Singapore legislation

Clause 3

of Rubber Association of Singapore (Incorporation) Bill

Clause 3

Establishment and incorporation of the Rubber Association of Singapore

(1)

There shall be constituted in Singapore a Corporation to be known as the “Rubber Association of Singapore” and by that name shall have perpetual succession.

(2)

The Corporation shall have a common seal and such seal may from time to time be broken, changed, altered and made anew as to the Corporation seems fit.

(3)

The Corporation may enter into contracts, may sue and be sued in its corporate name and may acquire, purchase, lease, take, hold and enjoy movable and immovable property of every description, and may sell, exchange, convey, assign, surrender and yield up, mortgage, demise, re-assign, transfer or otherwise dispose of or deal with any movable and immovable property vested in it upon such terms as to it shall seem fit.

(4)

All deeds, documents and other instruments requiring the seal of the Corporation shall be sealed with the seal of the Corporation pursuant to a resolution of the Committee to that effect in the presence of the Chairman or the Deputy Chairman or some other member of the Committee authorised by the Committee to act in that behalf and of the Secretary, who shall sign every such deed, document or instrument to which such seal is affixed, and such signing shall, without further attestation, be sufficient evidence that such seal was duly and properly affixed and that the same is the lawful seal of the Corporation.