SRI BODHIRAJA FOUNDATION (INCORPORATION) ACT

Arrangement of Sections

1. Short title.

2. Incorporation of the Sri Bodhiraja Foundation.

3. General objects of the Corporation.

4. General Powers of the Corporation.

5. Management of the affairs of the Corporation.

6. Rules of the Corporation.

7. Debts due by and payable to the Foundation.

8. Corporation may hold property movable and immovable.

9. Fund of the Corporation.

10. How the seal of the Corporation is to be affixed.

11. Savings of the rights of the Republic and others.

12. Sinhala text to prevail in case of inconsistency.

SCHEDULE

30 of 1993.

AN ACT to incorporate the Sri Bodhiraja Foundation.

[Date of Commencement: 29th July, 1993]

1. Short title.

This Act may be cited as the Sri Bodhiraja Foundation (Incorporation) Act.

2. Incorporation of the Sri Bodhiraja Foundation.

From and after the date of commencement of this Act such and so many persons as now are members of the Sri Bodhiraja Foundation (hereinafter referred to as "the Foundation”) or shall hereafter be admitted as members of the Corporation hereby constituted shall be and become a body corporate with perpetual succession under the name and style of the "Sri Bodhiraja Foundation” (herein after referred to as "the Corporation”) and by that name may sue and be sued with full power and authority to have and use a common seal and alter the same at its pleasure.

3. General objects of the Corporation.

The general objects for which the Corporation is established are hereby declared to be—

(a) to preserve and disseminate the Theravadi Buddhist philosophy and way of life;

(b) to maintain friendly relations with other Buddhist Organisations in and outside Sri Lanka;

(c) to conduct vocational educational courses for youth in Sri Lanka;

(d) to train students in small industries and to help them financially or otherwise to establish themselves as useful citizens;

(e) to foster and promote education, by establishing and maintaining schools, Buddhist Dhama Schools, Pirivesnas and institutions for child education, and by granting scholarships;

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