CEYLON RAILWAY GUARDS' AND LOCOMOTIVE ENGINEMEN'S PROVIDENT ASSOCIATION ACT

Arrangement of Sections

1. Short title.

2. Incorporation.

3. General objects.

4. Membership.

5. Committee of Management.

6. General Meetings.

7. Register of members.

8. Rules.

9. Property to be held by the Corporation.

10. Debts due by and payable to the Corporation.

11. Corporation may hold property movable and immovable.

12. Corporation may not sell, exchange or mortgage lands without leave of court.

13. Seal of Corporation how affixed.

14. Investment of funds.

15. Dissolution.

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

15 of 1969.

AN ACT to incorporate the Ceylon Railway Guards' and Locomotive Enginemen's Provident Association.

[Date of Commencement: 1st June, 1969]

1. Short title.

This Act may be cited as the Ceylon Railway Guards' and Locomotive Enginemen's Provident Association (Incorporation) Act.

2. Incorporation.

The persons who, on the date of the commencement of this Act, are members of the Ceylon Railway Guards' and Locomotive Enginemen's Provident Association (hereinafter referred to as "the Association”) and such other persons as are hereafter enrolled as members of the Association shall be a body corporate (hereinafter referred to as "the Corporation”) with perpetual succession, a common seal and the name "the Ceylon Railway Guards' and Locomotive Enginemen's Provident Association”. The Corporation may sue or be sued by that name.

3. General objects.

The general objects of the Corporation shall be—

(a) to promote thrift among its members;

(b) to aid members in pecuniary difficulties and to give relief to them by way of financial assistance in times of need;

(c) to grant loans to members for such purposes as the Corporation may from time to time determine in accordance with the rules of the Corporation made as hereinafter provided;

(d) on retirement, resignation, dismissal or termination of services in any other way or on the death, of any member, to pay him or to his widow and children, heirs or nominees, as the case may be, such portion of his contributions to the funds of the Corporation and such donations, as may be authorised by the rules of the Corporation; and

(e) generally to assist financially the members of the Corporation.

4. Membership.

(1) Every person of the age of thirty years or under holding an appointment in the Government Railway in any of the under mentioned grades shall be eligible for admission as a member of the Corporation—

(a) Guards, Locomotive Enginemen, Engine Drivers and Locomotive Enginemen Trainees;

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