MORRISON SCHOLARSHIPS FUND BY-LAWS

MORRISON SCHOLARSHIPS FUND BY-LAWS

SUBSIDIARY LEGISLATION.

MORRISON SCHOLARSHIPS FUND BY-LAWS.
(Cap. 1037, section 6).

[9th November, 1934.]

CONSTMTION.

1. The Fund shall be known as 'The Morrison Scholarships
Fund'.

2. The Fund shall consist of the fund in the hands of the trustees at
the commenecment of this Ordinance, and the property, moneys and
investments for the time being and from time to time representing the
same. including any contributions, additions and accumulations thereto
as may be made or accrue.

OBJECT.

3. The object of the Fund is to provide and endow scholarships for
boys at Queen's College, Hong Kong, without distinction of class or
nationality.

GOVERNMENT.

4. The government of the Fund shall be in the hands of the
trustees. of whom the Headmaster of Queen's College for the time being
shall be the chairman.

5. The chairman shall.at the same time discharge the duties of
honorary secretary and honorary treasurer, and 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.

6. The trustees shall also appoint one or more auditors, not
necessarily auditors by profession, who shall not be trustees, to audit
the accounts and *present a statement at the annual meeting.

FuNDs.

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

8. No payment on account of the corporation shall be made without
the order of the trustees, payment on petty cash account excepted, for
which 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.
AH cheques shall be signed by one trustee and the honorary treasurer.

SCHOLARSHIPS.

9. The number of scholarships granted and the value of each, and
the conditions and period on and for which any such scholarship is
granted or may be renewed. shall be in the entire discretion of the
trustees.

MEETINGS.

10. The annual meeting of the trustees shall be held not later than
the month of August in every year, when the report of the trustees and
the audited statement of the accounts made up to the 31st March.of the
same calendar year shall be presented and passed, and any business of
the previous financial year discussed. Emergency meetings may be
called at any time by the chairman or on the request of any trustee.

11. At all meetings two trustees shall form a quorum.

CITATION.

12. These by-laws may be cited as the Morrison Scholarships Fund
By-laws.
39 of 1934, Schedule. Resolution, 7.6.52.

39 of 1934, Schedule. Resolution, 7.6.52.

https://oelawhk.lib.hku.hk/items/show/3508

1964

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