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srilawsby aturio
As enacted
Contents

8. 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 gifts, testamentary dispositions, transfers, donations, contributions of fees shall be deposited in the name of the Corporation in one or more banks as may be decided by the Executive Committee.

(2)

The Corporation may establish a depreciation fund or a sinking fund for the purpose of rehabilitation, development or improvement of the property of the Corporation.

(3)

All expenses incurred by the Corporation in the exercise of the powers of the Corporation shall be paid out of the fund.

Read on from s 9