CHINA PENIEL MISSIONARY SOCIETY INCORPORATION ORDINANCE

CHINA PENIEL MISSIONARY SOCIETY INCORPORATION ORDINANCE

CHAPTER. 274.

CHINA PENIEL MISSIONARY SOCIETY
INCORPORATION.

To provide for the incorporation of the President in Hong
Kong of the China Peniel Missionary Society.

[29th April, 1949.]

1. This Ordinance may be cited as the China Peniel
Missionary Society Incorporation Ordinance.

2. The President for the time being in Hong Kong of
the China Peniel Missionary Society shall be a corporation
sole, hereinafter called the corporation, and shall have the
naine of 'The President in Hong Kong of the China Peniel
Missionary Society Incorporated' and by that name shall
and may sue and be sued in all courts in this Colony and
shall and may have and use a common seal.

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 trionies upon mort-
gage of any lands, buildings, messuage or tenements, or upon
the mortgages, debentures, stocks, funds, shares or securities
of any government, municipality, corporation, or company
and also to purchase, acquire, and possess goods and chattels
of what nature and kind soever.

(2) Notwithstanding the provision of subsection .(i) 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 other goods and chattels whatsoever,
which are for the time being vested in or belonging to the
corporation, upon such terms as to the corporation may seem
fit.





4. The legal estate in any property whatsoever, trans-
ferred to the corporation in any manner whatsoever, shall in
the event of death of the President for the time being in Hong
Kong of the China Peniel Missionary Society, or in the event
of his ceasing to hold office as such President, pass to his
successor in such office when appointed.

5. All deeds and other instruments requiring the seal
of the corporation shall be sealed in the presence of the person
who is for the time being President in Hong Kong of the
China Peniel Missionary Society or of his attorney, duly
authorized, and such deeds and instruments and writings
requiring the signature of the corporation shall be signed by
such President or his attorney.

6. (1) Whenever any person is appointed to the office
of President in Hong Kong of the China Peniel Missionary
Society, that person shall within three weeks after his appoint-
ment or within such further tirne as may be allowed by the
Governor, furnish to the Governor satisfactory evidence of
his appointment.

(2) A notification in the Gazette under the hand of the
Colonial Secretary that such evidence has been furnished to
the Governor by such person shall be conclusive evidence of
such appointment.

(3) The appointment of a new President, in the event
of death or for any other reason, shall be made by the majority
vote of the four directors of the corporation in Hong Kong.

7. 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.
18 of 1949. 9 of 1950. Short title. Incorporation. 9 of 1950, Schedule. Powers of corporation. Transfer of property. Execution of deeds. Appointment of President. Saving.

18 of 1949. 9 of 1950. Short title. Incorporation. 9 of 1950, Schedule. Powers of corporation. Transfer of property. Execution of deeds. Appointment of President. Saving.

https://oelawhk.lib.hku.hk/items/show/2128

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