TRUSTEES OF THE CHATER (CATHEDRAL AND ST. ANDREW'S) ENDOWMENT FUNDS INCORPORATION ORDINANCE

TRUSTEES OF THE CHATER (CATHEDRAL AND ST. ANDREW'S) ENDOWMENT FUNDS INCORPORATION ORDINANCE

CHAPTER 316.

TRUSTEES OF THE CHATER (CATHEDRAL AND ST.
ANDREW'S) ENDOWMENT FUNDS INCORPORATION.

To incorporate Trustees capable of holding property and
empowered to administer two trust funds known as The
Chater (Cathedral) Endowment Fund and The Chater
(SI. Andrew's Church) Endowment Fund for the purpose
of assiting in the maintenance of St. John's Cathedral
and St. Andrew's Church in this Colony.

[27th June, 1941.]

WHEREAS by two several Deeds of Trust dated the 24th
day of April, 1920, and the 29th day of April, 1925,
made between the late Sir Catchick Paul Chater of the
one part and trustees therein mentioned of the other part
of the said Sir Catchick Paul Chater created two funds
each of the amount $250,000.00 to be known as
'The Chater (Cathedral) Endowment Fund' and 'The
Chater (St. Andrew's Church) Endowment Fund'
respectively which said funds he gave to the said
trustees to be possessed by theM upon trust to apply
the income thereof in assisting in the maintenance of
St. John's Cathedral Church and St. Andrew's Church
in this Colony and augmenting the stipends of the
Clergy for the time being holding the respective offices
of Chaplain or Assistant Chaplain of the said
Cathedral and Incumbent or Curate of the said Church :
AND WHEREAS it is deemed expedient that the said funds
should be vested in an incorporated body which may
administer the same for the purposes declared in the
said two deeds of trust :

1 . This Ordinance may be cited as the Trustees of
the Chater (Cathedral and St. Andrew's) Endowment Funds
Incorporation Ordinance.

2. The trustees of the Chater (Cathedral) Endowment
Fund and the trustees of the Chater (St. Andrew's) Endow-
ment fund and their successors in office shall be a body
corporate, hereinafter called the corporation, and shall





have the name 'The Trustees of the Chater (Cathedral and
St.Andrew's) Endowment Funds' and by that name shall
have perpetual succession and shall and may sue or be sited
in all courts in this Colony and shall and may have and use
a common seal and the said seal may brealc, change, alter
and make anew as to the said corporation may seem fit.

3. The said corporation shall administer the funds and
securities now respectively representing and hereafter so to
represent the Chater (Cathedarl) Endowment Fund and the
Chater (St. Andrew's Church) Endowment Fund in accord-
ance with the provisions and directions that are contained
iegarding the same in two several deeds of trust dated the
24th day of April, 1920, made between the late Sir Catchick
Paul Chater of the one part and Newton John Stabb and
John Scott Harston of the other part and the 29th day of
April, 1925, made between the said Sir Catchick Paul
Chater of the one part and the said John Scott Harston and
Arthur Floward Barlow of the other part and shall have the
same powers and authorities over such funds and securities
as are mentioned and contained in the said two deeds of
trust.

4. (1) The present trustees of the Chater (Cathedral)
Endowment Fund and the Chater (St. Andrew's) Endow-
rnent Fund are Harold John Arnistrong of Victoria in the
Colony, Solicitor, and the Hongkong and Shanghai Bank,
Hong Kong (Trustee) Limited and they shall for the
purpose of this Ordinance be deemed to be the trustees of
the Chater (Cathedral and St. Andrew's) Endowment Funds
until the appointment of some other person or persons as
such trustee or trustees as aforesaid.

(2) In the event of the death or retirement from the
office of trustee of the Chater (Cathedral and St. Andrew's)
Endowment Funds of any trustee the survivor or rernaining
one of them shall have power by writing under his hand to
appoint a successor to the office of a trustee of the Chater
(Cathedral and St. Andrew's) Endowment Funds in the
place of the one so dying or retiring from that office and any
person so appointed shall be deemed to be a trustee of the
Chater (Cathedral and St. Andrew's) Endowment Funds.





(3) When any other person is appointed to the office of
a trustee of the Chater (Cathedral and St. Andrew's) Endow-
ment Funds such person shall within tliree weeks after his
appointment or within such further time as may be allowed
by the Governor furnish to the Governor satisfactory
evidence of his appointment.

(4) 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.

5. All deeds documents and other instruments requir-
ing the seal of the said corporation shall be scaled in the
presence of the trustees for the time being of the said funds
and signed by thern and such signing shall be and be taken
as sufficient evidence of the due scaling thereof.

6. All moneys forming part of the Chater (Cathedral)
Endowment Fund and the Chater (St. Andrew's Church)
Endowment Fund respectively invested in the name of the
trustees of the said funds in loans Issued by the Hong Kong
Government and by the Government of the United Kingdom
and moneys placed on fixed deposit or current account with
the Hongkong and Shanghai Banking Corporation in the
names of the trustees of the said funds are hereby trans-
ferred to and vested in the said corporation.

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, front or under them.
14 of 1941. Short title. Incorporation. [s. 2 cont.] Powers of corporation. Appointment of trustees. G.N. 1212/50. Execution of documents. Transfer of property to corporation. Saving.

14 of 1941. Short title. Incorporation. [s. 2 cont.] Powers of corporation. Appointment of trustees. G.N. 1212/50. Execution of documents. Transfer of property to corporation. Saving.

https://oelawhk.lib.hku.hk/items/show/2170

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