Hong Kong Ordinances

HONG KONG SHENG KUNG HUI ORDINANCE - SECT 7

Functions of Province

(1) The Province shall perform and discharge the functions of the Province
stated in the Constitution and Canons.

(2) The Province may-

   (a)  acquire, hold, grant any interest in, or any kind of licence in
        relation to, or otherwise dispose of, land, and acquire, hold or
        dispose of other property of any description;

   (b)  make contracts or other agreements;

   (c)  invest moneys on deposit with any bank, or upon mortgage of property
        in Hong Kong, or in debentures, stocks, funds, shares, or securities
        of any government, corporation or company, or in such other investment
        as the Standing Committee thinks proper;

   (d)  receive and expend moneys;

   (e)  employ such persons and engage or appoint such consultants, advisers,
        or agents as the Standing Committee considers necessary upon such
        terms and conditions as that Committee thinks appropriate;

   (f)  accept donations, grants or subsidies from any persons or government
        authority or other body or organization, and in particular accept any
        gift of property, whether subject to any special trust or not, for the
        benefit of the Province;

   (g)  undertake and execute any trusts which may seem directly or indirectly
        conducive to the carrying out of any of the purposes of the Province;

   (h)  borrow or otherwise raise money in such manner and on such terms as
        the Standing Committee thinks proper and charge any part of the
        property of the Province as security therefor; and

   (i)  subject to this Ordinance, do or suffer all such acts and things as
        bodies corporate may in general lawfully do or suffer. (Enacted 1995)