TNAG-1781-FCO40-2541-Employment-in-Hong-Kong-various-ordinances-1988 — Page 247

THE SPIRITUAL ASSEMBLY OF THE BAHA'IS OF HONG KONG INCORPORATION

Ord. No. 42/88

A189

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7. All documents requiring the seal of the Assembly shall be sealed Execution of with its common seal in the presence of two members of the Assembly and documents. shall be signed by such two members and the Secretary for the time being, and such signing shall be prima facie evidence that the said seal was duly affixed and that the same is the lawful seal of the Assembly.

8.

(1) On and from the commencement of this Ordinance-

Vesting of properties, etc.

(a) all those pieces or parcels of land specified in the Second Schedule Second

which immediately prior to the commencement of this Ordinance Schedule. were vested in the company together with all rights, easements and appurtenances thereto shall vest in the Assembly for the unexpired residues of the respective terms of years created by the Crown Leases or Conditions of Grant specified opposite each such piece or parcel, subject to the payment of the rent and performance and observance of the covenants and conditions reserved by and contained in the said Crown Leases and Conditions of Grant, and subject to such leases, tenancies, easements and other rights as may be subsisting in relation to the premises upon the commence- ment of this Ordinance;

(b) all moneys and liquidated and unliquidated claims that, immediately before that commencement, were payable to or recoverable by the company shall be moneys and liquidated and unliquidated claims payable to or recoverable by the Assembly;

(c) all proceedings commenced before that commencement by the company and pending immediately before that commencement shall be deemed to be proceedings pending by the Assembly and all proceedings so commenced by any person against the company and pending immediately before the commencement shall be deemed to be proceedings pending by that person against the Assembly;

(d) all contracts, agreements, arrangements and undertakings entered into with, and all securities lawfully given to or by, the company and in force immediately before that commencement shall be deemed to be contracts, agreements, arrangements and under- takings entered into with and securities given to or by the Assembly;

(e) the Assembly may, in addition to pursuing any other remedies or exercising any other powers that may be available to it, pursue the same remedies for the recovery of money and claims referred to in this section and for the prosecution of actions and proceedings so referred to as the company might have done but for this Ordinance;

(f) the Assembly may enforce and realize any security or charge existing immediately before that commencement in favour of the company and may exercise any powers thereby conferred on the company as if the security or charge were a security or charge in favour of the Assembly; and