Kandyan Scholarship Fund
(Board of Trustees) Act

Arrangement of Sections

1. Short title.

2. Incorporation of the Board of Trustees of the Kandyan Scholarship Fund.

3. Power of the Corporation to hold property.

4. Constitution of the Board.

5. Rules.

6. The Fund.

7. Bankers.

8. Use of income.

9. Selection of scholarship holders.

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

11. Interpretation.

25 of 1971.

AN ACT to incorporate the board of trustees of the Kandyan Scholarship Fund, to declare the purposes to which the moneys in that fund shall be applied and to make provision for matters connected therewith or incidental thereto.

[Date of Commencement: 28th June, 1971]

1. Short title.

This Act may be cited as the Kandyan Scholarship Fund (Board of Trustees) Act.

2. Incorporation of the Board of Trustees of the Kandyan Scholarship Fund.

From and after the passing of this Act, the members for the time being of the Board of Trustees of the Kandyan Scholarship Fund shall be a body corporate with perpetual succession and the name "The Board of Trustees of the Kandyan Scholarship Fund”. The Corporation may sue and be sued by that name.

3. Power of the Corporation to hold property.

The Corporation may acquire and hold any property, movable or immovable, by right of purchase, grant, gift, testamentary disposition or otherwise and all such property shall be held by the Corporation subject to the rules for the time being of the Corporation and may, subject to such rules, be sold, mortgaged, leased, exchanged or otherwise disposed of.

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