|1095||Title:||HONG KONG COUNCIL OF THE CHURCH OF CHRIST IN CHINA INCORPORATION ORDINANCE||Gazette Number:|
|Section:||4||Heading:||Powers of corporation||Version Date:||30/06/1997|
(1) The corporation shall have power to acquire, accept and grant leases of, purchase, take, hold and enjoy any lands, buildings, messuages or tenements of what nature or kind soever and wheresoever situate, and also to build, rebuild, alter, vary, renew, maintain and repair any building, messuage or tenement, and also to invest moneys upon mortgages of any lands, buildings, messuages or tenements, or in debentures, stocks, funds, shares or securities of any government, municipality, corporation, or company, and also to purchase, acquire and possess goods and chattels of what nature and kind soever.
(2) (Repealed 74 of 1974 s. 3)
(3) The corporation shall further have power by deed under its seal to grant, sell, convey, assign, surrender, exchange, partition, yield up, mortgage, pledge, demise, reassign, transfer or otherwise dispose of any lands, buildings, messuages, tenements, mortgages, debentures, stocks, funds, shares or securities or goods and chattels whatsoever, which are for the time being vested in or belonging to the corporation, upon such terms as to the corporation may deem fit.