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CAP. 317]
[B. 4 cont.]
Powers of the corporation.
Tung Wah Hospital.
munity of the Colony, and the promotion, execution, assistance or maintenance of any other charitable work among the Chinese community of the Colony; (h) the promotion, execution, assistance or maintenance of any charitable work among Chinese outside the Colony which has been previously approved by the Secretary for Chinese Affairs.
5. (1) The corporation shall have power to acquire, accept leases of, purchase, take, hold and enjoy any lands, buildings, messuages or tenements of what nature or kind soever and wheresoever situated, and also to invest moneys upon mortgage of any lands, buildings, messuages or tene- ments or upon the mortgages, debentures, stocks, funds, shares or securities of any corporation or company, and also to purchase, acquire and possess vessels and other goods and chattels of what nature and kind soever.
(2) The corporation shall have power, with the consent in writing of the Governor, to grant, sell, convey, assign, surrender, exchange, partition, yield up, mortgage, transfer or otherwise dispose of, or to let or demise for any period exceeding three years, any lands, buildings, messuages or tenements which are for the time being vested in or belonging to the corporation.
(3) The corporation shall have power to let or demise for any period not exceeding three years, upon such terms as to the corporation may seem fit, any lands, buildings, messuages or tenements which are for the time being vested in or belonging to the corporation.
(4) The corporation shall have power to sell, convey. assign, surrender, exchange, partition, yield up, mortgage, demise, reassign, transfer or otherwise dispose of, upon such terms as to the corporation may seem fit, any debentures, stocks, funds, shares, securities, vessels or other goods or chattels, which are for the time being vested in or belonging to the corporation.
(5) Subject to the provisions of paragraph (k) of section 4, and of subsection (2) of this section, with regard to approval and consent the corporation shall have power to do anything which may lawfully be done in order to carry out any of the objects of the corporation,
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Tung Wah Hospital.
(6) In any transaction for which the consent in writing of the Governor is required by the provisions of subsection (2) the signature of the Governor indorsed on the document or documents by means of which the transaction is effected shall be sufficient evidence that such consent was given.
[CAP. 317
6. All deeds and other documents requiring the seal Execution of of the corporation shall be sealed with its common seal in the presence of two directors and shall also be signed by them, and such signing shall be taken as sufficient evidence
documents.
of the due sealing of such deeds and other documents.
property.
First
7. (1) The pieces or parcels of ground specified by Vesting of their respective Land Office register references in the First Schedule, together with all buildings erected thereon, and schedule. together with all rights, easements and appurtenances belonging or appertaining thereto or therewith usually held, occupied or enjoyed, are hereby transferred to and vested in the corporation, for the unexpired residues of the terms granted, and subject to the payment of the rents, or the due proportions of the rents, as the case may be, and the per- formance of the covenants and conditions, reserved by and contained in the respective Crown leases of the said pieces or parcels of ground, so far as the same relate to the said pieces or parcels of ground.
(2) All vessels, goods and chattels, all mortgages, debentures, stocks, funds, shares or securities of any corporation or company, all sums of money and bank balances, and all other rights whatsoever, which were vested in or belonging to the Tung Wah Hospital immediately before the 12th day of December, 1930, are hereby trans- ferred to and vested in the corporation.
(3) All pieces or parcels of ground which immediately before the 12th day of December, 1930, were vested in the Tung Wah Hospital subject to any right or equity of re- demption, or of which an assignment or intended assign- ment to the Tung Wah Hospital subject to any right or equity of redemption had been made before the 12th day of December, 1930, and of which no reassignment or intended reassignment had been made by or on behalf of the Tung Wah Hospital before that date, together with all rights, easements and appurtenances thereto belonging or apper-
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