CAP 1091 ONG KONG TRAMWAYS EDUCATIONAL TRUST FUND ORDINANCE.docVIP

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CAP 1091 ONG KONG TRAMWAYS EDUCATIONAL TRUST FUND ORDINANCE.doc

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CAP 1091 ONG KONG TRAMWAYS EDUCATIONAL TRUST FUND ORDINANCE

CAP 1091 HONG KONG TRAMWAYS EDUCATIONAL TRUST FUND ORDINANCE 摘要：To make provision for the establishment of a trust fund to be known as the Hong Kong Tramways Educational Trust Fund, for the incorporation of the Chairman of the Management Committee to act as Trustee of the said fund, for the due administration thereof and for purposes connected with the matters aforesaid. 　　[10 August 1956] 　　(Originally 43 of 1956) 　　Cap 1091 Preamble 　　WHEREAS- 　　(a) Hongkong Tramways Limited (hereinafter called the Founders) marked the fiftieth anniversary of the running of the first tramcar in Hong Kong by allocating funds for the establishment of a trust in 1954 and have made a further allocation of funds for the same purpose in 1955 which said funds are held in cash together with interest accrued thereon or have been used to purchase shares; 　　(b) the Founders have dedicated the fund as hereinafter defined and accretions thereto in perpetuity for the promotion and encouragement of education of selected children of employees and ex-employees of the Founders; 　　(c) it is desirable to incorporate the Chairman of the Committee set up under section 6 to act as Trustee of the trust fund as hereinafter defined: 　　Cap 1091 s 1 Short title 　　This Ordinance may be cited as the Hong Kong Tramways Educational Trust Fund Ordinance. 　　Cap 1091 s 2 Interpretation 　　In this Ordinance, unless the context otherwise requires- 　　Committee (委员会) means the Committee established under section 6; 　　employee of the Founders (创办人雇员) includes a former employee of the Founders; 　　Founders (创办人) means Hongkong Tramways Limited. 　　Cap 1091 s 3 Establishment of trust fund 　　(1) There is hereby established a trust fund to be known as the Hong Kong Tramways Educational Trust Fund, hereinafter called the Fund. 　　(2) The Fund shall consist of cash and shares together with any sums accumulated by way of dividends or interest thereon, bonus issues of shares and such other moneys and assets as may from time to time