Katugastota Bauddha Balamandalaya (Incorporation) Act 1983

This Act may be cited as the Katugastota Bauddha

Balamandalaya (Incorporation) Act, No. 8 of 1983.

From and after the date of commencement of this Act such and so many persons as now are members of the

Katugastota Bauddha Balamandalaya (hereinafter referred to as “the Association”) or shall hereafter be admitted members of the Corporation hereby constituted shall be a body corporate with perpetual succession under the name and style of “The Katugastota Bauddha Balamandalaya”’

(hereinafter referred to as “the Corporation”) and by that name may sue and be sued in all courts, with full power and authority to have and use a common seal and change and alter the same at its pleasure.

The general cbjects for which the Corporation is constituted are hereby declared to be :—

i,

the advancement of the Buddhist community in accordance with the teachings of the Buddha, the establishment and maintenance of a Buddhist centre and the protection of Buddhism and the privileges of Buddhists ;

the fulfilment of the economic, social and cultural needs of Buddhists free from differences in politics, race, caste and community

the performance of social service in accordance with Buddhist teachings and encouraging Buddhists in such performances ;

the holding of Buddhist sermons, discussions and talks and the performance of any other religous activi ties.

Subject to the provisions of this Act and any other written law, the Corporation shall have the power to raise funds, to open, operate and close bank accounts, to borrow or raise moneys with or without security and to engage, employ and dismiss personnel required for the carrying out of the objects of the Corporation, to promote the objects or some among the objects or cease from furthering when necessary or suitable and the power for performing, fur-thering and executing all acts.

The affairs of the Corporation shall, subject to the rules of the Corporation, be administered by a Board of

The first Board of Directors of the Corporation shall be the Board of Directors of the Association holding office on the date of commencement of this Act.

The custody of all immovable property of the

‘She first Board of Trustees of the Corporation shall be the Executive Committee of the Association holding office on the date of commencement of this Act.

It shall be lewful for the Corporation, from time to time at any general meeting of the members and by a majority of votes, to make rules, not inconsistent with the provisions of this Act, for the admission, withdrawal, or expulsion of members, for the conduct of the duties of the

No rule of the Corporation made under suhsection

shall be altered, added to, amended or rescinded except by a vote of two-thirds of the members present and voting at a genera] meeting of the Corporation

The members of the Corporation shall be subject to the rules of the Corporation.

All debts and liabilities of the Association existing at the time of the coming into operation of this Act shall be paid by the Corporation hereby constituted and all debts due to and subscriptions and contributions payable to the

Association shall be paid to the Corporation for the purposes of this Act.

The seal of the Corporation shall not be affixed to any instrument whatsoever, except in the presence of three of the members of the Board of Trustees who shall sign their names to the instrument in token of their presence and such signing shall be independent of the signing of any person as a witness.

The Corporation shall be capable in law to take and hold any property, movable or immovable, which may become vested in it by virtue of any purchase, grant, gift, last will in accordance with the disposal in it or otherwise and all such property shall be held by the Corporation for the purposes of this Act and shall subject to the rules of the

Corporation with full power to sell, mortgage, lease, ex-change or otherwise dispose of the same.

Nothing in this Act contained shall prejudice or affect the rights of the Republic, or of any body politic or corporate or of any other persons except such as are mentioned in this Act, and those claiming by, from, or under them.

How the and others.

Annual subscription of Bills and Laws of the Parliament Rs. 150 (Local),

Rs. 200 (Foreign), payable to the SUPERINTENDENT, GOVERNMENT PUBLICATIONS

Bureau, P. O. Box 500, CoLomso 1, before 15th December each year in respect of the following year.

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