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short title.
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1. This Act may be cited as the Bope Sudharmarama Purana Maha Vihara Sanwardhana Samitiya (Incorporation) Act, No. 50 of 1988.
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Incorporation of the Bope Sudharmarama- Purana Maha Vihara Sanwardhana Samitiya.
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2. From and after the date of commencement of this Act, such and so many persons as now are members of the Bope Sudharmararma Purana Maha Vihara Sanwardhana Samitiya (hereinafter referred to as ” the Society “) or shall hereafter be admitted members of the Corporation hereby constituted, shall be a body corporate (hereinafter referred to as ” the Corporation”) with perpetual succession under the name- and style of the ” Bope Sudharmarama Purana Maha Vihara Sanwardhana Samitiya ” and by that name may sue and be sued in all courts, with full power and authority to have and use a common seal and alter the same at its pleasure.
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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 assist in the maintenance of the buildings of the Bope Sudharmarama Purana Maha Vihara and in the construction of new buildings when necessary;
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(b) to conduct activities for the promotion of religious fervour among the people in the area in general, and among Buddhists in particular; and
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(c) to promote activities for the spiritual, cultural, social and physical welfare of its members.
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General powers of the Corporation,
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4. Subject to the provisions of this Act and any other written law, 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 the power to open, operate and close bank accounts, to borrow or raise money, with or without security, to receive or collect grants and donations, to invest its funds and to engage, employ and dismiss officers and servants required for the carrying out of the objects of the Corporation.
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Management affairs of Corporation.
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5.
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(1) The affairs of the Corporation shall, subject to the rules of the Corporation, be administered by an. Executive Committee consisting of the office-bearers and such other persons as may be provided for in such rules and elected in accordance therewith.
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(2) The first Executive Committee of the Corporation shall be the Executive Committee of the Society holding office on the day preceding the date of commencement of this Act.
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Board of Trustees.
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6.
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(1) The custody of all immovable property of the Corporation shall, subject to the rules of the Corporation, be vested in a Board of Trustees consisting of such number of persons to be elected in accordance with the rules of the Corporation
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(2) The first Board of Trustees of the Corporation shall be the Board of Trustees of the society holding office on the date of commencement of this Act.
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Rules of the Corporation.
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7.
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(1) It shall be lawful for the Corporation, from time to time, at any general meeting of the Corporation and by the votes of not less than two-thirds of the members present and voting, to make rules, not inconsistent with the provisions of this Act or any other written law for the admission, withdrawal or expulsion of members, for the election of office-bearers and members of the Executive Committee and the Board of Trustees and 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 of the affairs of the Corporation and the accomplishment of its objects. Such rules when made may, at a like meeting and in like manner, be altered, added to, amended or rescinded.
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(2) The members of the Corporation shall be subject to the rules of the Corporation.
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Debts due and payable to the Society.
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8. All debts and liabilities of the Society existing on the day preceding the date of commencement of this Act shall be paid and discharged by the Corporation, and all debts due to and subscriptions and contributions payable to, the Society on. that date shall be paid to the Corporation for the purposes of this Act.
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Corporation may hold property movable and immovable.
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9. Subject to the provisions of section 6, the Corporation shall be able and capable in law to take over and hold any property, movable or immovable which may become vested in it by virtue of any purchase, grant, gift, testamentary immovable. disposition or otherwise, and all such property shall be held by the Corporation for the purposes of this Act and subject to the rules of the Corporation, with full power to sell, mortgage, lease, exchange or otherwise dispose of the same.
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How the seal of the Corporation is to be affixed.
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10. The seal of the Corporation shall not be affixed to any instrument whatsoever, except in the presence of such number of persons as may be provided for in the rules 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 the rights of the Republic and others,
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11, Nothing in this Act contained shall prejudice, or affect, the rights at the Republic, or any body politic or corporate, or any other persons except such as are mentioned in this Act and those claiming by, from, or under, them.
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