1964_MUNSANG_COLLEGE_RULES — Page 4

HK Historical Laws 香港歷史法例 All AI Reviewed

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CAP. 1094]

Munsang College Rules.

[1964 Ed.

[Subsidiary]

(b) the Vice-Chairman; and

by any one of them and countersigned by either the appropriate Principal or the appropriate Bursar.

17. (1) All donations of a special nature, or, if a sinking fund is ever created, the moneys received therefor, shall be paid into a separate current account to be known as the "No. 2 account" to be opened in the name of the Munsang College, or in such other name as the Council may decide, at such bank as the Council shall from time to time approve.

(2) All cheques drawn on the above account on behalf of the corporation shall be signed by the Chairman and any one member of the Council.

18. In any year in which, in the opinion of the members of the Council present at a meeting convened for the purpose, there shall be a surplus of income over expenditure, the balance so resulting may be transferred to the No. 2 account as provision for unforeseen contingencies.

19. The Council may create, set aside and deal with in such manner and for such purpose as the Council may think fit any provident fund or sinking fund which the Council may deem necessary or expedient.

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2026-05-05 03:48:38 · NVIDIA / meta/llama-4-maverick-17b-128e-instruct

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A 4 CAP. 1094] Munsang College Rules. [1964 Ed. [Subsidiary] (b) the Vice-Chairman; and (c) the Honorary Treasurer; or by any one of them and countersigned by either the appropriate Principal or the appropriate Bursar. 17. (1) All donations of a special nature, or, if a sinking fund is ever created, the moneys received therefor, shall be paid into a separate current account to be known as the "No. 2 account" to be opened in the name of the Munsang College, or in such other name as the Council may decide, at such bank as the Council shall from time to time approve. (2) All cheques drawn on the above account on behalf of the corporation shall be signed by the Chairman and any one member of the Council. 18. In any year in which, in the opinion of the members of the Council present at a meeting convened for the purpose, there shall be a surplus of income over expenditure, the balance so resulting may be transferred to the No. 2 account as provision for unforeseen contingencies. 19. The Council may create, set aside and deal with in such manner and for such purpose as the Council may think fit any provident fund or sinking fund which the Council may deem necessary or expedient.

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