Pelpola Vipassi Foundation (Incorporation) Act 1998

This Act may be cited as the Pelpoia Vipassi

Foundation (Incorporation) Act, No.16 of 1998.

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

Vipassi Foundation (hereinafter referred to as “the

Foundation”) or shall be admitted as members of the

Corporation hereby constituted, shail be a body corporate

(hereinafter referred to as the “Corporation”) with perpetual succession under the name and style of “the Pelpola Vipassi

Foundation” and by that name may sue and be sued, in all courts with full power and authority to have and use a common seal and to alter the same at its discretion.

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

”

to propagate Buddhist doctrine, Buddhist philosophy,

to promote universal brotherhood amongst all peoples of the world ;

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Pelpola Vipassi Foundation (Incorporation)

to Construct, maintain and administer, Pilgrims Rests, childrern parks, playgrounds, sports training centres, orphanages, clinics, hospitals, diagnostic centres and community halls, and to extend medical relief and aid, in any manner, to the needy ;

todo ail such other things as are necessary, conducive, or incidental to the attainment of the objects of the

The Corporation shall, subject to the provisions of this Act and any other written law, have the power—

to appoint, remunerate and exercise disciplinary control over, such officers and servants as may be necessary for the purposes of the Corporation ;

to receive or collect any aid, grant ar gift in cash or in kind from any person, or body of persons, corporate or otherwise ;

to establish branch organisations of the Corporation in foreign countries for the purpose of achieving all or any of the objects of the Corporation ;

to borrow or raise money, for the furtherance of the objects of the Corporation, and to execute any mortgage or bond to secure the payment of the money so borrowed or raised ; and

to enter into or perform, either directly or through its officers or servants or agents authorised in that behalf by the Corporation, all such contracts and agreements as may be necessary, for carrying on the objects of the Corporation.

It shall be lawful for the Trustee-President of the

Notwithstanding any thing contained in subsection (1)

Subject to the provisions of this Act, and any other written law, the Corporation shall be able and capable in law, to take 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 purposes 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 o:herwise dispose of the same.

It shall be lawful for the Corporation, from time to time, at any general meeting of the members and by votes of at least two-thirds of the members present and voting, to make cules not inconsistent with the provisions of this Act, or any other written law, for the admission, withdrawal or expulsion of members, election of the office-bearers and otherwise generally, for the management of the affairs of the Corporation and the attainment of its objects including rules providing for the filling of any vacancy in the office of Trustee-President of the Corporation. Such rules when made may, at a like meeting and in like manner be altered, added, to, amended or rescinded.

The Rules of the Foundation in force on the day immediately 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 the rules of the Corporation made under this section and may be altered, added to, amended, rescinded or replaced by rules made under this Act.

The members of the Corporation shall be subject to the tules of the Corporation.

All debts and liabilities of the Foundation existing on the day preceding the date of commencement of this Act, shall be paid by the Corporation and all debts due to, and subscriptions and contributions payable to, the Foundation on that day shall be paid to the Corporation, for the purposes of this Act.

Pelpola Vipassi Foundation (Incorporation)

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Act, No. 16 of 1998

The seal of the Corporation shall be kept in the custody of the Trustee-President of the Corporation and shall not be affixed to any instrument whatsoever, except in the presence of such Trustee-President and of such number of persons as may be provided for in the rules in force for the time being of the Corporation, who shall sign their names to the instruments in token of their presence, and such signing shall be independent of the signing of any such person as a witness.

Nothing in this Act contained shall prejudice or effect the rights of the Republic or of any body politic or corporate or of any other persons except such as are mentioned in this

Act, and those claiming by, from, or under them.

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