Hong Kong Ordinances

THE METHODIST CHURCH, HONG KONG, INCORPORATION ORDINANCE - SECT 5

Vesting of Property

On the commencement of this Ordinance-

   (a)  all those pieces or parcels of ground specified in the second column
        of Parts I,II and IV of the Schedule, together with all rights,
        easements and appurtenances thereto belonging, shall vest in the
        Corporation without any conveyance or assignment for the unexpired
        residue of the respective terms of years created by the Crown leases,
        conditions of sale, conditions of grant, conditions of exchange,
        conditions of regrant and new grant specified opposite thereto in the
        third column of Parts I,II and IV of the Schedule, subject to payment
        of the rent and performance of the covenants and conditions reserved
        by and contained in the said Crown leases, conditions of sale,
        conditions of grant, conditions of exchange, conditions of regrant and
        new grant and subject also to such mortgages, charges, leases,
        tenancies and other agreement (if any) and upon such trusts,
        conditions and stipulations, as may be subsisting in relation to such
        premises upon the commencement of this Ordinance;

   (b)  (Repealed 7 of 1997 s. 2)

   (c)  the Corporation shall succeed to all other property, right,
        privileges, obligations and liabilities within Hong Kong of-

        (i)    Methodist Missionary Trust Association;

        (ii)   The Hong Kong Chinese District of the Methodist Church (United
               Kingdom);

        (iii)  The Methodist Church, Hong Kong District (Property Holding),
               Limited;

        (iv)   The Methodist Church Hong Kong (Wei Li Kung Hui);

        (v)    The Wesleyan Methodist Missionary Trust Association;

        (vi)   Bishop W. Angie Smith, Sidney R. Anderson, Judith L. Hawks,
               Yolay Young, Pau-Waung Yang, Chen Kuan Yu and Jack Y. H. Yuen,
               Trustees of The Methodist Church, Hong Kong District.