POST AND TELEGRAPH BENEFIT Association ordinance

Arrangement of Sections

1. Short title.

2. Post and Telegraph Benefit Association incorporated.

3. General objects of the Corporation.

4. Committee of Management.

5. Powers of Committee.

6. Vacancies how filled.

7. Membership.

8. Register of members.

9. Books of account.

10. Remuneration of member or members of Committee and Auditor.

11. Rules.

12. General Meetings.

13. Annual General Meeting.

14. Who shall preside at General Meetings.

15. Quorum for General Meetings.

16. Voting.

17. Time limited for reconsideration of decision of General Meetings.

18. Mode in which rule or order once made, may be subsequently altered, added to, amended, or cancelled.

19. Rules to bind members.

20. Security from officers, agents, and servants.

21. Debts due by and payable to Association.

22. Funds of the Corporation, how to be kept and invested.

23. Funds of the Corporation, how operated on.

24. Powers of Committee relating to certain officers.

25. Seal of Corporation, how affixed.

26. Corporation may hold property movable or immovable.

27. Corporation may demise land on lease.

28. Corporation may not sell, exchange or mortgage land without leave of Court.

29. Doubt or ambiguity how decided.

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

 

14 of 1947.

AN ORDINANCE to incorporate the Post and Telegraph Benefit Association.

[Date of Commencement: 13th March, 1947]

1. Short title.

This Ordinance may be cited as the Post and Telegraph Benefit Association Ordinance.

2. Post and Telegraph Benefit Association incorporated.

On and after the passing of this Ordinance, such and so many persons as are now members of the Post and Telegraph Benefit Association (hereinafter referred to as "the Association”), or shall hereafter be admitted members of the Association and whose names shall be inscribed in the register mentioned in section 8 hereof shall be and become a Corporation with continuance for ever under the name of "The Post and Telegraph Benefit Association” (hereinafter referred to as "the Corporation”) and by that name shall sue and be sued in all Courts, and shall have full power and authority to have and to use a common seal and to change and alter the same at their will and pleasure.

3. General objects of the Corporation.

The general objects for which the Corporation is constituted are hereby declared to be to promote thrift, to give relief to its members in times of sickness or need, to give to any member on retirement, resignation or dismissal from the public service or withdrawal from membership, his accumulated savings, or on or after the death of any member, to his nominee or nominees or heirs-at-law, his accumulated savings and such donation, if any, as may be authorised by the rules of the Corporation made as hereinafter provided.

4. Committee of Management.

(1) The affairs of the Corporation shall be administered subject to the provisions of this Ordinance and the rules for the time being of the Corporation, by a Committee of Management to be elected in accordance with rules which the Corporation shall make hereunder.

(2) The first Committee of Management shall consist of the President, the honorary Secretary, the honorary Treasurer and the other members of the Committee of Management holding office at the time of the coming into operation of this Ordinance.

5. Powers of Committee.

The Committee shall, subject to the provisions of the Ordinance and of any rules in force from time to time have full power and authority generally to govern, direct and decide all matters, whatsoever connected with the appointment and dismissal of officers, agents, and servants and with the administration of the affairs of the Corporation and the accomplishment of the objects thereof, and to defray out of the funds of the Corporation all expenses necessary for the purposes of such appointment and administration:

Provided that, the said Committee shall not exercise any powers which are by this Ordinance or by any rules in force from time to time, declared to be exercisable by the Corporation in General Meeting:

Provided further that no rule made by the Corporation in General Meeting shall invalidate any Prior Act of the said Committee which would have been valid if such rule had not been made.

6. Vacancies, how filled.

(1) On the death, resignation, transfer from Colombo or absence from Sri Lanka of the President or the Secretary or the Treasurer or of any elected member of the Committee, or in the event of any of them either absenting himself from three consecutive meetings of the Committee without reasonable excuse forwarded in writing addressed to the President and accepted by the Committee, or ceasing to be a member of the Corporation under the rules in force from time to time it shall be lawful for the remaining members of the Committee to elect as his successor any member of the Corporation who is eligible for election under the rules of the Corporation and the member so elected shall continue in office until the Annual General Meeting of the Corporation next following his election.

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