107673-1927-Ordinances-passed-and-assented-to--University-Amendment-No-4-of-1927-Basel-Evangelical-Missionary-Society-Incorporation--No-5-of-1927 — Page 3

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THE HONG KONG GOVERNMENT GAZETTE, JUNE 17, 1927.

HONG KONG.

No. 5 or 1927.

I assent.

Short title.

Incorporation of the Presi-

dent in Hong kong of the Basel Evan- gelical Mis- sionary Society.

Powers of corporation.

L.S.

C. CLEMENTI, Governor.

17th June, 1927.

An Ordinance to provide for the incorporation of the President in Hong Kong of the Basel Evangelical Missionary Society.

[17th June, 1927.]

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

1. This Ordinance may be cited as the Basel Evangel- ical Missionary Society Incorporation Ordinance, 1927.

2. The President for the time being in Hong Kong of the Basel Evangelical Missionary Society, shall be a corporation sole (hereinafter called the corporation), and shall have the name of "The President in Hong Kong of the Basel Evangelical Missionary Society", and by that name shall and may sue and be sued in all courts in this Colony and shall and may have and use a common seal.

3.--(1) Subject to the provisions of sub-section (2), the corporation shall have power to acquire, accept Icases of, purchase, take, bold and enjoy any lands, buildings, messunges, or tenements of what nature or kind soever and wheresoever situated, and also to invest moneys upon mortgage of any lands, buildings, messuagos, or tenements, or upon the mortgages, debentures, stocks, funds, shares or securities of any government, municipality, corporation or company, and also to purchase, acquire and possess goods and chattels of what nature and kind soever,

(2) Notwithstanding the provisions of sub-section (1), the corporation shall not acquire any immovable property in the Colony unless it shall have previously obtained the special consent of the Governor in Council in each case.

(3) The corporation shall further have power by deed under its seal to grant, sell, convey, assign, surrender, exchange, partition, yield up, mortgage, demise, reassign, transfer or otherwise dispose of any lands, buildings, messuages, tenements, mortgages, debentures, stocks, funds, shares or securities, or other goods and chattels whatsoever, which are for the time being vested in or belonging to the corporation, upon such terms as to the corporation may seem fit.

Property

4. The legal estate in any property whatsoever; trans- transferred to ferred to the corporation in any manner whatsoever, shall, corporation in the event of the death of the President for the time being in Hong Kong of the Basel Evangelical Missionary Society, or in the event of his ceasing to hold office as such President, pass to his successor in such office when appointed.

to pass to successors.

Execution of documents.

5. All deeds and other instruments requiring the seal of the corporation shall be sealed in the presence of the person who is for the time being President in Hong Kong of the Basel Evangelical Missionary Society or of his attorney duly authorised, and such deeds and instruments and all other documents instruments and writings requiring the signature of the corporation shall be signed by such President or his attorney.