TNAG-1515-FCO40-2076-Bridges-and-tunnels-in-Hong-Kong-1986 — Page 19

(4)

name of such other person, the nature of the right

transferred and the date of the transfer.

A notice under subsection (3) shall specify the

Directors of the Road Company.

PART IV

PROVISIONS RELATING TO THE ROAD AND RAIL COMPANIES

11. (1) A majority of the directors of the Road

Company shall be persons who are ordinarily resident in

Hong Kong.

(Cap. 32.)

(2) The Governor shall have power, notwithstanding

any provision of the Companies Ordinance or any other law,

the memorandum or articles of the Road Company or other

instrument, to appoint 2 directors to the board of the Road

Company.

Minimum paid-up share capital.

12. (1) On the road operating date the issued and

fully paid-up share capital of the Road Company shall be

(a) if no assignment has taken place under section

7(1), not less than $1,100,000,000; and