CHATER MASONIC SCHOLARSHIP FUND BY-LAWS
Title
CHATER MASONIC SCHOLARSHIP FUND BY-LAWS
Description
CHATER MASONIC SCHOLARSHIP FUND BY-LAWS
(Cap. 1007, section 4)
[1st November, 1929]
CITATION
1. These by-laws may be cited as the Chater Masonic Scholarship
Fund By-laws.
CONSTITUTION
2. The fund shall be known as the -Chater Masonic Scholarship
Fund'.
3. 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.
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 contribution 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 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 keep 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 examination
but shall also take into consideration the character of the candidate 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 previous 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. Emergency
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.
25 of 1929, Schedule. G.N.A. 149/49. 72 of 1975. G.N.A. 149/49. G.N.A. 149/49.
Abstract
25 of 1929, Schedule. G.N.A. 149/49. 72 of 1975. G.N.A. 149/49. G.N.A. 149/49.
Identifier
https://oelawhk.lib.hku.hk/items/show/3473
Edition
1964
Volume
v26
Subsequent Cap No.
1007
Number of Pages
2
Files
Collection
Historical Laws of Hong Kong Online
Citation
“CHATER MASONIC SCHOLARSHIP FUND BY-LAWS,” Historical Laws of Hong Kong Online, accessed September 30, 2024, https://oelawhk.lib.hku.hk/items/show/3473.