52
THE HONG KONG GOVERNMENT GAZETTE, JANUARY 25, 1935.
Power to
acquire,
hold and
9.-(1) Subject to the provisions of sub-section (2), the Corporation shall have power to acquire, accept leases sell property. of, purchase, take, hold and enjoy any lands, buildings, messuages or tenements of what nature or kind soever and wheresoever situated, and also to invest moneys upon mort- gage of any lands, buildings, messuages 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 vessels, goods and chattels of what nature and kind soever.
Sealing of deeds, etc.
Saving of rights of the Crown
(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, ex- change, partition, yield up, mortgage, demise, reassign, transfer or otherwise dispose of any lands, buildings, mes- suages, tenements, mortgages, debentures, stocks, funds, shares or securities, vessels, goods or chattels, which are for the time being vested in or belonging to the Corporation, upon such terms as to the Corporation may seem fit.
10. All deeds and other instruments requiring the seal of the Corporation shall be sealed in the presence of and shall be signed by two members of the General Committee for the time being and the Secretary for the time being and all instruments requiring the signature of the Corporation shall be signed by such committeemen and Secretary.
11. 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 certain other of any other person except such as are mentioned in this
Ordinance and those claiming by, from or under them.
and of
persons.
Passed the Legislative Council of Hong Kong, this 24th day of January, 1935.
R. A. C. NORTH,
Deputy Clerk of Councils.
No comments yet.
Private notes are available after approval.