Ratnapura Buddhist Society (Incorporation) Act 1983

Krom and after the date of commencement of this

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

Ratnapura Buddhist Society Ltd. (hereinafter referred to as “the Society”), and shall hereafter be admitted members of the Corporation hereby constituted, shall be and become a body corporate (hereinafter referred to as the “ Corpo-ration”) with perpetual succession under the style and name of “The Ratnapura Buddhist Society” and by that name shall and 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 take all necessary steps to promote the study of

to establish unity and co-operation among Buddhists ;

to work towards the advancement of the physical, intellectual and social welfare of the members 3; and

to give financial aid and offer scholarships to those

There shall be a Board of Governors of the

The first Board of Governors of the Corporation shall consist of the following members who are the members of the Board of Governors of the Society at the time of the coming into operation of this Act :—

Any vacancy in the Board of Governors other than that of ex officio members of the Corporation shall be filled by the Corporation at a general meeting with the approval of the other members of the Board of Governors.

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

The first Committee of Management of the Corpora-tion shall be the Committee of Management of the Society holding office at the time of coming into operation of this

It shall be lawful for the Corporation to establish

Boards affiliated to the Corporation to carry out any one or more objects of the Corporation subject, however, to the rules of the Corporation.

The Ratnapura Buddhist Educational Board

All moneys collected by the Educational Board shall be deposited in its name in the National Savings Bank or any other bank approved by the Board as a fixed deposit and shall be in the control exclusively of the Educational

The Educational Board shall not, without the written sanction and approval of the Board of Governors, withdraw any sum whatsoever from the fixed deposits lying to its credit :

The Corporation shall not, without the written sanction and appproval of the Board of Governors,—

sell, mortgage, exchange or alienate in any manner any property belonging to the Corporation

lease any property belonging to the Corporation for a period in excess of one year or lease the same property for any subsequent period

expend any sum of money exceeding twenty-five thousand rupees on any project or for any purpose during a period of one year:

It shall be lawful 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

4

fiatnapura Buddhist Society (Incorporation)

principles and provisions of this Act, for the admission, withdrawal or expulsion of members, the clection and removal of the office-bearers, the Committee of Manage-ment and the Board of Governors, the powers, conduct, duties and functions of the office-bearers, the Committee of

Management, the Board of Governors and the various officers, agents and servants of the Corporation, the establishment of Boards to be affiliated to the Corporation to carry out one or several objects of the Corporation and the determination of their powers and duties, and otherwise generally for the management of the affairs of the Corpora-tion and the accomplishment of its objects. Subject to the provisions of section 11, such rules may be altered, added to, amended or rescinded,

Subject to the provisions of section 9, the rules set out in the Schedule to this Act shall for all purposes be the rules of the Corporation

:

Provided, however, that nothing in this section contained shall be deemed or construed to prevent the Corporation at any general meeting from making fresh rules, or from altering, amending, adding to or rescinding any of the rules set out in such Schedule.

No rule in the Schedule to this Act nor any rule which may hereafter be passed shall be altered, amended, added to or rescinded, except by a vote of two-thirds of the members present and voting at a general meeting specially summoned for the purpose and unless—

such alteration, addition, amendment or rescission shall have been previously approved by the

in the case of any alteration, addition, amendment or cancellation of a rule relating to the exercise of any power, duty or function by the Board of Gover-nors, such alteration, addition, amendment or rescission shall also have been previously approved by the Board of Governors.

Any decision taken by the Board of Governors, the

Corporation or the Educaticnal Board in accordance with the rules existing at the time of such decision shall be final and conclusive and binding on all members.

On the coming into operation of this Act all the property movable and immovable belonging to the Society, whether held in the name of the Society or in the name or in the names of any person or persons in trust for the

Society, shall be and the same are hereby vested in the

Corporation hereby constituted.

Ratnapura Buddhist Society (Incorporation)

All debts and liabilities of the Society 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 Society 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 the

President or the Secretary or the Treasurer and one other member of the Committee of Managernent, 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 able and 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, testamentary disposition, or otherwise, and all such property shall be held by the Corporation for the purposes of this Act and subject to this Act and to the rules of the

Corporation with full power to sell, mortgage, exchange or otherwise dispose of the same.

Nothing in this Act contained shall preiudice 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 bv, from or under them.