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Contents

Act of Parliament

S. D. Bandaranayake Foundation (Incorporation) Act 2004

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Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

Official translation, read from a scanFrom Department of Government Printing's scanned PDF, read by OCR; may contain errors

s 1

This Act may be cited as the S. D. Bandaranaike

Fouwdation (Incorporation) Act. No. 3. of 2004.

s 2Incorporation of the S. D. Bandaranaike Foundation

Fromand after the date of commencement of this Act, such and so many persons as presently are members of the

S. D. Bandaranaike Foundation (hercinafter referred to as the

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

S. D. Bandaranaike Foundation, and by that name may suc and be sued in all Courts with full power and authority to have and use a common seal and to alter ihe same at its pleasure.

s 3General Objects of the Corporation

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

(a)

to organise the educational activities and pre training programmes to those who had no education, such as poor children and the young ;

2—H 015303-5.650 (2002/04)

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S$. D. Bandaranaike Foundation (Incorporation)

Act, No. 3 of 2004

(b)

to lead the nation to the global peace based on the

Buddhist principles and coexistence and to provide intelligent development through it;

(c)

to train the youth labour for the welfare of the common man ;

(d/)

toencourage the farmers and establishment of youth farmers organisations ;

(ce)

todraw the special attention of the youth for training in pre-vocational education and in the field of sports

(f)

to conduct seminars, lectures and exhibitions and to organise educational tours +

(g)

to establish and maintain librarics ;

(h)

to protect persons who are engaged in indigenous medicine for generations and the herbal plants ;

(4)

to do all such other acts, deeds, matters and things as are incidental or conducive to the attainment of the objectives of the Foundation,

s 4Powers of the Corporation

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 or furtherance of the objects of the Corporation or any one of them including the power-to open, operate and close bank accounts, to enter into all contracts directly or through a representative as may be necessary, to borrow or raise money with or without security. to reccive or collect grants and donations and payment of interests thereto, to invest its funds in local and foreign investments with the view of raising funds of the Corporation, to engage, employ and dismiss officers and servants required for the carrying out.of the objects of the Corporation.

S. D, Bandaranaike Foundation (Incorporation)

3

Act, Na. 3 of 2004

(1)

The management of the affairs of the Corporation shall subject to the rules of the Corporation, be administered by an Executive Council (hereatter referred to as the

“Council”) consisting of President, Vice President. Sceretary,

Assistant Seerctary, ‘Treasurer, Assistant Treasurer and six office bearers and such number of members as may be provided for in such rules and elected in accordance therewith.

(2)

The first. Council of the Corperation shall be the

Couneil of the Foundtion holding office on the day preceding the date of commencement of this Act.

4.

Rules of the Corporation

(1)

Itshall be lawful for the Corporation from time to time at any general meeting of the Corporatian and by a majority of not less than (wo-thirds of the mombers present and voting to make rules, not inconsistent wiih the pravisions of this Act or any other written law, for al or any of the following matters :—

(a)

the admission, classification af membership, withdrawal-or expulsion of members ;

(b)

the slection af office bearers, the resignation from or vacguion of or removal from office of, offige hearers, remuncration af office hearers and their powers, conduct and duties ;

(c)

the election of the members ol the Council and its powers, conduct and duties and the terms of office of the members af the Council :

(d)

the powers, condust, duties and functions of the

Various officers, agents and servants. of the

Corportions ;

(e)

the procedure to be observed. anc the summoning and holding of meetings of the Council, the times, places, notices and agenda of such meetings, the quorum therefore and conduct of business thereat ;

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S. D. Bandaranaike Foundation (Incorporation)

Act, No. 3 of 2004

(1)

.

the administration and management of the property of the Corporation : and

(g)

generally for the mvnagement of the affairs of the

Corporation and the accomplishment of its objects

(2)

Any rule made by the Corporation may be amended, altered, added or rescinded ata like mecting and in like manner as a rule made under subsection (1).

(3)

The rules of the Foundation in foree on the day immediately preceding the date of commencement of this Act, shall insofar as they are not inconsistent with the provisions of this Act. or any other written law, be deemed to be rules of the Corporation made under this section, (4) The members of the Corporation shall be subject to the rules of the Corporation,

s 7Debts due by and payable to the Foundation

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

Foundation on the day shall be paid to the Corporation for the purpose of this Act.

s 8Corporation may hald property movable and immovable

The Corporation shall be able and capable in law to

Acquire and hold any property movable or immovable which may become vested in it by virtue of any purchase, grant, gill, testamentary disposition or otherwise, and all such property shall be held by the Corporation for the purposes of this Act with full power to sell, mortgage, lease, exchange or atherwise dispose of the same.

s 9Seal of the Carporation

The seal of the Corporation shall not be affixed to any instrument whatsoever except in the presence of such number of office bearers as may be provided for in the rules of the

Corporation 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.

S. D. Bandaranaike Foundation (Incorporation)

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Act, No, 3 of 2004

s 10Saving of the rights of the Republic and others

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

s 11Sinhala text to prevail in case of inconsistency

Intheevent of any inconsistency between the Sinhala and Tamil texts of this Act, the Sinhala text shall prevail.