MAHINDANANDA ALUTHGAMAGE FOUNDATION (INCORPORATION) ACT

Arrangement of Sections

1. Short title.

2. Incorporation of the Mahindananda Aluthgamage Foundation.

3. General objects of the Corporation.

4. Management of the affairs of the Corporation.

5. General powers of the Corporation.

6. Rules of the Corporation.

7. Corporation may hold movable and immovable property.

8. The Fund of the Corporation.

9. Debts due by and payable to the Foundation.

10. Limitation of liabilities of members.

11. Audit and accounts.

12. Seal of the Corporation.

13. Property remaining on dissolution.

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

15. Sinhala text to prevail in case of inconsistency.

75 of 2009.

AN ACT to incorporate the Mahindananda Aluthgamage Foundation.

[Date of Commencement: 23rd December, 2009]

1. Short title.

This Act may be cited as the Mahindananda Aluthgamage Foundation (Incorporation) Act.

2. Incorporation of the Mahindananda Aluthgamage Foundation.

From and after the date of commencement of this Act, such and so many persons as now are members of the Mahindananda Aluthgamage Foundation (hereinafter referred to as the "Foundation”) or shall hereafter be admitted as members of the corporation hereby constituted, shall be a body corporate with perpetual succession, under the name and style of the Mahindananda Aluthgamage Foundation (hereinafter referred to as the "Corporation”) and by that name may sue and be sued and shall have 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 award prizes and scholarships to needy school children to enable them to continue their education and to encourage them to attend school regularly;

(b) to establish and maintain libraries including mobile libraries to assist the students in their educational activities;

(c) to organise seminars, workshops, lectures, exhibitions, and educational tours with a view to promoting the educational activities of school children;

(d) provide for loan schemes and other assistance to school principals and teachers in order to encourage them to enhance their professional knowledge;

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