FOUZ TRUST (INCORPORATION) ACT

Arrangement of Sections

1. Short title.

2. Incorporation of the Fouz Trust.

3. General objects of the Corporation.

4. Powers of the Corporation.

5. Management of the affairs of the Corporation.

6. Corporation may hold Property movable and immovable.

7. Rules of the Corporation.

8. Fund of the Corporation.

9. Accounts and auditing.

10. Debts due by and payable to the Trust.

11. The seal of the Corporation.

12. Property remaining on dissolution.

13. Saving of the Right of the Republic and Others.

14. Sinhala text to prevail in case of inconsistency.

32 of 2007.

AN ACT to incorporate the Fouz Trust.

[Date of Commencement: 10th August, 2007]

1. Short title.

This Act may be cited as the Fouz Trust (Incorporation) Act.

2. Incorporation of the Fouz Trust.

From and after the date of commencement of this Act, such and so many persons as now are members of the Board of Trustees of the Fouz Trust (hereinafter referred to as the "Trust”) and hereafter be admitted as members of the said Trust shall be a body Corporate with perpetual succession under the name and style of "Fouz Trust” (hereinafter referred to as the "Corporation”) 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 Trust is created are hereby declared to be—

(a) to improve the standard of education of the Muslim Students and to develop the less resourceful Tamil medium schools in Southern Province;

(b) to provide educational materials in Sinhala Language to Muslim Students studying in Sinhala Medium;

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