10. Debts due by and payable to the foundation

All debts and liabilities of the Foundation existing on the day preceding the date of commencement of this Act, shall be paid and discharged by the Corporation and all debts due to and subscriptions and contributions payable to, the Foundation on that day shall be paid to the Cor-poration for the purposes of this Act.

11, The seal of the Corporation shall not be affixed to any instrument whatsoever except in the presence of the

President and the Secretary or the Treasurer of the Corpo-affixed, ration, who shall sign their names to the instrument in token of their presenc?, and such signing shall be indepen-dent of the signing of any person as a witness.