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Power of
3. The Corporation shall have full power to acquire, Corporation. accept leases of, purchase, take, hold and enjoy any lands, buildings, messuages or tenements of what nature or kind soever and wheresoever situate in this Colony or elsewhere, and also to invest monies on deposit in any bank, either in this Colony or elsewhere, on such terms as may seem expedient to it, or on mortgage of any lands, buildings, messuages or tene- ments in this Colony or elsewhere, or on the mortgages or debentures, stocks, funds, shares or securities of any corpora- tion or company carrying on business or having an office in this Colony or elsewhere, and also to purchase and acquire all manner of goods and chattels whatsoever.
Execution of Documents.
Saving of the rights of the Crown and certain other persons.
The Corporation shall further have power by deed under its seal to grant, sell, convey, assign, surrender and yield up mortgage, demise, reassign, transfer or otherwise dispose of or deal with any lands, buildings, messuages, tenements, mort- gages, debentures, stocks, funds and securities, goods and chattels vested in the Corporation on such terms as to the Corporation may seem fit.
4. All deeds and other instruments requiring the corporate seal of the Corporation shall be sealed with its seal and signed by one of the Trustees.
5. Nothing in this Ordinance shall affect or be deemed to affect the rights of His Majesty the King, His Heirs or Successors or the rights of any body politic or corporate, or of
any persons except such as are mentioned in this Ordinance and those claiming by from or under them.
Objects and Reasons.
1. This is a private Bill for the incorporation of the Trustees of the China Fleet Club,
2. Its clauses are based on those of similar Incorporation Ordinances.
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