| To amend the law relating to the incorporation of the Zetland Hall Trustees. [29 September 1922] (Originally 23 of 1922; (Cap 321 1950)) Cap 1055 s 1 Short title This Ordinance may be cited as the Zetland Hall Trustees Incorporation Ordinance. Cap 1055 s 1A Interpretation In this Ordinance, unless the context otherwise requires- "trustees" (受讬人) means the Zetland Hall Trustees incorporated by section 2. (Added 62 of 1977 s. 2) Cap 1055 s 2 Incorporation of trustees (1) The persons who have been certified by the secretary of the Zetland Hall Trustees by statutory declaration made by him and filed with the Registrar of Companies on 21 April 1949, to be the elected representatives of the lodges specified in the Schedule together with the persons who shall from time to time be certified in the same manner by the secretary of the Zetland Hall Trustees as being the elected representatives of other lodges, the names of which shall be from time to time added to those specified in the Schedule in manner provided by subsection (2) and their successors in office as hereinafter defined shall be a body corporate and shall have the name "The Zetland Hall Trustees", and by that name shall have perpetual succession and may sue and be sued in all courts in Hong Kong and shall and may have and use a common seal. (Replaced 20 of 1949 s. 2. Amended 62 of 1977 s. 3; 96 of 1995 s. 2) (2) In addition to the lodges specified in the Schedule it shall be lawful for the trustees to invite any other lodge hereafter established in Hong Kong in accordance with the English, Scottish or Irish Constitutions to have its name added to those appearing in the Schedule and upon the acceptance of such invitation to nominate such lodge accordingly; and such nomination shall be made in writing under the hand of the chairman of the trustees and shall be filed with the Registrar of Companies. Notice of the addition of the name of any such lodge to the Schedule shall be given by the trustees in the Gazette within 14 days of the making of the nomination which shall thereupon take effect as if the name of the lodge so nominated had been included in the Schedule originally. (Added 20 of 1949 s. 2. Amended 62 of 1977 s. 3) (2A) Where any lodge specified in the Schedule so requests in writing, the trustees shall, by notice published in the Gazette within 21 days of the receipt of such request, delete the name of the lodge from the Schedule; and shall forthwith notify the Registrar of Companies of such deletion. (Added 62 of 1977 s. 3) (2B) Where the name of a lodge is deleted from the Schedule under subsection (2B), the trustees shall repay to the lodge the sum of $5000 if in the opinion of the trustees this can be done without undue detriment to the trustees. (Added 62 of 1977 s. 3) (3) The trustees shall have full power to acquire, accept leases of, purchase, take, hold and enjoy any lands, buildings, messuages or tenements of what nature or kind soever and wheresoever situate in Hong Kong. (Amended 20 of 1949 s. 2; 62 of 1977 s. 3; 96 of 1995 s. 2) (4) The trustees shall also have full power- (a) to invest their funds not immediately required in any- (i) securities of the Government of any part of the Commonwealth; or (ii) investments listed for the time being in the Second Schedule to the Trustee Ordinance (Cap 29); (Amended 96 of 1995 s. 2)(b) by deed under their common seal to grant, sell, convey, assign, surrender, exchange, partition, yield up, mortgage, demise, reassign, transfer or otherwise dispose of any lands, buildings, messuages, tenements, mortgages, debentures, stocks, funds, shares or securities, or other goods and chattels whatsoever, which are for the time being vested in or belonging to the trustees; (Replaced 62 of 1977 s. 3. Amended 96 of 1995 s. 2) (c) to acquire, accept leases of, purchase, take, hold, and enjoy any lands, buildings, messuages, or tenements in Hong Kong or elsewhere; (Added 96 of 1995 s. 2) (d) to accept mortgages of any lands, buildings, messuages, or tenements in Hong Kong or elsewhere; (Added 96 of 1995 s. 2) (e) to invest moneys on deposit in any bank in Hong Kong or elsewhere; (Added 96 of 1995 s. 2) (f) to 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); (Added 96 of 1995 s. 2) (g) to employ and pay for such professional or other staff or assistant as the trustees may deem requisite in the discharge of the duties of the trustees including assistance from a partner of a trustee or from a person who is a director or shareholder of a company which is a trustee, (Added 96 of 1995 s. 2)on such terms as the trustees may think fit. (Added 96 of 1995 s. 2) (5) (Repealed 62 of 1977 s. 3) (6) The trustees shall also have full power to receive and accept gifts, donations, contributions and legacies and to hold or realize the same in their absolute discretion subject to any conditions attached to such gifts, donations, contributions or legacies. (Added 47 of 1955 s. 2. Amended 62 of 1977 s. 3) |
