1962-HKRS28-8-29_Part01 — Page 17

(2) Subject to the provisions of this Ordinance, the Authority may, with the approval of the Governor, and shall, if so directed by the Governor, exercise all or any of the powers conferred by this section or otherwise con- ferred by this Ordinance.

(3) The Authority shall bave the following powers- (a) to acquire and hold property of any description. 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; (b) to construct new houses, hostels or flats, together with premises or structures ancillary thereto, in the Colony for the provision of the accommoda- tion referred to în subsection (1) and to acquire, alter, enlarge, improve, repair or demolish houses or buildings for the purpose of providing such accommodation:

(c) to construct, acquire, alter, enlarge, improve any temporary buildings which may be, or may be made, suitable for residential purposes;

(d) to provide fixtures, fittings or furniture in houses, hostels or other buildings acquired by or under the control of the Authority, and to let, lend or hire such fixtures, fittings or furniture on such terms and conditions as to payment or otherwise as the Authority may think fit; (e) to manage any housing accommodation, together with any premises, structures and grounds ancillary thereto, provided by or otherwise under the control of the Authority and to promote the welfare and comfort of the tenants or occupiers thereof:

(f) to develop land and to lay out streets, roads and open spaces for the purpose of providing such housing accommodation or in connexion there- with:

(g) to undertake and execute any lawful trust which has for its object the furtherance of the provision of such housing accommodation in the Colony or any other object similar or incidental to any of the purposes of the Authority;

() to accept gifts and donations whether of property or otherwise and whether subject to any special

trust or not;

Property wepped in the Crown.

3

() to do all such other acts as are reasonably neces- sary for the exercise or performance of all or any of the powers or duties of the Authority under this Ordinance and to perform any other function which is incidental or conducive to the attainment or furtherance of the purposes of the Authority in accordance with the provisions of this Ordinance.

(4) The policy of the Authority shall be directed to securing that, in any period of three successive financial years after the 1st day of April, 1959, its revenues shall not be less than sufficient to meet all its outgoings other than those properly chargeable to capital account.

5. The Governor may by order vest in the Authority the control and management of any property which is vested in the Crown.".

3. Section 11 of the principal Ordinance is repealed and replaced Repeal and by the following section-

replacement of vection

"Incorpora~ Lion.

11. (1) The Hong Kong Housing Authority shall be 11, a body corporate with perpetual succession and a common scal and, for the purposes of this Ordinance, with a capacity to acquire and bold land without licence under (23 of 1958) the Charities (Land Acquisition) Ordinance, 1958, and to sue and be sued in the corporate name of the Hong Kong Housing Authority.

(2) In the exercise of any power or the discharge of any duty under this Ordinance 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.". This printed impression has been carefully compared by me with the Bill which passed the Legislative Council on the 28th day of February, 1962, and is found by me to be a true and correctly printed copy of the said Bil).

(Secretariat CR18/736/501V)

The Arm

Deputy Clerk of Councils,