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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 th
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 appointed to act in his place under sub-sect
(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.
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