TNAG-0452-FCO40-517-Legislation-for-employment-of-workers-in-Hong-Kong-1974 — Page 115

HONG KONG ARTS CENTRE

Ord. No. 47/74

A303

(a) acquire, take on lease, purchase, hold and enjoy any property and sell, let or otherwise dispose of the same;

(b) enter into any contract;

(c) provide appropriate amenities for members of the

Centre;

(d) employ staff;

(e) provide residential accommodation for staff and visiting

artists;

(f) provide or contribute to pensions for staff;

(g) invest the funds of the Centre in such manner and to such extent as the Board thinks appropriate or expedient;

(h) borrow money in such manner and on such securities or terms as the Committee with the approval of the Board thinks appropriate or expedient;

(i) apply for any grant in aid for the functions of the Centre on such conditions as the Board thinks appropriate

or expedient.

6. On the commencement of this Ordinance the Centre Vesting of shall succeed to all property, rights, privileges, obligations and property. liabilities of The Hong Kong Arts Centre Limited existing at the date of such commencement.

PART III

THE BOARD

7. (1) There is hereby established a Board to be known Establish- as the Board of Governors of the Hong Kong Arts Centre.

(2) The Board shall consist of-

(a) such members, not exceeding 8, of whom 1 shall be a member of the Urban Council, as may be appointed by the Governor;

(b) one member nominated by the Committee immediately

after the annual general meeting of the Centre.

(3) The Governor shall, from the members appointed under subsection (2)(a), appoint-

(a) a Chairman; and

ment of the Board.