2
3
Power of corporation.
Vesting of
property.
succession and may sue and be sued in all courts in the Colony and shall have and may use a common seal.
4.
The corporation shall have full power—
(a) to manage, administer and operate St. Paul's Co-educational
College;
(b) to acquire, accept leases of, purchase, take or otherwise hold and enjoy any land, 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 property in the Colony unless it shall bave previously obtained the consent of the Governor in Council in each case;
(c) to acquire, by purchase or otherwise, goods and chattels of any
kind or description:
(d) to invest moneys on deposit in any bank in the Colony or
elsewhere within the British Commonwealth or
in any Hong Kong or British Commonwealth government bonds or on mortgage of any land, buildings, messuages or tenements in the Colony, or in or on debentures, debenture-stocks, stocks. funds, shares or securities of any corporation or company carrying on business in the Colony or elsewhere within the British Commonwealth;
(e) to grant, sell, convey, assign, surreader, yield up, mortgage, demise, let, reassign, transfer or otherwise dispose of, any land, buildings, messuages, tenements, mortgages, debentures, debenture-stocks, 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;
(g) to borrow money upon such terms as the corporation shall think fit, and to raise money by public or private subscription, and
V generally to do such other things as may appear to be incidental or conducive to the aims and objects of the cor- poration as provided by its constitution for the time being, or for carrying into effect the provisions of this Ordinance.
5. All moneys, securities for money, goods, chattels, and effects whatsoever belonging or purporting to belong to the unincorporated St. Paul's Co-educational College are hereby transferred to and vested in the corporation.
6.
The corporation shall consist of such members as shall be Members. provided by its constitution.
7. All the existing members of the unincorporated Council of Existing St. Paul's Co-educational College at the date of the Commencement of members this Ordinance shall be the first members of the corporation.
to become members.
8. The constitution of the unincorporated Council of St. Paul's Existing Co-educational College in operation at the commencement of this constitution Ordinance shall be the constitution of the corporation :
to become constitution of corpora.
Provided that the same may be changed or amended by the doc. corporation from time to time in the manner provided by the constitu- tion for the time being in operation.
9. (1) The corporation shall forward to the Registrar of Com- Registration panies for registration the following-
with Registrar of (a) notice of the address of the registered office of the corporation Companies,
and any change thereto;
(b) a copy of the constitution and any amendment thereto, certified
as correct by the chairman of the corporation:
(c) a list of the names and addresses of the members of the cor- poration 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
10 to sign deeds, documents and other instruments,
(2) Notification in accordance with subsection (1) shall be made within twenty-eight days of the commencement of this Ordinance or within twenty-eight days of any amendment or change, as the case may
be
(3) Any person may inspect any of the documents registered under this section, upon payment of such fees as may be payable under any caactment relating thereto.
(4) The corporation shall pay such fee for registering any docu- ment with any public registry as may be payable under any enactment relating thereto.
10. All deeds, documents and other instruments requiring the seal Sealing of of the corporation shall be signed by the chairman and the secretary deeds. of the corporation or by such other person or persons as the corpora- Lion shall from time to time appoint and such signing shall be taken as sufficient evidence of the due scaling of such deeds, documents and other instruments.
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