CO129-627-3 Housing project- contains drawings 1-2-1951 - 31-10-1951 — Page 17

106

No. 17 of 1951.

Vesting of property.

Members.

Existing

become members.

Existing constitu-

HONG KONG HOUSING SOCIETY INCORPORATION

(d) to grant, sell, convey, assign, surrender, yield up,

mortgage, demise, let, reassign, transfer or otherwis dispose of, any land, or buildings, messuages, tenemen 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; (e) 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;

(g) to enter into any agreement and engage any contractor

or other agent; and

(h) generally to do such other things as may appear to be incidental or conducive to the aims and objects of the Corporation as provided by its constitution, or the pur- poses aforesaid or any of them.

5. The land, buildings, messuages and tenements in the Colony belonging or purporting to belong to the unincorporated Hong Kong Housing Society, and all moneys, securities for money, goods, chattels, and effects whatsoever the property of the unincorporated Hong Kong Housing Society or purporting so to be are hereby transferred to and vested in the Corporation, but subject as regards the said land, buildings, messuages and tenements, to the payment of the rents and observance and performance of all the covenants, conditions, and reservations contained in the Crown Lease under which the same are respectively held.

6. The Corporation shall consist of such members as provided by its constitution.

7. All the existing members of the unincorporated Hong Kong Housing Society at the date of the passing of this Ordinance shall be the first members of the Corporation.

8. The existing constitution of the unincorporated Hong Kong Housing Society shall be the constitution of the Corporation, but the same may be changed or amended by the Corporation at

tion of

any time and from time to time in accordance with the provisions corporation. of the constitution for the time being in force.

tion to become constitu-

८.