HONG KONG SOCIETY FOR THE PROTECTION OF CHILDREN INCORPORATION ORDINANCE
Gazette Number:
22 of 2006
Section:
4
Heading:
Powers of the Society
Version Date:
27/10/2006
The Society shall have power-
(a) to acquire, accept leases of, purchase, take, hold and enjoy any lands, buildings, messuages or tenements of whatsoever nature or kind and wheresoever situate; (Replaced 22 of 2006 s. 4)
(aa) to invest moneys in any country or territory-
(i) on deposits in, or other depositary instruments issued by, any bank;
(ii) in debentures, stocks, funds, shares or securities of any corporation or company;
(iii) in bonds of any nature;
(iv) in any commodities; or
(v) in such other investment as the Society may think fit; (Added 22 of 2006 s. 4)
(ab) to purchase or otherwise acquire and undertake all or any part of the property, assets, or liabilities of any charitable company, institution, society or association having objects similar to those of the Society; (Added 22 of 2006 s. 4)
(ac) to purchase or otherwise acquire goods and chattels of whatsoever nature or kind upon such terms as the Society may think fit; (Added 22 of 2006 s. 4)
(b) to build, rebuild, demolish, alter, vary, renew, maintain and repair any buildings, messuages or tenements acquired by the Society or in which it is interested and to effect any improvements thereto;
(c) to grant, sell, convey, assign, surrender, exchange, partition, yield up, mortgage, pledge, demise, let, reassign, transfer or otherwise dispose of any lands, buildings, messuages, tenements, mortgages, debentures, debenture stocks, stocks, funds, shares, securities, vessels, goods, chattels, property and assets for the time being vested in or belonging to the Society upon such terms as the Society may think fit;
(d) to borrow money upon such terms as the Society may think fit, and subject to section 4(17) of the Summary Offences Ordinance (Cap 228), to raise money by private or public subscription;
(e) to accept donations, grants or subsidies from any person or Government Authority or other body or organization;
(f) to establish, support and subscribe to provident funds, pension and retirement and similar schemes for the benefit of employees of the Society and their dependants and to grant and pay pensions or gratuities to and otherwise aid, support or assist any such persons;
(g) generally to do such other acts and things as are incidental or conducive to the aims and objects of the Society.