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To provide for the continuation of the Morrison Scholarships Fund, to make new provision for the administration thereof and to provide for related matters. (Enacted 1990) [27 July 1990] (Originally 70 of 1990) WHEREAS- (a) at a meeting of a society known as the Morrison Education Society on 18 March 1873, it was agreed, and at a further meeting of the said Society held on 24 April 1873, it was confirmed, that $3000 of the moneys of the Society "should be funded for the purpose of endowing a scholarship, to be known as the Morrison Scholarship, at the Central School upon conditions to be drawn up by the Headmaster of the Central School, the Minister for the time being of the Union Church and the senior resident Missionary of the London Missionary Society, and that, in the event of discontinuance of the Central School or other circumstances making it advisable, the disposition of the principal should be with the three gentlemen above named"; (b) on 9 November 1934 the Morrison Scholarships Fund Incorporation Ordinance (39 of 1934) was enacted to incorporate a body of trustees capable of holding property and empowered to administer a trust fund known as "The Morrison Scholarships Fund" for the purpose of endowing and maintaining scholarships at Queen's College in Hong Kong; (c) in view of appreciation in the value of the Fund and of changes in the work of the London Missionary Society it is expedient that new provision should be made for the administration of the Fund. Cap 1037 s 1 Short title This Ordinance may be cited as the Morrison Scholarships Fund Ordinance. (Enacted 1990) Cap 1037 s 2 Interpretation In this Ordinance, unless the context otherwise requires- "Chairman" (主席) means the Chairman of the Trustees designated by section 4 (2) (a) ; "financial year" (财政年度) means the 12 months ending on 31 August in each year, except that the financial year in progress at the commencement of this Ordinance shall end on 31 August next following such commencement; "Fund" (基金) means the Morrison Scholarships Fund continued by this Ordinance; "Morrison Scholarship" (马理逊奖学金) means a scholarship endowed and maintained out of the income of the Fund under section 6; "Queen's College" (皇仁书院) means the Government secondary school known as Queen's College, Hong Kong; "trustee" (委员会成员) means a person designated in section 4(2); "the Trustees" (受讬人委员会) (委员会) means The Trustees of the Morrison Scholarships Fund the incorporation of which is continued by section 4(1). (Enacted 1990) Cap 1037 s 3 Continuance of Fund (1) There shall continue to be a fund to be known as the "Morrison Scholarships Fund". (2) The Fund shall consist of- (a) all moneys and other assets held in trust by "The Trustees of the Morrison Scholarships Fund" incorporated by the Morrison Scholarships Fund Incorporation Ordinance (39 of 1934) at the commencement of this Ordinance; (b) such other moneys and other assets as may after the commencement of this Ordinance from time to time be donated, subscribed or bequeathed to the Fund and accepted by the Trustees or otherwise acquired by the Fund; and (c) any income of the Fund accumulated under section 7(g). (Enacted 1990) Cap 1037 s 4 The Trustees (1) There shall continue to be a body corporate with perpetual succession to be known as "The Trustees of the Morrison Scholarships Fund" which may, in that name, sue and be sued. (2) The Trustees shall consist of the following persons- (a) the Principal of Queen's College, who shall be Chairman of the Trustees; (b) the President of the unincorporated society known as the Queen's College Old Boys' Association; (c) the Minister of the Union Church, Hong Kong, within the meaning of the Union Church Incorporation Ordinance (Cap 1052),and their successors in office for the time being. (3) The identity of the persons holding the offices designated in subsection (2) at the commencement of this Ordinance shall be notified in the Gazette. (4) Subject to subsection (6), any change in the identity of the persons constituting the Trustees under subsection (2) shall be notified in the Gazette and shall not take effect until so notified. (5) During the absence from Hong Kong or incapacity of any person designated a trustee by subsection (2), the person temporarily performing the duties of that person shall act as trustee. (6) The identity of a person temporarily performing the duties of a trustee under subsection (5) need not be notified in the Gazette. (7) A person temporarily performing the duties of the Principal of Queen's College during the absence from Hong Kong or incapacity of the Principal, shall not thereby become Chairman of the Trustees, but section 10(3) shall apply to determine who shall act as Chairman during such period. (Enacted 1990) Cap 1037 s 5 Seal The Trustees shall continue to have and may use a common seal, the affixing of which when required shall be- (a) authorized or ratified by resolution of the Trustees; and |