CO129-245 - Acting Governor Fleming - 1890 [5-7] — Page 37

3rd. The objects for which this Company is formed are from time to time and at any time to do transact and carry on in the Colony of Hong- kong and its Dependencies (but not elsewhere) all, or any, or either of the acts, deeds, matters and things hereinafter mentioned, that is to say:-

(A.) To purchase, take on lease or in exchange, hire, or otherwise acquire, any land and hereditaments of any tenure, and mes- suages and tenements, and any estate or interest in any land or hereditaments, messuages or tenements, and any rights ease- ments or privileges to any land or hereditaments, messuages or tenements belonging or appertaining, or therewith at any time used, held, or enjoyed, for such consideration, whether wholly or partly of a pecuniary nature, as this Company shall think fit.' (B.) To lay out and prepare for building purposes any land belonging to this Company, or in which it is interested, and to improve and develop any such land by reclaiming, draining, planting, clearing, and otherwise dealing with the same, and to construct, or procure the construction thereon, or on some part thereof, of all kinds of buildings, and in particular of dwelling houses, shops, factories, workshops, ware-houses and godowns, and to alter, pull down, rebuild, repair, maintain, decorate and farnish any buildings or erections situate on any such land.

(c.) To construct and maintain, or contribute to, or procure the con- struction and maintenance of roads, streets, piers, wharves, em- bankments, bridges, sewers, drains, tramways, parks, pleasure grounds, schools, markets, reservoirs, wells, reading rooms, baths and such other buildings, works and conveniences as this Com- pany may think directly or indirectly conducive to the develop- ment of any land or hereditaments, messuages or tenements, or any estate or interest therein respectively in which it is for the time being interested,

(D.) To manage demise and let, or agree to demise and let, to accept surrenders of, to mortgage, sell, and absolutely dispose of, to surrender to the Crown, to grant rights of way over, or otherwise howsoever to deal with, all, or any, or either, or any parts or part of the Company's land and hereditaments, messuages and tene- ments, or any estate or interest therein respectively.

(E.) To carry on the business of an auctioneer of land and heredita- ments, messunges and tenements, and any estate or interest therein respectively, also the business of a house and Estate Agent and a Broker of land and hereditaments, messuages and tenements, and any estate or interest therein respectively, in all, or any, or either of their respective branches, and especially to negotiate and arrange loans on land and hereditaments, messuages and tenements, and any estate or interest therein respectively, to manage estates and properties, to receive and collect rents, and to act as an Architect, Engineer, and Surveyor, and as an Attorney or Factor, and transact all manner of Agency and Commission business so far as regards land and hereditaments, messuages and tenements, and any estate or interest therein respectively, for any person or persons, Company or Corporation, for such commission or consideration, and upon such terms and conditions as this Company shall think fit.

(r.) To advance money by way of loan on any land or hcreditaments

of

any tenure, whether the same shall be wholly or partly built on or not, or on any messuages or tenements, or any estate or interest in any land or hereditaments, messuages or tenements, to such amounts, at such rate of interest, and upon such terms and conditions as this Company shall think fit, and in particular to lend money to any person or persons, Company or Corporation

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undertaking to built on, or to develop or improve any property upon which this Company shall advance, or agree to advance, money or in which it is interested.

(a.) To raise and borrow money by way of mortgage, or in such other manner as this Company shall think fit, and in particular by the issue of debentures charged upon all or any of the Company's property including its uncalled capital.

(a.) To hire and engage Architects and Surveyors, at such salary, for such period, and upon such terms and conditions, particularly with reference to any commission to be earned by them, as this Company may think fit.

(1). To invest any money belonging to this Company.

(J.) To purchase, or otherwise acquire, and undertake all or any part of the business, property, and liabilities of any person or persons, or Company or Corporation, carrying on any business which this Company is authorised to carry on, or possessed of property suit- able for the purposes of this Company.

(K.) To do all such other things, and to execute all such deeds and documents, and to make, accept, indorse, and execute all such bills of exchange, promissory notes, and other negociable instru ments, as are incidental or conducive to the attainment of all or any or either of the above objects.

(L.) To do all or any of the above things either alone or in conjunction with others, and either as principal or agent, and either by itself or by sub-contractors, agents or otherwise.

4th. The liability of the Shareholders of this Company is limited.

5th. The capital of this Company is two million and five hundred thousand dollars, divided into twenty five thousand shares of one hundred dollars each.

WE, the several persons whose names, addresses, and descriptions are hereunto subscribed, are desirous of being formed into a Company in pursuance of this Memorandum of Association, and we respectively agree to take the number of shares in the capital of the Company set opposite to our respective

names.

Names, addresses, and descriptions of

Subscribers.

J. BELL-IRVING,

No. of shares taken by each Subscriber.

250

of Hongkong,

Merchant.

C. P. CHATER,

250

Bill and Bullion Broker.

of Hongkong.