Polgahawela Young Men’s Buddhist Association (Incorporation)



Polgahawela Young Men’s Buddhist Association (Incorporation)
AN ACT TO INCORPORATE THE POLGAHAWELA YOUNG MEN’S BUDDHIST ASSOCIATION.
Preamble.

WHEREAS an association called and known as the ” Polgahawela Young Men’s Buddhist Association”, has heretofore been established at Polgahawela for the purpose of effectually carrying out and transacting all matters connected with the said association according to the rules agreed to by its members :

AND whereas the said association has heretofore successfully carried out and transacted the several objects and matters for which it was established, and has applied to be incorporated, and it will be for the public advantage to grant the application :

BE it therefore enacted by the Parliament of the Democratic Socialist Republic of Sri Lanka as follows:

[7th June
, 1984 ]
Short title.

1. This Act may be cited as the Polgahawela Young Men’s Buddhist Association (Incorporation) Act, No. 23 of 1984.

Incorporation of the Polgahawela Young Men’s Buddhist Association.

2. From and after the date of commencement of this Act such and so many persons as now are members of the Polgahawela Young Men’s Buddhist Association (herein after referred to as “the Association “) 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 style and name of the ” Polgahawela Young Men’s Buddhist Association “, 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 alter the same at their pleasure.

General objects of the Corporation.

3. The general objects for which the Corporation is constituted are hereby declared to be :

(a) to foster the Buddhist way of thinking among the youth of the area ;

(b) to encourage the practical observance of the Buddha Dhamma ;

(c) to promote unity and co-operation among Buddhist youth ;

(d) to advance the spiritual, cultural, physical and social welfare of Buddhist youth ;

(e) to promote the interests of Buddhism ; and

(f) to protect the rights of Buddhists.

General powers of the Corporation.

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 thing’s 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 and to engage, employ and dismiss personnel required for the carrying out of the objects of the Corporation.

Management of the affairs of the Corporation.

5.

(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 number of other persons as may be provided for in such rules and elected in accordance therewith.

(2) The first Executive Committee of the Corporation shall be the Executive Committee of the Association holding office at the time of the coming into operation of this Act.

Board of Trustees.

6.

(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 the Patron, President, Secretary and Treasurer of the Corporation.

(2) The first Board of Trustees of the Corporation shall be the Board of Trustees of the Association holding office at the time of the coming into operation of this Act,

(3) No act or proceeding of the Board of Trustees shall be invalid by reason only of any vacancy in the member ship of the Board.

Rules of the Corporation.

7.

(1) It shall be lawful for the Corporation from time to time at any general meeting of the members and by the votes of at least two-thirds of the members present and voting to make such rules as are not inconsistent with the principles and provisions of this Act 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.

(2) The members of the Corporation shall be subject to the rules of the Corporation.

Debts due by and payable to the Association.

8. All debts and liabilities of the Association existing at the time of the coming into operation of this Act shall be paid by the Corporation and all debts due to and subscriptions and contributions payable to the Association, shall be paid to the Corporation for the purposes of this Act.

Corporation may hold property, movable and immovable.

9. The Corporation shall be able and capable in law to take and hold any property, movable or immovable, which may become vested in it by virtue of any purchase, grant, gift, 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 of the Corporation, with full power to sell, mortgage, lease, exchange or otherwise dispose of the same.

Seal of the Corporation.

10. The seal of the Corporation shall be in the custody of the Board of Trustees and it shall not be affixed to any instrument whatsoever except in the presence of two members of the Board who shall sign their names on the instrument in token of their presence, and such signing shall be independent of the signing of any person as a witness.

Saving of the rights of the Republic and others.

11. 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.