MORRISON SCHOLARSHIPS FUND INCORPORATION ORDINANCE

MORRISON SCHOLARSHIPS FUND INCORPORATION ORDINANCE

LAWS OF HONG KONG

MORRISON SCHOLARSHIPS FUND INCORPORATION

ORDINANCE

CHAPTER 1037





CHAPTER 1037

MORRISON SCHOLARSHIPS FUND INCORPORATION.

To incorporate a body of trustees capable of holding property and
empowered to administer a trust fund known as the Morrison
Scholarships Trust Fund for the purpose of providing
scholarships at Queen's College in the Colony.

[9th November, 1934.]

WHEREAS at a meeting of a society known as the Morrison Education
Society on the 18th day of March, 1873, it was agreed, and at a
further meeting of the said Society held on the 24th day of April,
1873, it was confirmed, that three thousand dollars of the moneys
of the Society 'should be funded for the purpose of endowing a sch
ip, to be known as the Morrison Scholarship, at the Central
School upon conditions

to be drawn up by the Headmaster the Central School, the
Minister tor the time being of the Union Church and the
senior resident Missionary of the London Missionary Society,
and that, in the event of discontinuance of the Central School
or other circumstances makin it advisable, the disposition of
the principal should be with three gentlemen above
named':
AND WHEREAS the said fund has now appreciated through invest-

ments and further contributions to a capital value of over
fifty thousand dollars, and provides an income of nearly two
thousand dollars per annum out of which five Morrison
Scholarships are endowed and maintained at Queen's Cofiege
in the Colony:

AND WHEREAS doubts have arisen as to the legal position of the
persons now administering the said fund as trustees thereof, and it is
deemed expedient that the fund should be vested in an
incorporated body which may administer the same for the purpose
of endowing and maintaining such scholarships:

1. This Ordinance may be cited as the Morrison Scholar-
ships Fund Incorporation Ordinance.

2. (1) There shall be a body of trustees which, subject to
the other provisions of this Ordinance, shall consist of-

(a) the Headmaster of Queen's College, Hong Kong;

(b)the Senior Missionary in Hong Kong of the London
Missionary Society;

(c) the minister of the Union Church, Hong Kong,

and their successors in office for the
time being.





(2) In the event of the absence from the Colony of any

trustee the person temporarilling his duties shall act as a
trustee during his absence.

(3) No act or decision of the trustees shall be valid unless approved
by two trustees.

(4) If any act be done or discretion be exercised by the majority of
the trustees, or if any instrument be executed in
pursuance thereof, no such act, discretion or instrument shall be
questioned on the ground that the other trustee did not concur or join
therein, or objected thereto.

3. (1) Any change in the persons constituting the trustees

under subsection (1) of section 2 hall be notified to the Colonial Secretary
and published by him in the Gazette. (Amended, 37 of 1950, Schedule)

(2) No such change shall be deemed to have been made

unless it shall have been so published in the Gazette.

(3) The production of a copy of the Gazette containing any such
notification shall be prima facie evidence as to the constitution of the
trustees.

(4) The trustees shall when required by the Governor furnish to him
satisfactory proof of the succession of any new trustee.

4. The trustees shall be a body corporate, hereinafter called

the corporation, under the nameof the Trustees of the Morrison
Scholarships Fund', and by that name shall have perpetual succes-
sion and shall and may sue and be sued in all courts and shall
and may have and use a common seal and may break. change,

alter and make anew the said seal.

5. (1) The corporation shall have power to acquire, accept leases of,
purchase, take, hold and enjoy any lands, buildings, messuages or
tenements of what nature, and kind soever and wheresoever situate, and
also to invest moneys 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 ar, company, and also to purchase,
acquire, and possess goods and chattels of what nature or kind soever,
for the purpose of endowing and maintaining scholarships, to be known
as Morrison Scholarships, in Queen's College, Hong Kong.

(2) The corporation shall further have power by deed or writing
under its common seal to grant, sell, convey, assign, surrender, yield up,
mortgage, demise. reconvey, reassign, transfer or otherwise dispose of
or deal with any lands, buildings, messuages, tenements, goods and
chattels or other property which are for the time being vested in or
belonging to the corporation, upon such terms as to the trustees may
seem fit:





Provided that nothing in this section shall be construed so
as to authorize any breach of trust on the part of the trustees.

(3) All deeds and other documents requiring the seal of the
corporation shall be sealed with such seal in the presence of the

Headmaster of Queen's College and shall be signed by him.

6. (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 for its internal management and
control and all such by-laws
when so 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' notice in writing of any
resolution to effect any such amendment shall be given to
each of the trustees.

(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 when ever such by-laws are altered a copy
thereof as altered, certified as aforesaid, shall also be forthwith deposited
and filed with the said Registrar.

7. Nothing in this Ordinace shall affect or be deemed to affect the rights
of Her Majesty the Queen, Her Heirs or Successors. or the rights of any
body politic or corporate or of any otherpersons except such as are mentioned
in this Ordiance and those claiming by, from or under them.

Originally 39 of 1934. (Cap. 300, 1950.) 37 of 1950. Preamble. Short title. The trustees and their proceedings and acts. Notification of change in trustees. Incorporation and general powers of the trustees. Power to acquire property; power to dispose of property. use of seal. By-laws. Saving.

Originally 39 of 1934. (Cap. 300, 1950.) 37 of 1950. Preamble. Short title. The trustees and their proceedings and acts. Notification of change in trustees. Incorporation and general powers of the trustees. Power to acquire property; power to dispose of property. use of seal. By-laws. Saving.

https://oelawhk.lib.hku.hk/items/show/3507

1964

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