677620-1883-First-reading-of-Mr-Chater-s-Bill- — Page 4

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THE HONGKONG GOVERNMENT GAZETTE, 29TH DECEMBER, 1883.

Power to demise.

Power to mortgage.

Saving of rights.

Duration of Ordinance.

Commence- ment of Ordinance.

private contract, and with, under and subject to such terms and conditions in all respects as the said CATCHICK PAUL CHATER his executors, administrators or assigns shall think fit, with power at any such sale to fix a reserve price for, or buy in the same, and when any such sale, assignment, or absolute disposal has been made, all the rights, powers, authorities, obligations and liabilities of the said CATCHICK PAUL CHATER his executors, administrators or assigns in respect to the undertaking or part or parts thereof sold, assigned or absolutely disposed of, shall be transferred to, vested in, and may be exercised by, and shall attach to the person or persons, Corporation, or Company to whom the same has been sold, assigned or absolutely disposed of, in like manner as if the undertaking, or part or parts thereof sold, assigned or absolutely disposed of, was or were con- structed by such person or persons, Corporation or Company under whi

nance, and in reference to the same he or they shall be deemed to be the said CATCHICK PAUL CHATER his exe- cutors, administrators or assigns.

16. Subject to the approval of the Governor in Council being first obtained (but not otherwise), the said CATCHICK PAUL CHATER his executors, administrators of assigns may, at any time, and from time to time demise their under- takings or any part or parts thereof, to such person Corporation or Company, for such term or terms of years, or from year to year, or for any less period, and for such rent or rents, and upon such terms and conditions in all respects, as the said CATCHICK PAUL CHATER his exe- cutors, administrators or assigns shall think fit to adopt, to take effect either in possession or reversion, and either with or without a premium or premiums, as a consideration or considerations for such demise or demises,

17. It shall be lawful for the said CATCHICK PAUL CHATER his executors, administrators or assigns, from time to time and at any time to borrow money on mortgage of all or any part of his undertaking, and for that purpose to assign or demise by way of mortgage, all or any portion of the said wharves and piers,

into all such covenants, provisoes, declarations and agreements as the said CATCHICK PAUL CHATER his executors, administrators or assigns shall think fit and proper.

Corporation or Company, and to enter in person or persons,

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18. Nothing in this Ordinance, otherwise than a specially enacted herein, shall be construed, to interfere in any way with any existing rights in the land on which the said wharves or piers are to be constructed, or the lands or foreshore adjoining the same, and the power and privileges given by this Ordinance are so given, saving and reserving always the rights of Her Majesty, and of all bodies politic and corporate, and of all other persons and those claiming by, from, and under them except as herein otherwise pro- vided.

19. This Ordinance shall continue in force for years to be computed from the

day of 188 Provided always that the Governor in Council may, from time to time, so often as the Governor in Council shall think it expedient, by order, to be published in the Gazette, declare that the duration of this Ordinance shall be extended for any further term or terms not exceeding ten years at a time, and thereupon this Ordinance shall continue in force for such extended period.

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20. This Ordinance shall come into force on a Day to be proclaimed by the Governor.