CO129-458 - Public Offices & Others - 1919 — Page 146

COPY.

t title.

HOTARAH A MORAMO „ATTOO1,"71 (.bu)

(MEA)

Enclosures

A

BILL

intituled

2.

An Ordinance to make provision with regard

to the execution of instruments under seal

by the agents of foreign corporations.

134

pretation.

rity of

of

ign corpo-

on need

be under

spective Ication.

Be it enacted by the Governor of Hongkong, with the advice and consent of the Legislative Council thereof, as follows:-

1. This Ordinance may be cited as the Foreign Corporations (Execution of Instrumente under Seal) Ordinance, 1919.

2. In this Ordinance :-

"Foreign corporation" means any corporate body duly incorporated in accordance with the laws of any foreign

state; and

"Foreign State" does not include any British pro-

-tectorate,

[See back)

3. The fact that the authority

reigh

corporation-še not under seal shall re, for any purpose intended to be effected within the Colony, affect the validity or effect of any instrument under seal executed

donc of the hover o on behalf of such corporation by such, agent, which shall

for all such purposes whatsoever be as valid as if such authority had been under seal.

4. This Ordinance shall also apply to every instrument under seal executed before the commencement of this

a douce of a power or ass Ordinance on behalf of any foreign corporation, by,

agent of such corporation whose authority was not under seal.

Objects and Reasons,

DE VERA BE

English law requires that where an agent ia to execut

execute an instrument under seal his authority must also be under

foreigh

** beal.Curtain corporations. e.g. French and Belgian cor-

·

porations have no common seal and accordingly they

com