Skip to content
srilawsby aturio
As enacted
Contents

9. The Fund of the Corporation

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

(1)

The Corporation shall have its own Fund and all moneys received by way of gift, bequest, donations, subscription, contribution, fees or grants for and on account

Sri Kalyanodaya Society-Kandy of the Corporation shall be deposited to the credit of the

Fund of the Corporation in one or more banks as the

Committee may determine.

(2)

The Corporation may establish any depreciation or reserve fund for the purpose of rehabilitation, improvement and development of the properties belonging to the

Corporation.

(3)

There shall be paid out of the Fund, all sums of money required to defray any expenditure incurred by the

Corporation in the exercise, performance and discharge of its powers, duties and functions under this Act.

(4)

All moneys and properties received for the Fund shall be utilized solely for the purposes of the Corporation and in any event they shall not be alienated to the members.

Read on from s 10