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Short title.
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1. This Act may be cited as the National Academy of Sciences of Sri Lanka (Incorporation) Act, No. 66 of 1988.
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Incorporation of the National Academy of Sciences of Sri Lanka.
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2. From, and after the date of commencement of this Act, the persons as now are Fellows of the National Academy of Sciences of Sri Lanka (hereinafter referred to as ” the Academy “) and whose names appear in the Schedule hereto and such other persons as shall hereafter be admitted Fellows of the Corporation hereby constituted, shall be and become a body corporate with perpetual succession under the name and style of ”the National Academy of Sciences of Sri Lanka” (hereinafter referred to as ” the Corporation “) 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 to 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 promote, advance, declare and disseminate scientific knowledge:
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(b) to establish and maintain standards of scientific endeavour and achievement in the sciences in Sri Lanka, and to recognize outstanding contributions to the advancement, of science;
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(c) to act as an independent consultative body to the Government, to undertake and direct research when necessary, to take congnizance of and report on issues in which scientific and technological considerations are paramount to the national interest, to advise on activities related to the applications of science and technology in national development, and to report on the utilization of worldwide scientific achievements for the development of Sri Lanka;
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(d) to report on the management and the rational utilization of the national resources of Sri Lanka so as to ensure optimal productivity consistent with continued use of the biosphere on a long term basis taking into account the repercussions of using a particular resource on other resources and the environment as a whole, and to help in making use of the resources of the country in national development;
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(e) to publish and promote the publication of scientific literature, and maintain a library:
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(f) to promote and maintain liaison between Sri Lanka scientists and scientific bodies, both local and international; and
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(g) to secure and manage funds and endowments for the promotion of science and technology and for other purposes deemed necessary.
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Powers and functions of the Corporation,
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4.
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(1) The Corporation shall, subject to the provisions of this Act and any other written law, have the power to do all such acts as are necessary for, or conducive or incidental to, the carrying out of the objects of the Corporation.
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(2) Without prejudice to the generality of the powers conferred by subsection (1), the Corporation shall have the following powers and functions :
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(a) to receive or collect gifts, grants, donations, subsidies and subscriptions whether in cash or otherwise from local or foreign sources ;
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(b) to acquire by purchase, exchange, gift, devise or bequest or in any other manner and to hold and enjoy in perpetuity or for any lesser period or subject to any express trust or otherwise for the benefit or the furtherance of the objects of the Corporation, any property, movable or immovable of any kind or nature whatsoever;
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(c) to open, operate and close bank accounts, and to borrow or raise money, with or without security :
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(d) to sell, lease, mortgage, exchange or otherwise dispose of any movable or immovbale property belonging to or held by the Corporation, subject to any trust attaching to such property;
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(e) to invest the funds vested in, or belonging to, the Corporation in adequate securities or in the purchase or acquisition of such lands, buildings, goods, chattels or other property as may be proper or necessary for the purposes of the Corporation; and
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(f) to erect or- cause to be erected, any building or structure on any land belonging to, or held by the Corporation.
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Rules of the Corporation.
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5.
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(1) The Corporation may, from time to time, at a meeting specially convened for the purpose and by a majority of votes of the Fellows present make rules not inconsistent with the provisions of this Act or any. other written law, for the management of the affairs of the Corporation and the accomplishment of its objects.
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(2) In particular and without prejudice to the generality of the powers conferred by the preceding paragraph, such rules may make provision in respect of all or any of the following matters:
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(a) the admission, resignation and expulsion of Fellows of the Corporation;
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(b) the procedure to be followed in convening meetings of the Corporation and in the transaction of business at such meetings; and
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(c) performance by the various officers, agents and servants of the Corporation of their duties and functions.
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(3) Any rule of the Corporation may be amended, added to, or rescinded in like manner as a rule may be made under subsection (1),
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(4) All Fellows of the Corporation shall be subject to the rules in force for the time being of the Corporation.
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Debts due by and payable to the Academy.
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6. All debts and liabilities of the Academy existing on the day preceding the date of commencement of this Act shall be paid by the Corporation, hereby constituted and all debts due to, and subscriptions payable to, the Academy shall be paid to the Corporation for the purposes of this Act.
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Seal of the Corporation,
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7, The seal of the Corporation shall not be affixed to any instrument whatsoever except with the authority of the Corporation and in the presence of at least two Fellows 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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Limit of liability on Fellows of Corporation.
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8. No Fellow of the Corporation shall for the purpose of discharging the debts and liabilities of the Corporation, be liable to make any contribution whatsoever.
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Disposal of property of the Corporation left after the payment of debts upon dissolution of the Corporation.
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9. If upon the dissolution of the Corporation there remains, after the satisfaction of all its debts and liabilities, any property including money, such property shall be transferred either to a designated society or to the Public Trustee and shall be utilised for objects similar to that of the Corporation,
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Saving of the rights of the Republic and others.
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10. Nothing in this Act contained shall prejudice or affect the rights of the Republic, or of any body politic or corporate, or of any other persons, except such as are mentioned in this Act and those claiming by, from, or under, them.
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Schedules
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