1964_PO_LEUNG_KUK_ORDINANCE — Page 5

4

CAP. 1040]

Powers.

(Cap. 29.)

Po Leung Kuk

[1987 Ed.

(f) to establish and support, and to aid in the establishment and support of, any other charitable organizations formed for all or any of the objects of the corporation;

(g) to provide all kinds of social services for the Hong Kong community.

2. Without prejudice to any other Ordinance, the corporation shall have the following powers—

(a) to acquire, take on lease, purchase, hold and enjoy any property and invest moneys upon mortgage of any immovable property or upon the mortgages, debentures, stocks, funds, shares or investments specified in the Second Schedule of the Trustee Ordinance;

(b) with the approval of the Governor, to grant, sell, convey, assign, surrender, exchange, partition, yield up, mortgage, transfer or otherwise dispose of any immovable property;

(c) to let for any period not exceeding 3 years any immovable property;

(d) with the consent of the advisory board, to let for any period exceeding 3 years any immovable property, or to sell, convey, assign, surrender, exchange, partition, yield up, mortgage, demise, reassign, transfer or otherwise dispose of any debentures, stocks, shares, investments, vessels or other goods or chattels vested in the corporation;

(e) to develop and turn to account any immovable property acquired by the corporation or in which the corporation is interested, in particular by laying out and preparing the same for building purposes, constructing, altering, pulling down, decorating, maintaining, furnishing, fitting up and improving buildings and by planting, laying drainage, letting on building leases or entering into building agreements;

(f) to demolish, resite, rebuild, construct, develop and improve any property acquired or purchased by the corporation or in which the corporation is interested, and to apply to any tribunal or court or authority for any order, licence, permission and exemption required therefor, and to do such other things as the corporation may think fit in order to carry out its objects;

(g) to accept any gift of property, whether subject to any special trust or not, for the benefit of the corporation;

(h) to take such steps by personal or written appeals, public meetings or otherwise as may be deemed expedient for the purpose of procuring contributions to the funds of the corporation, in the form of donations, annual subscriptions, or otherwise;

(i) to print and publish any newspapers, periodicals, books or leaflets that the corporation may think desirable for the promotion of its objects;

(j) with the consent of the advisory board, to borrow or otherwise raise money on such security as may be necessary and, for that purpose, to charge all or any part of the property of the corporation;

(k) to undertake and execute any trusts or any agency business which may seem directly or indirectly conducive to any of the objects of the corporation;

(l) to subscribe to any local or other charities and to grant donations for any public purpose and to pay a gratuity, pension or allowance on retirement to any servant or the dependants of any servant of the corporation and to make contributions to any fund and pay premiums for the purchase or provision of any such gratuity, pension or allowance;

(m) to purchase or otherwise acquire and undertake all or any part of the property, liabilities and engagements of any company, institution, society or association having objects altogether or in part similar to those of the corporation;

(n) to appoint a secretary and such other officers and servants, subject to such conditions as the corporation thinks fit;

(o) to do all such other lawful things as are incidental or conducive to the attainment of the above objects;

Page 5

Page 6