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Short title.
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1. This Act may be cited as the Back to the Bible Broadcast, Ceylon, Act.
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Incorporation.
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2. From and after the date of passing of this Act, the members for the time being of the ” Back to the Bible Broadcast, Ceylon ” and such or so many persons as now are members of the said ” Back to the Bible Broadcast, Ceylon” or shall hereafter be admitted members of the Corporation hereby constituted, shall be and become a corporation with continuance for ever under the style and name of ” Back to the Bible Broadcast, Ceylon ” (hereinafter in this Act referred to as ” the Corporation “) and by that name shall and may sue and be sued in all Courts with full power and authority to have and use a common seal and to alter or vary the same at its discretion.
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General objects of the Corporation.
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3. The general objects for which the Corporation is constituted are hereby declared to be:-
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(a) to teach the message of the Holy Scriptures by means of radio, literature, Bible correspondence courses, Bible classes and other educational media;
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(b) to print, publish and distribute books, booklets, papers, journals, magazines, newspapers, circulars and other reading material in connexion with the objects of the Corporation as may be considered necessary or desirable;
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(c) to promote and to hold Bible conferences and meetings and to disseminate information relating to the Christian faith:
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(d) to establish and maintain contact with other institutions, whether in Sri Lanka or not, having objects similar to those of the Corporation and affiliate any such institutions to the Corporation.
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Powers of the Corporation to hold property.
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4. The Corporation shall be able and capable in law to receive and hold property, both movable and immovable, upon or by virtue of any purchase, exchange, lease, grant, gift or upon or by virtue of any testamentary disposition or otherwise; and all such property shall be held by the Corporation for the purposes of this Act and subject to the rules for the time being of the said Corporation with full power (subject to any trust attaching to such property and to the law regulating such trust) to sell, mortgage, lease, exchange or otherwise dispose of the same, and to invest its funds in such manner as may be necessary or expedient.
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General powers of the Corporation.
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5. The Corporation shall have the power to do, perform and execute all such acts, matters and things Whatsoever as are necessary or desirable for the promotion or furtherance of the objects of the Corporation or any one of them including, but without prejudice to the generality of the foregoing, the power to open, operate and close bank accounts (whether current or fixed), to borrow or raise moneys with or without security, to engage, employ and dismiss personnel required for the carrying out of the objects of the Corporation and to remunerate any such persons at such rates and in such manner as it may think fit.
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Debts, & c, due by and payable to the corporation.
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6. All the debts and liabilities of the said Back to the Bible Broadcast, Ceylon, existing at the time of the coming into operation of this Act shall be paid by the Corporation hereby constituted and all debts due to and subscriptions and contributions payable to the said Back to the Bible Broadcast, Ceylon, shall be paid to the Corporation hereby constituted.
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Board of Directors of the Corporation.
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7.
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(1) The affairs of the Corporation shall, subject to the rules in force for the time being of the Corporation, be administered by a Board of Directors consisting of the President, Vice-President, Secretary and Treasurer and such other person or persons as may be elected or appointed in accordance with the rules for the time being of the Corporation.
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(2) The Board of Management holding office on the date of commencement of this Act shall be the first Board of Directors of the Corporation.
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(3) The Board of Directors may from time to time appoint one or more of the members of the Board to be the holder of any executive office including the office of Managing Director or Manager on such terms and for such period as they may determine. The Board may also appoint any person as Technical Director on such terms and conditions as the Board thinks fit but no such appointee shall vote at any meetings of the Board unless by the terms of appointment the appointee is given the right to vote. Any person appointed to an executive office including the office of Technical Director may be removed by the Board at any time.
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(4) The Board of Directors may entrust to and confer upon any member of the Board appointed to hold any executive office or the office of Technical Director any of the powers exercisable by the Board of Directors upon such terms and conditions and for such period as they may think fit and either collaterally with or to the exclusion of their own powers and may from time to time revoke, withdraw, alter or vary all or any of such powers.
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(5) Any member of the Board of Directors appointed to any executive office and- the Technical Director shall receive such remuneration as the Board of Directors may determine.
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Rules of the Corporation.
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8.
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(1) It shall be lawful for the Corporation from time to time at any General Meeting of the members and by a majority of two-thirds of the members present and voting at such General Meeting to make rules for the admission, retirement, withdrawal or expulsion of members, for the conduct of the duties of the Board of Directors, and of the various officers, agents and servants of the Corporation, for the procedure to be followed in the transaction of business, and otherwise generally for the management, control and conduct of the affairs of the Corporation and the accomplishment of the objects of the Corporation. Such rules when made may at a like meeting be altered, added to, amended, cancelled, modified or varied subject to the requirements of subsection (4) hereof.
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(2) Subject to the provisions in the preceding subsection contained, the rules set forth in the Schedule* hereto shall for all purposes be the rules of the Corporation:
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Provided, however, that nothing in this subsection contained shall be held or construed to prevent the Corporation at any time hereafter from making or adopting fresh rules, or from deleting, amending, adding to, or cancelling or modifying or varying any of the rules in the Schedule* or to be hereafter made by the Corporation from time to time. [* Schedule omitted.-Private enactment]
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(3) All members of the Corporation shall be subject to the rules in force for the time being of the Corporation.
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(4) No rule in the Schedule* hereto nor any rule hereafter passed at a General Meeting shall be altered, added to, amended or cancelled, modified or varied except by a vote of two-thirds of the members present and voting at a General Meeting of the Corporation provided that such amendment shall have been previously approved by the Board of Directors.[* Schedule omitted.-Private enactment]
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Non-payment of dividends and profits.
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9. The income and property of the Corporation shall be applied solely towards the promotion or the furtherance of the objects of the Corporation and no part or portion thereof shall be paid or transferred directly or indirectly by way of dividend, bonus or otherwise by way of profit to the members of the Corporation; but nothing herein contained shall prohibit the payment of remuneration to any employee of the Corporation (whether or not such employee is a member of the Corporation) or the payment of any remuneration or fee to any member of the Corporation for services rendered by him to the Corporation, or the payment of any interest on any loans, or the payment or reimbursement of expenses incurred in and about the management of the affairs of the Corporation whether by a member of the Board of Directors or otherwise.
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Members of the Corporation and Board of Directors not personally liable.
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10. No member of the Corporation or the Board of Directors shall be personally liable for the debts, liabilities or obligations of the Corporation.
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How seat of the Corporation is to be affixed.
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11. The seal of the Corporation shall not be affixed to any instrument whatsoever except in the presence of two members of the Board of Directors for the time being of the Corporation who shall sign their names to the instrument in token of their presence, and such signing shall be independent of the signing of any person as a witness.
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Saving of rights of the Republic and others.
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12. Nothing in this Act contained shall prejudice or affect the rights of the Republic, or of any body politic or corporate, or of other persons, except such as are mentioned in this Act and those claiming by, from, or under them.
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