CHATER MANSONIC SCHOLARSHIP FUND ORDINANCE, 1929

CHATER MANSONIC SCHOLARSHIP FUND ORDINANCE, 1929

No. 25 of 1929.

An Ordinance to provide for the incorporation of the Trustees
of the Chater Masonic Scholarship Fund.

[1st November, 1929.]

This Ordinance may be cited as the Chater Masonic
Scholarship Fund Ordinance, 1929.

2.-(1) The Trustees of the Chater Masonic Scholarship
Fund and their successors in office as hereinafter defined shall be
a body corporate (hereinafter called ' the corporation ') and
shall have the name of ' The Trustees of the Chater Masonic
Scholarship Fund ' and in that name shall have perpetual
succession and shall and may site and be sued in all courts in
the Colony and shall and may have and use a common seal.

The by-laws rornierly contained in the Schedule to this Ordinance have
been transferred to the cormponding volume of the Regulations of
Hong Kong.
As amended by Law Rev. Ord., 1939, Supp. Sched.





(2) Trustees shall be appointed in accordance with the
by-laws of the corporation hereinaher referred to, and shall for
the time being be deemed to be successors in office of the first
trustees and be members of the corporation upon notice of their
appointment, and of the retirement of the retiring trustees (if
any) whom they have been appointed to replace, being filed with
the Registrar of Companies.

(3) Any such notice shall be signed by two of the continuing
or retiring trustees and shall be sealed with the common seal of
the corporation.

3.-(1) Subject to the provisions of sub-section (2), the
corporation shall have power to acquire, accept leases of,
purchase, take, hold and enjoy any lands, buildings, messuages
or tenements of what nature or kind soever and wheresoever
situated, and also to invest moneys upon the purchase of or
upon mortgage of any lands. buildings, messuages or tenements,
or upon bankers' fixed deposits or upon the mortgages, deben-
tures, stocks, funds, shares or securities of any government,
municipality, corporation, company or person and also to
purchase, acquire and possess any goods and chattels of what
nature and kind soever.

(2) NotwIthstanding the provisions of sub-section (1), the
corporation shall not acquire any immovable property in the
Colony unless it has previously obtained the special consent of
the Governor in Council in each case.

(3) The corporation shall further have power by deed under
its seal to grant, sell, convey, assign, surrender, exchange,
partition, yield up, mortgage, demise, reassign, transfer or
otherwise dispose of any lands, buildings, messuages, tenements,
mortgages, debentures, stocks, funds, shares or securities, or
any goods and chattels, which are for the time being vested in
or belonging to the. corporation, upon such terms as to the
corporation may seem fit.

4.-(1) The corporation may from time to time with the
approval of the Governor in Council frame, and from time to
time with the, approval of the Governor in Council alter, by-laws

As, amended by Law Rev. Ord., 1939, Supp. Sched.

for its internal management and control, and all such by-laws
when approved as aforesaid and agreed upon by the corporation
shall be binding on every member thereof.

(2) Amendments to the by-laws shall be made by the
trustees in general meeting, and at least fourteen clear days'
written notice of the resolution to effect such amendment shall
be given to each of the trustees present in the Colony at the
time.

(3) A copy of the by-laws certified as correct by two of the
trustees and sealed with the common seal of the corporation shall
be deposited and filed with the Registrar of Companies, and
whenever such by-laws are altered a copy thereof as altered
certified as aforesaid shall also be forthwith deposited and filed
with the said Registrar.

5. All deeds and other instruments requiring the corporate
seal of the corporation shall be sealed in the presence of two of
the trustees and shall be signed by two of the trustees.

6. Nothing in this Ordinance shall affect or be deemed to
affect the rights of His Majesty the King, His Heirs or
Successors, or the rights of any body politic or corporate or of
any other person except such as are mentioned in this Ordinance
and those claiming by, from or under them,
[Originally No. 25 of 1929. Law Rev. Ord., 1939.] short title. Incorporation. Powers of corporation. By-laws: amendment of by-laws; deposit thereof. Execution of documents. Saving of rights of the Crown and of certain other rights.

[Originally No. 25 of 1929. Law Rev. Ord., 1939.] short title. Incorporation. Powers of corporation. By-laws: amendment of by-laws; deposit thereof. Execution of documents. Saving of rights of the Crown and of certain other rights.

https://oelawhk.lib.hku.hk/items/show/1614

1937

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