BOARD OF TRUSTEES OF THE LALITH ATHULATHMUDALI EDUCATIONAL TRUST, BALANGODA (INCORPORATION) ACT

Arrangement of Sections

1. Short title.

2. Incorporation of the Board of Trustees of the Lalith Athulathmudali Educational Trust, Balangoda.

3. General objects of the Corporation.

4. Constitution of the Board of Trustees.

5. Powers, duties and functions of the Board.

6. Fund of the Trust.

7. Debts due by and payable to the Trust.

8. Seal of the Corporation.

9. Rules of the Corporation.

10. Saving of the rights of the Republic and others.

41 of 1987.

AN ACT to incorporate the Board of Trustees of the Lalith Athulathmudali Educational Trust, Balangoda.

[Date of Commencement: 23rd October, 1987]

1. Short title.

This Act may be cited as the Board of Trustees of the Lalith Athulathmudali Educational Trust, Balangoda (Incorporation) Act.

2. Incorporation of the Board of Trustees of the
Lalith Athulathmudali Educational Trust, Balangoda.

From and after the date of commencement of this Act, the members for the time being of the Board of Trustees of the Lalith Athulathmudali Educational Trust, Balangoda (hereinafter referred to as "the Trust”) shall be a body corporate (hereinafter referred to as ”the Corporation”) with perpetual succession under the name and style. If the "Board of Trustees of the Lalith Athulathmudali Educational Trust, Balangoda” 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 pleasure.

3. General objects of the Corporation.

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

(a) to promote educational activities;

(b) to promote the general welfare of the student community in Sri Lanka;

(c) to provide financial assistance and to award scholarships to students permanently residing in the Assistant Government Agents' divisions of Balangoda and Imbulpe who are unable to pursue higher studies due to economic reasons;

(d) to promote and advance the national arts and crafts giving first preference to the promotion and advancement of such arts and crafts in the Assistant Government Agents' divisions of Balangoda and Imbulpe;

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