Contents of Section

Chapter:

1007 PDFTitle:CHATER MASONIC SCHOLARSHIP FUND ORDINANCEGazette Number:
Section:3Heading:Powers of corporationVersion Date:30/06/1997

(1) The corporation shall have power to-

        (a) acquire, accept leases of, purchase, take, hold, and enjoy any lands, buildings, messuages, or tenements in Hong Kong or elsewhere;
        (b) accept mortgages of any lands, buildings, messuages, or tenements in Hong Kong or elsewhere;
        (c) invest moneys on deposit in any bank in Hong Kong or elsewhere;
        (d) purchase such stocks, funds, shares or other investments or property of whatever nature and wherever situated in addition but not limited to the purchase of stocks, funds, shares or other investments or property provided for the time being in the Second Schedule to the Trustee Ordinance (Cap 29);
        (e) sell, convey, assign, reassign, transfer, surrender and yield up all or any of the above investments, or to reinvest the proceeds thereof in part or in whole in any of such investments;
        (f) receive and accept gifts, donations, contributions or legacies and to hold or realize the same subject to any conditions attached to such gifts, donations, contributions and legacies,
on such terms as to the corporation may seem fit.
(2) The corporation shall have full power to direct the trustees to invest any funds in any investments listed for the time being in the Second Schedule to the Trustee Ordinance (Cap 29).
(Replaced 95 of 1995 s. 4)