1964_HEUNG_YEE_KUK_ORDINANCE — Page 8

1988 Ed.]

Heung Yee Kuk

[CAP. 1097

7

Accounts

11. (1) Accounts shall be kept in a form to be approved by the Secretary for District Administration in respect of all funds other than the personal donations of the Chairman, Vice-Chairmen, Members and Councillors. (Amended, L.N. 94/74; L.N. 370/81 and L.N. 14/83)

(2) Failure to keep accounts and to produce the same in the form required under subsection (1), shall be an offence on the part of the Chairman, Vice-Chairmen and the Treasurer of the Kuk, and on conviction each shall be liable to a fine of $2,000.

PART IV

MISCELLANEOUS

Incorporation of Chairman and Vice-Chairmen

12. The Chairman and Vice-Chairmen for the time being of the Kuk shall be a body corporate with perpetual succession, known as the Heung Yee Kuk Incorporated and shall in that name be capable of suing and being sued.

(Replaced, 51 of 1983, s. 2)

Powers of the Heung Yee Kuk Incorporated

12A. (1) The Heung Yee Kuk Incorporated may-

(a) enter into contracts;

(b) acquire and hold property;

(c) sell, let or otherwise dispose of property; and

(d) borrow money and for that purpose mortgage or charge all or any part of the property of the Heung Yee Kuk Incorporated.

(2) The Heung Yee Kuk Incorporated shall exercise the powers conferred by subsection (1) only in such manner and subject to such conditions as the Executive Committee shall in its absolute discretion direct or impose, and only for the purpose of promoting the objects of the Kuk.

(Added, 51 of 1983, s. 3)

Use of words Heung Yee Kuk

13. (1) The words Heung Yee Kuk (5) shall be used solely by, and in connection with, the Kuk established under this Ordinance.

(2) Any person other than the Chairman, Vice-Chairmen, Councillors, Members or Officers of the Kuk who uses any term or conducts himself in any manner which is calculated to give the impression that he is an Officer, Member or Councillor of the Kuk, shall be guilty of an offence and shall be liable to a fine of $2,000.