Chapter:	1105	Title:	THE HONG KONG INSTITUTION OF ENGINEERS ORDINANCE	Gazette Number:
Section:	5	Heading:	Powers of the Institution	Version Date:	30/06/1997

Subject to this Ordinance the Council may, on behalf of the Institution, do all such things as are necessary for, or incidental or conducive to the better carrying out of the objects of the Institution, and, in particular, but without prejudice to the generality of the foregoing, may-

(a) acquire, take on, lease, purchase, hold and enjoy any property and sell, let or otherwise dispose of the same;
(b) enter into any contract;
(c) provide appropriate amenities for members;
(d) employ staff;
(e) provide residential accommodation for staff and visiting guests;
(f) provide or contribute to pensions for staff;
(g) act as trustee in relation to pension schemes and funds for scholarships and prizes;
(h) borrow money in such manner and on such securities or terms as the Council deems appropriate or expedient;
(i) apply for any grant in aid for the functions of the Institution on such conditions as the Council deems appropriate or expedient;
(j) invest the funds of the Institution in such manner and to such extent as the Council thinks appropriate or expedient.