1964_URBAN_COUNCIL_ORDINANCE — Page 24

HK Historical Laws 香港歷史法例 All AI Reviewed

1988 Ed.]

Urban Council

[CAP. 101

(2) The Council may, with the approval of or in accordance with the terms of any general authority given by the Financial Secretary, borrow temporarily, by way of overdraft or otherwise, such sums of money as may be required for discharging obligations or fulfilling functions imposed or conferred upon the Council by this or any other Ordinance.

Investment of surplus funds

43. All funds of the Council that are not immediately required shall be (a) deposited in any bank licensed under the Banking Ordinance (Cap.155) on fixed term or call deposit or in a current or savings account; or (b) invested in such other investments as may be approved by the Financial Secretary.

(Replaced 9 of 1986 s. 22)

Exemption from taxation

44. The revenues of the Council shall not be subject to taxation.

PART VIII

(Replaced 31 of 1981 s. 65)

MISCELLANEOUS PROVISIONS

Directions by the Governor

45. (1) The Governor may, after consultation with the Council, give the Council directions of a general character as to the discharge by the Council of its functions in relation to matters appearing to the Governor to affect the public interest, and the Council shall give effect to such directions.

(2) The Governor may, after consultation with the Council, give to the Council specific directions for the purpose of remedying any failure of the Council to discharge any obligation or to fulfil any function imposed upon the Council by this or any other Ordinance, and the Governor may further direct any public officer to remedy such failure and any expense incurred thereby shall be payable by the Council.

Vesting of property in the Council

46. (1) The Governor may by order vest in the Council, for the purposes stated in such order, the management and control of any property which is vested in the Crown.

(2) Any property vested in the Council which ceases to be used for the purpose stated in the vesting order shall revert to the Crown without payment of compensation.

Communications between the Council and the Governor

47. All communications from the Council to the Governor shall be signed by the Chairman or the Secretary and be delivered to the Chief Secretary.

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2026-05-05 16:10:39 · NVIDIA / meta/llama-4-maverick-17b-128e-instruct

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1988 Ed.] Urban Council [CAP. 101 23 (2) The Council may, with the approval of or in accordance with the terms of any general authority given by the Financial Secretary, borrow temporarily, by way of overdraft or otherwise, such sums of money as may be required for discharging obligations or fulfilling functions imposed or conferred upon the Council by this or any other Ordinance. Investment of surplus funds 43. All funds of the Council that are not immediately required shall be (a) deposited in any bank licensed under the Banking Ordinance (Cap.155) on fixed term or call deposit or in a current or savings account; or (b) invested in such other investments as may be approved by the Financial Secretary. (Replaced 9 of 1986 s. 22) Exemption from taxation 44. The revenues of the Council shall not be subject to taxation. PART VIII (Replaced 31 of 1981 s. 65) MISCELLANEOUS PROVISIONS Directions by the Governor 45. (1) The Governor may, after consultation with the Council, give the Council directions of a general character as to the discharge by the Council of its functions in relation to matters appearing to the Governor to affect the public interest, and the Council shall give effect to such directions. (2) The Governor may, after consultation with the Council, give to the Council specific directions for the purpose of remedying any failure of the Council to discharge any obligation or to fulfil any function imposed upon the Council by this or any other Ordinance, and the Governor may further direct any public officer to remedy such failure and any expense incurred thereby shall be payable by the Council. Vesting of property in the Council 46. (1) The Governor may by order vest in the Council, for the purposes stated in such order, the management and control of any property which is vested in the Crown. (2) Any property vested in the Council which ceases to be used for the purpose stated in the vesting order shall revert to the Crown without payment of compensation. Communications between the Council and the Governor 47. All communications from the Council to the Governor shall be signed by the Chairman or the Secretary and be delivered to the Chief Secretary.

Baseline (Original)

1988 Ed.] Urban Council [CAP. 101 23 (2) The Council may, with the approval of or in accordance with the terms of any general authority given by the Financial Secretary, borrow temporarily, by way of overdraft or otherwise, such sums of money as may be required for discharging obligations or fulfilling functions imposed or conferred upon the Council by this or any other Ordinance. Investment of surplus funds 43. All funds of the Council that are not immediately required shall be (a) deposited in any bank licensed under the Banking Ordinance (Cap. 155) on fixed term or call deposit or in a current or savings account; or (b) invested in such other investments as may be approved by the Financial Secretary. (Replaced 9 of 1986 s. 22) Exemption from taxation 44. The revenues of the Council shall not be subject to taxation. PART VIII (Replaced 31 of 1981 s. 65) MISCELLANEOUS PROVISIONS Directions by the Governor 45. (1) The Governor may, after consultation with the Council, give the Council directions of a general character as to the discharge by the Council of its functions in relation to matters appearing to the Governor to affect the public interest, and the Council shall give effect to such directions. (2) The Governor may, after consultation with the Council, give to the Council specific directions for the purpose of remedying any failure of the Council to discharge any obligation or to fulfil any function imposed upon the Council by this or any other Ordinance, and the Governor may further direct any public officer to remedy such failure and any expense incurred thereby shall be payable by the Council. Vesting of property in the Council 46. (1) The Governor may by order vest in the Council, for the purposes stated in such order, the management and control of any property which is vested in the Crown. (2) Any property vested in the Council which ceases to be used for the purpose stated in the vesting order shall revert to the Crown without payment of compensation. Communications between the Council and the Governor 47. All communications from the Council to the Governor shall be signed by the Chairman or the Secretary and be delivered to the Chief Secretary.

2026-05-05 16:10:39 · Baseline

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