1967-HKRS28-8-34_Part03 — Page 24

(Cap. 1027.)

Incorpora- tion.

Power of Corporation.

(Max. 305.)

2

"Hop Yai Church" means the Hop Yat Church of The Church of Christ in China taken as a whole which shall include all its churches schools and other establishments and their respective members for the time being: "ministers" and "preachers" respectively mean the ministers and preachers for the time being employed by the Hop Yat Church; "Properties Management Committee" means the Properties Management

Committee for the time being of the Corporation;

"repealed Ordinance" means the Hop Yau Tong Church of Christ Hong

Kong Incorporation Ordinance;

"Upit Church" means a church establishment of the Hop Yat Church.

3. The Council of Representatives for the time being of the Hop Yat Church of The Church of Christ in China shall be a body corporate, hereinafter called "the Corporation", and shall have the name "The Council of Representatives of Hop Yat Church of the Church of Christ in China" and in that name shall have perpetual succession and may sue and be sued in all courts and tribunals in the Colony and shall have and may use a common seal, 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-

(a) to manage, administer and operate the Hong Kong Hop Yat Church, the Kowloon Hop Yat Church, the Kowloon Hop Yat Church School, the Hop Yat Church Kindergarten and the Hop Yat Church Kai Chi School;

(b) to establish, manage, administer and operate any clinic or clinics, hospital or hospitals, church or churches, school ar schools or educational or charitable institution or institutions as the Corporation shall think fit:

(c) subject to the provisions of the Charities (Land Acquisition) Ordinance, 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;

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

what nature or kind soever;

(e) to invest moneys on deposit in any bank in the Colony or in any 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:

3

(f) to grant, sell, convey, assign, surrender, yield up, mortgage, demise, let, reassign, transfer or otherwise dispose of, any land, buildings, messuages, tenements, mortgages, debentures, deben- ture-stocks, stocks, funds, shares, securities, vessels, goods or chattels for the time being vested in the Corporation, upon such terms as the Corporation may deem fit:

(g) to act as custodian trustce or manager of any property or fund

for any charitable purpose:

(h) to accept gifts, donations and endowments for all or any of the

purposes of the Corporation;

(1) to subscribe to and to grant donations for any charities or

educational purposes:

() to develop either alone or jointly with other or others and tum to account any land acquired by the Corporation or in which it is interested, and in particular by laying out and preparing the same for building purposes, constructing, altering, pulling down, decorating, maintaining, fitting up, and improving build- ings, and by planting, paving, draining, farming, cultivating and letting on building lease or building agreement, and by advancing money to and entering into contracts and arrange- ments of all kinds with builders, developers, contractors, land investment companies, land mortgage companies, building estate companies, banks, financiers, owners, lesseos, tenants and others, in such manner or on such terms and conditions as the Corporation shall deem fit or expedient and to apply for and obtain exclusion orders vader the Landlord and Tenant Ordio- ance, and to agree and pay such compensation as the Tenancy (cap. 255> Tribunal may recommend or order:

(A) to borrow money upon such terms as the Corporation shall think fit, and to raise money by public or private subscription: and

(D) generally to do such other things as many appear to be inciden- tal or conducive to the aims and objects of the Corporation.

5. On the commencement of this Ordinance—

Vesting of property.

(a) all those pieces or parcels of ground specified in the second

column of the Schedule, together with all rights, easements Semdur and appurtenances thereto belonging, shall vest in the Car- poration for the unexpired residue of the respective terms of years created by the Crown leases and Conditions of Grant specified opposite thereto in the third colume of the Schedule, subject to payment of the rent and performance of the