [960]

Be it enacted by the Governor of Hong Kong, with the advice and consent of the Legislative Council thereof, as follows--

1. This Ordinance may be cited as the Light Dues (Babamas and Short title. Leeward Islands) (Repeat) Ordinance, 1960.

2. The Light Dues (Bahamas and Leeward Islands) Ordinance Repeal. is repealed.

(Cap. 791.

Passed the Legislative Council of Hong Kong, this 21st day of September, 1960,

Kapra

Deputy Clerk of Councils.

(Secretariat GR51/2524/45)