BOARD OF DIRECTORS OF THE MAHAWELI CULTURAL FOUNDATION TRUST (INCORPORATION) ACT

Arrangement of Sections

1. Short title.

2. Incorporation of the Board of Directors of the Mahaweli Cultural Foundation Trust.

3. General objects of the Corporation.

4. Rules of the Corporation.

5. Fund of the Corporation.

6. Management of the affairs of the Corporation.

7. Register of members.

8. Appointment of Committees.

9. Debts due by and payable to the Trust.

10. Powers of the Corporation.

11. Corporation may hold property movable and immovable.

12. Audit and accounts.

13. How the seal of the Corporation to be affixed.

14. Property remaining on dissolution.

15. Saving of the right Republic and others.

16. Sinhala text to prevail in case of inconsistency.

27 of 2009.

AN ACT to incorporate the Board of Directors of the Mahaweli Cultural Foundation Trust.

[Date of Commencement: 6th May, 2009]

1. Short title.

This Act may be cited as the Board of Directors of the Mahaweli Cultural Foundation Trust (Incorporation) Act.

2. Incorporation of the Board of Directors of the Mahaweli Cultural Foundation Trust.

From and after the date of commencement of this Act, the members of Board of Directors for the time being of the Mahaweli Cultural Foundation Trust (hereinafter referred to as the "Trust”) or shall hereafter be admitted as members of the Board of Directors of the said Trust shall be a body corporate (hereinafter referred to as the "Corporation”) with perpetual succession under the name and style of the "Board of Directors of the Mahaweli Cultural Foundation Trust” and by that name may sue and be sued, with full power and authority to have and to use a common seal and to alter the same at its pleasure.

3. General objects of the Corporation.

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

(a) to complete the sacred Kotmale Mahaweli Maha Seya, which is presently under construction and carry out maintenance and rehabilitation thereof;

(b) to ensure and facilitate the performance of traditional Buddhist and cultural rituals at Mahaweli Maha Seya;

(c) to hold exhibitions, lectures, seminars and make publications in order to promote awareness about the objectives of the Corporation;

(d) to act for the benefit of Buddhist institutions all over Sri Lanka giving priority to Central Province where the sacred Mahaweli Maha Seya is situated;

(e) to take every possible step to assist the progress of the Buddha Sasana;

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