2. Incorporation of the Sri Sarananda Development Foundation

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

Sarananda Development Foundation (hereinafter referred to as the “Foundation”), and such other persons as shall hereafter be admitted as members of the Corporation herby constituted, shall be a body corporate with perpetual succession, under the name and style of the Sarananda 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 to use, a common Seal and to alter the same at its will and pleasure.