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THE HONG KONG GOVERNMENT GAZETTE, NOVEMBER 1, 1929.
Powers of
3.-(1) Subject to the provisions of sub-section (2), Corporation. the 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 soever and wheresoever situated, and also to invest moneys upon the purchase of or upon mortgage of any lands, buildings, messuages or tenements, or upon bankers fixed deposits 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 any goods and chattels of what nature and kind soever,
By-laws.
Amendment of by-laws.
Deposit thereof.
Execution of documents.
Saving of the rights of the Crown and of
(2) Notwithstanding the provisions of sub-section (1) of this section, 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, re-assign, transfer or otherwise dispose of any lands, buildings, messuages, tenements, mortgages, debentures, stocks, funds, shares or securities, or any 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.
4.--(1) The Corporation may from time to time with the approval of the Governor-in-Council frame, and from time to time with the approval of the Governor-in-Council alter, by-laws for its internal management and control, and all such by-laws when approved as aforesaid and agreed upon by the corpora- tion shall be binding on every member thereof,
(2) Amendments to the by-laws shall be made by the Trustees in general meeting, and at least fourteen clear days written notice of the resolution to effect such amendment shall be given to each of the Trustees present in the Colony at the time.
(3) A copy of the by-laws certified as correct by two of the Trustees and sealed with the common seal of the Corporation shall be deposited and filed with the Registrar of Companies, and whenever such by- laws are altered a copy thereof as altered certified as aforesaid shall also be forthwith deposited and filed with the said Registrar. The first by-laws shall be those contained in the Schedule.
5. All deeds and other instruments requiring the corporate seal of the Corporation shall be sealed in the presence of two of the Trustees and shall be signed by two of the Trustees.
6. Nothing in this Ordinance shall affect or be deemed to affect the rights of His Majesty the King, certain other His Heirs or Successors, or the rights of any body politic or corporate or of any other person except such as are mentioned in this Ordinance and those claiming by from or under them.
persous.
Passed the Legislative Council of Hong Kong, this 31st day of October, 1929.
E. I. WYNNE-JONES,
Deputy Clerk of Councils.
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