New Young Mens Christian Association - Moratuwa (Incorporation) Act 1992

This Act may be cited as the New Young Men’s

Christian Association, Moratuwa

(Incorporation)

Act,

No. 26 of 1992.

9.

Incorpora-tion of the New Young Men’s Christian Associa-tion, Moratuwa

From and after the date of commencement of this

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

New Young Men’s Christian Association, Moratuwa (here-inafter referred to as the “ Association”) or shall hereafter be admitted members of the Corporation hereby constitu-ted, shall be a body corporate (hereinafter referred to as

“the Corporation”) with perpetual succession under the name and style of “The New Young Men's Christian Asso-ciation, Moratuwa” and by that name may sue and be sued with full power and authority to have and use a common seal and alter the same at its pleasure.

The general object for which the Corporation is cons-tituted is declared to be to promote the spiritual, intellectual, social and physical welfare of the young men of Moratuwa.

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 what-soever, a5 are necessary and desirable for the promotion or furtherance of the object of the

Corporation, including the power to open, operate and close bank accounts, to borrow or raise money, with or without security, to receive or collect grants and donations, to invest

2 New Young Men’s Christian Association, Moratuwa

(Incorporation) Act, No. 26 of 1992

its funds, and to engage, employ and dismiss officers and ser-vants required for the purpose of carrying out of the object of the Corporation.

The affairs of the Corporation shall, subject to other provisions of this Act and the rules in force for the time being of the Corporation, be administered by a Board of irectors consisting of such number of members as may be provided for in such rules and elected in accordance there with.

The first Board of Directors of the Corporation shall be the members of the Board of Directors of the Associa-tion holding office on the day preceding the date of commencement of this Act.

It shall be lawful for the Corporation, from time to time, at any general meeting of the Corporation and by a majority of not less than three-fourths of the memkers of the Corporation present and voting, to make rules not inconsistent with the provisions of this Act or any other written law, for the management of the affaics cf the Corporation and the accomplishment of its object.

The rules of the Association in force on the day preceding the date of commencement of this Act, shall, in so far as they are not inconsistent with the provisions of this Act or any other written law, be deemed to be rules made by the Corporation under this Act.

Any rule made by the Corporation, may at a like meeting and in like manner be altered, added to, amended or rescinded,

The members of the Corporation, shall be subkic-+ to the rules of the Corporation.

All debts and liabilities of the Association existing on the day preceding the date of commencement of this Act shall be paid and discharged by the Corporation, and al!

debts due to, and subscriptions and contributions payable to, the Association on that day shall be paid to the Corpo-ration for the purposes of this Act.

New Young Men’s Christian Association, Moratuwa 3

(Incorporation) Act, No. 26 of 1992

The Corporation shall subject to the other provisions of this Act, 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, gift, testamentary disposition or otherwise, and all such property shall be held by the Corporation for the pur-poses of this Act and subject to the rules in force for the time being of the Corporation, with full power to sell, mortgage, lease, exchange or otherwise dispose of the same.

The seol of the Corporation shall not be affixed to any instrument whatsoever, except in the presence of such num-seal of the Corporation is to be affixed, ber of members as may be provided for in the rules of the

Corporation who shall sign and write 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.

Nothing in this Act contained shall prejudice or affect the rights of the Republic, or of any body politie or corporate, or of any other persons except such as are men-tioned in this Act, and those claiming by, from, or under, them.

Sinhala iL In the event of any inconsistency between the Sin-hala and Tamil texts of this Act, the Sinhala text shall prevail.

How the text to prevail in the event of incon-sistency,

Awtual subscription of English Bilis and Acts of the Pariiameiit Ra. 665 (lest).

Rs. 1,153 (Fereign), payable to tre SurrRONTENDENT, Geversiatsr Prenicamoms

Bort, Coromeo 1, before 15th December each yeer in reepect of the year following.