Pasyodunrata Development Foundation (Incorporation) Act 1999

This act may be cited as the Pasyodunrata

Development Foundation (Incorporation) Act, No.5 of 1999.

From and after the date of commencement of this

Act, such and so many persons as are members of the

Pasyodunrata Development Foundation hereinafter referred to as “the Foundation”) or shall hereafter be admited as members of the corporation hereby constituted shall be a body corporate with perpetual succession under the name and style of the “Pasyodunrata Development Foundation” (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 alter the same at its pleasure.

The general objects for which the Corporation is constituted are hereby declared to be -

to promote community based organisations;

to builed up the capacity of such organisations;

to promote the educations of the under privileged;

to carry out relief, rehabilitation and reconstruction programmes;

to promote health education, and to provide information on the eradication of malnutrition;

to further, the welfare and development of the under privileged;

to promote income generating projects in the plantations as well as in the villages, and to launch self help projects, with a view to generating employment;

to provide assistance to relive distress caused by natural disasters such as floods, cyclones and droughts ;

to disseminate knowledge and information on improved methods of agriculture , horticulture aquaculture, sericulture, animal husbandry, fresh water fisheries and bee keeping, through the publication and distribution of books and pamphlets and the conduct of seminars, workshops, lectures and film shows;

to promote thrift among the under privileged.

Subject to the provisions of this Act, and any other written law, the Corporation shall have the power to do, perform and execute all such acts, matters and things whatsoever, as are necessary or desirable for the promotion and furtherance of the objects of the Corporation or any one of them , including the power to open, operate and close bank accounts, to borrow or raise moneys, with or without security, to receive or collect grants and donations, to invest its funds, and to engage employ and dismiss officers and servants required for the carrying out of the objects of the Corporation.

The affairs of the Corporation shall, subject to the rule inforce for the time being of the Corporation, be administered by a Board of Management consisting of the office-bearers and such other persons as may be provided for in such rules and elected in accordance therewith.

The first Board of Management of the Corporation shall be the Board of Management of the Foundation holding office on the day prior to the date of commencement of this

It shall be lawful for the Corporation, from time to time, at any general meeting of the members and by majority of the votes, of not less than two-thirds of the members present and voting to make rules not inconsistent with the provisions of this Act, or any other written law for the admission, withdrawal, resignation, retirement or expulsion of members, for the election of the office-bearers of the Board of

The rules of the Foundation in force on the day prior to the date of commencement of this Act, shall be deemed to be the rules of the Corporation made under this section in so far as they are not inconsistent with the provisions of this

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

All debts and liabilities of the Foundation existing on the day preceding the date of commencement of this Act, shall be paid by the Corporation hereby constituted and all debts due to and subscriptions and contributions payable to, the foundation on that day shall be paid to the

Corporation for the purposes of this Act.

The Corporation shall be capable in law to acquire and hold any property, movable or immovable which may become vested in it by virtue of any purchase, grant, gift, testamentary disposition 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 have full power to sell, mortgage, exchange or otherwise dispose of the same.

The seal of the Corporation shall not be affixed to any instrument whatsoever, except in the presence of two members of the Board of Management 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.

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

In the event of any inconsistency between the

Sinhala and Tamil texts of this Act, the Sinhala text shall prevail.