Hong Kong Ordinances

SECRETARY FOR HOME AFFAIRS INCORPORATION ORDINANCE - SECT 3

Powers of corporation

(1) The corporation shall have 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, and also to invest moneys upon
mortgage of any lands, buildings, messuages or tenements or upon the
mortgages, 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) The corporation shall further have power 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
corporation, upon such terms as to the corporation may seem fit. (Amended 4 of
1955 s. 2)