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

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

LAWS OF HONG KONG

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

CHAPTER 1050





CHAPTER 1050.

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

TOincorporate trustees capable of holding property and empowered
to administer two trust funds known as The Chater (Cathedral)
Endowment Fund and The Chater (St. Andrew's Church)
Endowment Fund for the purpose of assisting in the maintenance
of St. John's Cathedral and St. Andrew's Church in the 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 the said Sir Catchick Paul Chater
created two funds each of the amount of $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 the
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 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) Endowment 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 sued in all
courts in the Colony and shall and may have and use a common seal
and the said seal may break, 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
(Cathedral) Endowment Fund and The Chater





(St. Andrew's Church) Endowment Fund in accordance with the
provisions and directions that are contained regarding 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 Howard 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) 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 remaining 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 m 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.

(2) When any person is appointed, to the office of a trustee of the
Chater (Cathedral and St. Andrew's) Endowment Funds such person
shall within three 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.

(3) 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.

(Amended, 13 of 1966, Schedule)

5. All deeds. documents and other instruments requiring 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 them and such signing
shall be and be taken as sufficient evidence of the due scaling thereof.

6. Nothing in this Ordinance 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 other persons except such as
are mentioned in this Ordinance and those claiming by. from or under
them.
Originally 14 of 1941. (Cap. 316, 1950.) 13 of 1966. Preamble. Short title. Incorporation. Powers of corporation. Appointment of trustees. Execution of documents. Saving.

Originally 14 of 1941. (Cap. 316, 1950.) 13 of 1966. Preamble. Short title. Incorporation. Powers of corporation. Appointment of trustees. Execution of documents. Saving.

https://oelawhk.lib.hku.hk/items/show/3524

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