CO129-627-3 Housing project- contains drawings 1-2-1951 - 31-10-1951 — Page 12

A BILL

INTITULED

An Ordinance to provide for the incorporation of the Hong Kong Housing Society.

Be it enacted by the Governor of Hong Kong, with the advice and consent of the Legislative Council thereof:

1. This Ordinance may be cited as The Hong Kong Short title. Housing Society Incorporation Ordinance, 1951.

2. In this Ordinance-

Inter-

"Constitution" means the constitution of The Hong Kong pretation.

Housing Society approved from time to time by its members for the time being.

tion.

3. The Hong Kong Housing Society shall be a body Incorpora- corporate (hereinafter called "the Corporation") and in that name shall have perpetual succession and shall and may sue and be sued in all courts in the Colony and may have and use a common seal, and may from time to time break, change, alter and make anew the said seal as to the Corporation may deem fit.

Powers of

tion.

4. The Corporation shall have full power- (a) to acquire, by purchase, lease exchange or otherwise, Corpora-

hold and enjoy land, buildings, messuages tenements of what nature or kind soever in the Colony of Hong Kong; (b) to acquire, by purchase or otherwise, vessels, goods and

chattels of what nature or kind soever;

(c) to invest moneys on deposit in any bank in the Colony or in any government bonds or on mortgage of any land, buildings, messuages or tenements in the Colony, or in or

on debenture, debenture-stocks, stocks, funds, shares or securities of any corporation or company carrying on business in the Colony;

(d) to grant, sell, convey, assign, surrender, yield up, mortgage, demise, let, reassign, transfer or otherwise dispose of, any land, or buildings, messuages, tenements, mortgages, debentures, debenture-stock, funds, securities, vessels, goods and chattels for the time being vested in the Society, upon such terms as the Society may deem fit; to erect any buildings messuages or tenements and effect any improvement thereto;

(f) to borrow money upon such terms as the Society shall think fit, and to raise money by public or private subscription;