203146-1933-Supplementary-Bills-read-a-first-time--Betting-Duty-Amendment-Pontifical-Foreign-Missions-Institute-Incorporation — Page 2

775

No. 15-22.5.33.-1.]

A BILL

INTITULED

An Ordinance to provide for the incorporation of the Procurator in Hong Kong of the Pontifical Foreign Missions Institute.

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 Pontifical Foreign Short title. Missions Institute Incorporation Ordinance, 1933.

tion.

2. The Procurator for the time being in the Colony of Incorpora- Hong Kong of the Pontifical Foreign Missions Institute shall be a corporation sole (hereinafter called the corporation) and shall have the name of "The Procurator in Hong Kong of the Pontifical Foreign Missions Institute" and in that name shall have perpetual succession and shall and may sue and be sued in all courts in the Colony and shall and may have and use a common seal.

Corporation.

3.--(1) Subject to the provisions of sub-section (2) the Power of corporation shall have power to acquire, accept leases of, purchase, take, hold and enjoy any lands, buildings, messuages or tenements of what nature or kind so ever and wheresoever situated. and also to invest moneys upon mortgage of any lands, buildings, messuages or tenements, or upon the mortgages, debentures, stocks, funds, shares or securities of any government, municipality, corporation, company or person, and also to purchase acquire and possess vessels and other goods and chattels of what nature and kind so ever.

(2) Notwithstanding the provisions of sub-section (1), the corporation shall not acquire any immoveable 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 vessels or other goods and chattels which are for the time being vested in or belonging to the corporation, upon such terms as to the corporation may seem fit.

transferred

to pass to

4. The legal estate in any property whatsoever trans- Property ferred to the corporation in any manner whatsoever shall, in to corporation the event of the death of the Procurator for the time being in successors, Hong Kong of the Pontifical Foreign Missions Institute, or in the event of his ceasing to hold office as such Procurator, pass to his successor in such office when appointed.