CO129-592-10 Future Policy in Hong Kong- Port Administration 10-4-1946 - 15-4-1947 — Page 155

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(2) (a) The Board shall be a body corporate, with perpetual

succession and a common seal, and may sue and be sued in its

corporate name, and shall, for the purposes and subject to the

provisions of this Ordinance, be capable of purchasing,

holding, granting, demising, disposing of or otherwise

dealing with real and personal property, and of doing and

suffering all such acts and things as bodies corporate may

by law do and suffer.

(b) The corporate name of the Board shall be "The

Hong Kong Port Trust".

(c) The common seal shall be kept in the custody of the

Chairman and shall not be affixed to any instrument except

in pursuance of a resolution of the Trust.

Any instrument executed in pursuance of any such

resolution shall be attested by the signature of any two

commissioners.

(3) (a) The first Chairman shall be appointed for such

period not exceeding five years as the Governor may think

desirable. Subsequent appointments shall be for a term of

seven years.

(b) Official commissioners shall not be appointed for

a specific term.

(c) of the six nominated commissioners three shall

be appointed for a term of five years and the remaining three

shall be appointed for a term of three years.

(a) No person who is of or above the age of sixty-five

years shall be appointed as a nominated commissioner.

(e) A commissioner shall be eligible from time to

time for reappointment.

(4) (a) The salary, leave and allowances of the Chairman

and the person pppointed to act in his place under sub-sec

(4) (b) hereof and the fees and expenses if any payable to

other commissioners shall be at such rates as the Governor

in Council may from time to time determine.

6.