香港线路板协会(3)

(k)   To borrow or raise any money required for the purpose of the Association upon such terms and on such securities as may be determined. To employ auditors, clerks, managers, secretaries, servants and any other professional person or persons for the purpose of the Association and to remunerate them in return of services rendered to the Association in such manner as the Executive Committee of the Association may consider fit.

(l)      To open and operate banking accounts, to draw, make, accept, endorse and execute cheques, bills of exchange, promissory notes and other negotiable and transferable instruments.

(m)  To insure the property of the Association against all risks or liabilities.

(n)    To engage in any activities in conjunction with other bodies or associations, within the limits of the Association's objects and to arrange reciprocal concessions and cooperation with other such bodies or association.

(o)   To carry on the business as printers, proprietors, publishers and distributors of magazines, periodicals, journals and books.

(p)   In furtherance of any of the above objects, whether by itself or through a wholly owned subsidiary in mainland China, to provide services as business management consulting, information technology consulting, printed circuit consulting and promotion of printed circuit industry.

(q)   To do all such other lawful things as are incidental or conducive to the attainment of all or any of the above subjects.

Provided that: -

1.    The Association shall refrain from any partisan political activity or taking part in any such activity.

2.    The Association shall refrain from sectarian or religious activities.

4.(l) The income and property of the Association, whencesoever derived, shall be applied solely towards the promotion of the objects of the Association as set forth in this Memorandum of Association.

  (2) Subject to (4) and (5) below, no portion of the income and property of the Association shall be paid or transferred, directly or indirectly, by way of dividend, bonus, or otherwise howsoever to the members of the Association.

  (3) No member of the Executive Committee or governing body of the Association shall be appointed to any salaried office of the Association, or any office of the Association paid by fees and no remuneration or other benefit in money or money's worth (except as provided in (5) below) shall be given by the Association to any member of the Executive Committee or governing body.

  (4) Nothing herein shall prevent the payment, in good faith, by the Association of reasonable and proper remuneration to any officer or servant of the Association, or to any member of the Association not being a member of the Executive Committee or governing body of the Association in return for any services actually rendered to the Association.

  (5) Nothing herein shall prevent the payment, in good faith, by the Association: -

(a)       to any member of its Executive Committee or governing body of out-of-pocket expenses;

(b)      of interest on money lent by any member of the Association or its Executive Committee or governing body at a rate per year not exceeding 2% above the prime rate prescribed for the time being by the Hong Kong Association of Banks;

(c) of reasonable and proper rent for premises demised or let by any member of the Association or of its Executive Committee or governing body;

(d)      of remuneration or other benefit in money or moneys worth to a body corporate in which a member of the Association or of its Executive Committee or governing body is interested solely by virtue of being a member of that body corporate by holding not more than one-hundredth part of its capital or controlling not more than a one-hundredth part of its votes.

  (6) No person shall be bound to account for any benefit he may receive in respect of any payment properly paid in accordance with (4) and (5) above.

5.    The liability of the members is limited.

6.  Every member of the Association undertakes to contribute to the assets of the Association, in the event of its being wound up while he is a member, or within one year after he ceased to be a member, for payment of the debts and liabilities of the Association contracted before he ceases to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contribution is among themselves, such amount as may be required not exceeding one hundred dollars.