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[接上页] (j) to establish, subsidize, support, co-operate with or otherwise assist any person engaged in any artistic, cultural, benevolent, charitable, welfare or similar activity and to contribute money for and to take part in any such activities as the Committee may think fit; (k) to do or cause to be done all such other acts and things as may conduce to the progress, prosperity and advancement of the general body of members. Cap 364 s 5 Powers of the Association The Association shall have power to do all such things as are necessary for, or incidental to or conducive to, the carrying out of the objects of the Association and may in particular, but without prejudice to the generality of the foregoing- (a) acquire, take on lease, purchase, hold and enjoy any property, and sell, let or otherwise dispose of the same; (b) enter into any contract; (c) invest funds in securities, place funds on deposit and otherwise deal with its funds in such manner as it may think fit, and realize the same at such times as it may consider necessary; (d) borrow or otherwise raise money on such security as may be necessary, and for that purpose charge all or any part of the property of the Association; (e) act as trustee in relation to pension and retirement schemes for its employees and funds for scholarships and prizes; (f) institute, conduct, defend, compound or abandon any legal proceedings by or against it or otherwise concerning its affairs; (g) refer any claim or demand by or against it to arbitration; (h) make and give receipts, releases and other discharges for money payable to and for claims and demands of the Association; (i) publish periodicals, booklets or other written material and produce or sponsor the production of documentary films or audio-visual material, and distribute the same by sale, loan, hire or otherwise, with or without charge, as it shall think fit; (j) accept gifts, donations or testamentary dispositions upon such conditions as it shall determine. Cap 364 s 6 Bylaws (1) The Association may, under its common seal, make such bylaws not inconsistent with this Ordinance as are necessary for, or incidental to or conducive to, the carrying out of the objects of the Association and may in particular, but without prejudice to the generality of the foregoing, make bylaws for- (a) meetings of the Association and the procedure at and the conduct of such meetings; (b) meetings of the Committee and its subcommittees and the procedure at and conduct of such meetings; (c) the procedure for election of members of the Committee as provided in section 8(1)(b); (d) the procedure for election of members of the Consultative Council as provided in section 9(1)(b); (e) entrance fees and subscriptions for membership of the Association; (f) control of funds of the Association; (g) the keeping of proper accounts of the Association and records in relation thereto and the preparation of annual accounts; (h) the appointment of auditors and the audit of the accounts of the Association; (i) the enforcement of the provisions of section 21(4) or of any bylaws made hereunder.(2) (a) A bylaw under subsection (1) may be made only by an affirmative vote of not less than two-thirds of the members present and voting at a meeting of the Association convened for that purpose and notified in accordance with paragraph (b). (b) Notice of such meeting and of the resolutions to be proposed thereat shall be delivered, or sent by registered post or recorded delivery, to every member at its registered office or principal place of business in Hong Kong not less than 21 days before the date fixed for the meeting, but the non-receipt of such a notice by any member shall not invalidate the proceedings thereat.(3) Bylaws made under subsection (1)- (a) shall be subject to, and shall not derogate from, any other law; (b) shall be subject to the approval of the Monetary Authority. (Amended 76 of 1995 s. 3) Cap 364 s 7 Membership of Association PART III MEMBERSHIP OF THE ASSOCIATION, COMMITTEE AND CONSULTATIVE COUNCIL (1) Every licensed bank which is so required by a condition attached to its authorization shall become a member of the Association and shall, subject to this section, remain a member of the Association unless expelled under section 21(1)(d); and membership of the Association shall be restricted to licensed banks. (Amended 49 of 1995 s. 53) (2) A member which ceases to be a licensed bank shall ipso facto cease to be a member of the Association. (3) A member shall not be expelled from membership of the Association without the prior approval of the Monetary Authority. (Amended 76 of 1995 s. 4) Cap 364 s 8 Committee (1) There shall be a Committee of the Association which shall comprise- (a) the continuing members which shall be the note-issuing bank as defined in section 2 of the Legal Tender Notes Issue Ordinance (Cap 65); (Replaced 76 of 1995 s. 5. Amended 14 of 2003 s. 24) (b) 9 elected members which shall be elected in accordance with the bylaws of the Association and which shall be, and be elected,- |