1967-HKRS29-8-34_Part01 — Page 34

Membership of Associa- tion.

together with all erections and buildings thereon and together with all rights, casemearts and appurtenances thereto belonging vested in the former Association shall from the commencement of this Ordinance be vested in the Association absolutely subject to and with the benefit of the respective Conditions of Grant under which the same are held from the Crown.

(2) All that one equal undivided share of in and to all those pieces or parcels of land situate at Kowloon in the Colony of Hong Kong and respectively known and registered in the Land Office as Sections B, C, D and E of New Kowloon Inland Lot No. 2506 together with the buildings erected thereon known as Blocks "B" and "C" Kent Court and together with all rights, easements and appurtenances thereto belonging vested in the former Association shall from the conumchce- ment of this Ordinance be vested in the Association for the unexpired residue of the term of years created by the Crown Lease of New Kowloon Inland Lot No. 2505 subject to and with the benefit of a Lease dated the 27th July 1962 registered in the Land Office by Memorial No. 380180 and subject to and with the benefit of a Manage- ment Agreement dated the 8th February 1961 registered in the Land Office by Memorial No. 333997 as varied by a Supplemental Agree- ment dated the 8th March 1962 and registered in the Land Office by Memorial No. 363165 so far as the same relate to the premises hereby transferred and subject also to the proviso for redemption contained in a Mortgage dated the 20th January 1964 registered in the Land Office by Memorial No. 425221,

(3) All debeatures, stocks, funds, shares, securities, vessela, goods, chattels and other movable assets vested in or belonging to or held for or on behalf of or in trust for the former Association and all moneys subscribed for the purposes of the former Association and all invest- ments of such moneys and all interest, income and profits arising from such investments and all securities therefor shall, at the commencement of this Ordinance, be transferred to, vest in, belong to or be held for or on behalf of or in trust for the Association.

(4) All contractual and other rights exercisable or enforceable by the former Association shall, at commencement of this Ordinance, be exercisable and enforceable by the Association in place of the former Association.

(5) On the commencement of this Ordinance, the Association shall become liable for all the debts and liabilities and for the performance of all the contractual and other obligations of the former Association.

7. The Association shall consist of the persons who were ord- inary or life members of the former Association under the constitution thereof referred to in section 8 and of all such persons who shall con- tinue to be members or who shall be admitted to membership of the Association in accordance with the Constitution.

5

tian.

* The constitution of the former Association as approved and Constitution adopted at the Annual General Meeting of the former Association held of Associa on the 28th day of October 1966 shall be deemed to be the Constitu- tion of the Association but the same may be amended or replaced by the Association at any time or from time to time in accordance with the provisions of the Constitution.

9, (1) The Association shall forward to the Registrar of Com- Registration

with the panies for registration the following-

Registrar of

(a) notice of the address of the principal office of the Association Companies.

and any change thereof;

(b) a copy of the Constitution and any amendment thereto cer-

tified as correct by the Chairman; and

(c) a list of the names, occupations and addresses of the members of the Board and of the officers of the Association and any change therein, certified as correct either by the Chairman alone or by any one other member of the Board and the Secretary,

(2) Every document required to be registered in accordance with subsection (1) of this section shall be forwarded to the Registrar within twenty-eight days of the commencement of this Ordinance or within twenty-eight days of any change or amendment, as the case may be.

(3) A fee of five dollars shall be payable for registering any docu- ment under this section.

(4) Any person may inspect any of the documents registered under this section on payment of such fee as may be appointed under sec- tion 305 of the Companies Ordinance for the inspection of documents (Cap. 32.) kept by the Registrar of Companies.

(5) The registration of the list mentioned in paragraph (c) of subsection (1) shall be conclusive evidence of the facts contained in such list.

document.

10. (1) All deeds, documents and other instruments requiring the Sealing and seal of the Association shall be sealed in the presence of two members signing of of the Board and shall also be signed by those members and such signing shall be taken as sufficient evidence of the due sealing and execution of such deeds, documents and other instruments.

(2) The Board shall be responsible for the safe custody of the common seal of the Association.

11. Nothing in this Ordinance shall affect or be deemed to affect Saving the rights of Her Majesty the Queco, Her Heirs or Successors, or the rights of any body politic or corporate or any other persons except such as are mentioned in this Ordinance and those claiming by, from or under them.