UNIVERSITY.
No. 10 of 1911.
1969
19. The University shall not make any dividend, gift, division, or bonus in money unto or between any of its members except by way of prize, reward or special grant.
20. The area of Crown land situate to the south of Bonham Road and to the east of Pokfulam Road, and delineated and described on the plan thereof signed by the Governor and by the Director of Public Works and deposited in the Land Office, and all buildings now erected or in course of erection or hereafter to be erected thereon, together with all rights, easements and appurtenances thereto belonging, shall vest in the University in fee simple for the purposes of this Ordinance free of Crown rent:
Provided always that the University shall not sell, convey, or dispose of the said land or buildings or any part thereof to any person without the written licence of His Majesty: Provided also that if the said land and buildings or any part thereof shall at any time cease to be used for the purposes of a University in accordance with the provisions of this Ordinance the said land and buildings or part thereof, as the case may be, shall revert to the Crown.
21. All monies already subscribed for the purposes of the University whether on deposit in any name in any Bank or not, and all investments of such monies, and all interest, income and profits arising from such investments, and all securities therefor, are hereby vested in the University.
22. All the leasehold lands, buildings, tenements and premises described in the 1st column of the 4th schedule which were immediately before the passing of this Ordinance vested in the persons whose names are stated in the 2nd column of the said schedule as trustees for the University, and all rights, easements and appurtenances thereto belonging, and the mortgage debts secured by the several indentures of mortgage of the said leasehold lands, buildings, tenements and premises specified in the 3rd column of the said schedule, and all interest accrued or accruing thereon, and the benefit of all the covenants, powers and provisoes in the said indentures of mortgage contained, shall vest in the University for all the unexpired residues of the respective terms of years
* As amended by No. 16 of 1912, No. 17 of 1912 and No. 43 of 1912
Supp. Schied.
As amended by No. 50 of 1911 and No. 17 of 1912. As amended by No. 50 of 1911 and No. 16 of 1912.
UNIVERSITY.
No. 10 of 1911.
1969
19. The University shall not make any dividend, gift, division, or Dividends bonus in money unto or between any of its members except by way prohibited. of prize, reward or special grant.
20. The area of Crown land situate to the south of Bonham Road Real and to the east of Pokhulam Road, and delineated and described on property. the plan thereof signed by the Governor and by the Director of Public Works and deposited in the Land Office, and all buildings now erected or in course of erection or hereafter to be erected thereon, together with all rights, easements and appurtenances thereto belonging, shall vest in the University in fee simple for the purposes of this Ordinance free of Crown rent:
Provided always
that the University shall not sell, convey, or dispose of the said land or buildings or any part thereof to any person without the written. licence of His Majesty: Provided also that if the said land and buildings or any part thereof shall at any time cease to be used for the purposes of a University in accordance with the provisions of this Ordinance the said land and buildings or part thereof, as the case may be, shall revert to the Crown.
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21. All monies already subscribed for the purposes of the Univer- Personal sity whether on deposit in any name in any Bank or not, and all property. investments of such monies, and all interest, income and profits arising from such investments, and all securities therefor, are hereby vested in the University.
§
22. All the leasehold lands, buildings, tenements and premises Mortgages. described in the 1st column of the 4th schedule which were immediately before the passing of this Ordinance vested in the persons whose names are stated in the 2nd column of the said schedule as trustees for the University, and all rights, easements and appurtenances thereto belonging, and the mortgage debts. secured by the several indentures of mortgage of the said leasehold lands, buildings, tenements and premises specified in the 3rd column of the said schedule, and all interest accrued or accruing thereon, and the benefit of all the covenants, powers and provisoes in the said indentures of mortgage contained, shall vest in the University for all the unexpired residues of the respective terms of years
* As amended by No. 16 of 1912, No. 17 of 1912 and No. 43 of 1912
Supp. Schied.
As amended by No. 50 of 1911 and No. 17 of 1912. As amended by No. 50 of 1911 and No. 16 of 1912.
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