CHATER MASONIC SCHOLARSHIP FUND ORDINANCE

CHATER MASONIC SCHOLARSHIP FUND ORDINANCE

CHAPTER 270.

CHATER MASONIC SCHOLARSHIP FUND.

To provide for the incorporation of the Trustees of the
Chater Masonic Scholarship Fund.

[1st November, 1929.]

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

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

(2) Trustees shall be appointed in accordance with the
by-laws of the corporation hereinafter 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 subsection (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, debentures, 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 subsection (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, with the approval of the
Governor in Council, make by-laws for its internal manage-
ment and control, and all such by-laws when agreed upon
by the corporation and approved as aforesaid 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 amend-
ment 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 and 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 scaled in the
presence of two of tfic 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 persons except such as are mentioned in this
Ordinance and those claiming by, from or under them.





CHATER MASONIC SCHOLARSHIP FUND BY-LAWS.
(Cap. 270, Section 4.)
(Ordinance No. 25 of 1929.)
Constitution.
1. The fund shall be known as the 'Chater Masonic
Scholarship Fund'.

2. The fund shall consist of the existing fund in the hands
of the honorary treasurer and such further contributions as shall
be made by masonic bodies and individuals.

Object.

3. The object of the fund is to provide a Scholarship at Hong
Kong University for the sons and daughters of freemasons without
distinction of class or nationality, who are members of any of the
masonic bodies in the District of Hong Kong and South China, and
to the sons and daughters of deceased masons who are eligible for
relief under the qualifications contained in the by-laws of the Hong,
Kong and South China Masonic Benevolence Fund Corporation.

Government.

4. The trustees shall consist of such brethren as shall be
elected by the lodges and chapters contributing to the funds of the
corporation and of trustees for life as hereinafter provided. Each
Lodge shall elect one brother to be a trustee and every individual
brother contributing not less than $500 shall by virtue of such con-
tribution become a trustee for life. Any vacancy or vacancies of
elected trustees occurring through death, incapacity, retirement or
prolonged absence from the Colony may be filled up by the Lodge or
other masonic body. Any representative of a Lodge shall not be
deemed a trustee until the notice referred to in section 2 of the
Ordinance including his name as a trustee has been filed with the
Registrar of Companies.

5. The trustees shall appoint annually from among themselves
a president and a vice-president. At all meetings the president
shall preside, or in his absence the vice-president, or in the absence
of both the senior past master present.

6. The trustees shall appoint annually an honorary treasurer
who must be a subscribing member of a lodge in Hong Kong, who
shall collect all sums due to the corporation and keen an accurate
account of all moneys received and disbursed to be presented at each
meeting. He shall also carry out the duties of secretary to the
trustees.

7. The trustees shall also appoint one or. more auditors (who
shall not be trustees) to audit the accounts and present a statement
at the annual meeting.

Funds.

8. All contributions shall be paid to the honorary treasurer
and shall by him be placed to the credit of the corporation in a local
bank or invested as the trustees may deem advisable.





9. No payment on account of the corporation shall be made
without the order of the trustees, payment on petty cash account
excepted, for which latter purpose the trustees may place such sum
as they think fit at the disposal of the honorary treasurer, who shall
furnish a correct account of all such payments at each meeting of
the trustees. All cheques shall be signed by the honorary treasurer.

Scholarship.
10. A scholarship shall be granted to the person selected by the
trustees for one year only in the first instance, but such scholarship
shall be renewable yearly at the discretion of the trustees.

11. In the event of there being more than one candidate qualified
to receive the benefits of this endowment, the trustees shall make the
award mainly on the result of a matriculation or equivalent examina-
tion but shall also take into consideration the character of the can-
didate and the financial position of the candidate's family.

Meetings.

12. The annual meeting of the trustees shall be held not later
than the month of May in every year when the report of the trustees
and the audited statement of accounts made up to the 31st December
of the previous year shall be presented and any business of the pre-
vious year discussed, after which, the accounts and, report being
passed, the trustees shall proceed with the appointment of the officers
for the ensuing year and discuss any business having reference to
the corporation which may be brought before the meeting. Emer-
gency meetings may be called at any time by the president or in
his absence by the vice-president, or in the absence of both, by the
senior past master.
Quorum
13. At all meetings three trustees shall form a quorum.

Citation.

14. These by-laws may be cited as the Chater Masonic
Scholarship Fund By-laws.
Originally 25 of 1929. Fraser 25 of 1929. Short title. Incorporation. Powers of corporation. Power to make by-laws, method of amendment and the certification and deposit thereof. Execution of documents. Saving. Fraser, vol. 3, p. 1073. G.N.A. 149/49. G.N.A. 149/49. G.N.A. 149/49.

Originally 25 of 1929. Fraser 25 of 1929. Short title. Incorporation. Powers of corporation. Power to make by-laws, method of amendment and the certification and deposit thereof. Execution of documents. Saving. Fraser, vol. 3, p. 1073. G.N.A. 149/49. G.N.A. 149/49. G.N.A. 149/49.

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