Rajapakse Memorial, Educational, Cultural And Social Services Foundation (Incorporation)

(a) to undertake, the execution of road development and housing schemes, the construction and improvement of hospitals, Aesthetic Educational Centres, Mass Media Centres such as Radio and Television Centres and Educational Centres schools, community centres and such other activities with a view to developing towns and villages ;

(b) to afford children in indigent circumstances an opportunity to prepare for, to enter upon, or to engage in, a trade, occupation or service and to provide them with clothing, instruction fees or such other facilities ;

(c) to conduct the Sisura Educational Scholarship and to award grant and provide bursaries, scholarships, prizes, donations, financial aid and assistance in other forms, for the advancement, and promotion of knowledge, the furtherance of education, the establishment and maintenance of libraries and cultural centres ;

(d) to help to preserve and disseminate the Buddhist philosophy and the Buddhist way of life ;

(e) to establish and maintain friendly relations with other Buddhist organizations, in Sri Lanka and abroad ;

(f) to conduct vocational training courses for youth in Sri Lanka ;

(g) to train students in small industries and to assist them, financially or otherwise, to establish themselves as useful citizens ;

(h) to promote education by establishing and maintaining pirivenas, schools and other educational institutions and by granting scholarships ;

(i) to provide medical aid, food and housing to the poor, the destitute and the sick ;

(j) to establish and maintain orphanages and homes for the aged and to establish social welfare centres ;

(k) to provide welfare facilities for the deaf, dumb and the blind and disabled persons and to establish welfare homes;

(l) to assist financially by granting scholarships or otherwise to the voluntary workers and others who are engaged in the attainment of the objects of the Corporation ;

(m) to establish and maintain libraries to subscribe for and issue books, journals, souvenirs and periodicals and to provide such other services as may be deemed desirable for attaining the objects of the Corporation ;

(n) to establish and maintain a Rajapakse Memorial Holiday Resort and a Botanical Garden ;

(o) to promote, arrange, organize and hold exhibitions, lectures, seminars, symposia, workshops, classes, debates, conferences, tours excursions or any other activities in the furtherence of the objects of the Corporation ;

(p) to co-operate and associate with other associations, societies or organizations having objects similar to those of the Corporation ;

(q) to sponsor and conduct conferences, seminars, workshops, group studies and lectures in Sri Lanka and elsewhere, in furtheranace of the objects of the Corporation ;

(r) to print, publish and distribute books, journals, leaflets, newspapers and magazines which the Corporation may consider desirable for the promotion and advancement of its objects ; and

(s) to do such other acts and things as may be necessary, incidental or conducive to the accomplishment of all or any of the objects of the Corporation.

(1) The managment, control and administration of the Corporation shall, subject to the provisions of the this Act and the rules in force for the lime being of Corporation, vest in a. governing Council (hereinafter referred to as “the Council”) consisting of such number of governors elected from among the members in accordance with the rules in force for the time being of she Corporation.

(2) The members of the governing Council of the Foundation whose names are set out in the Schedule to this Act, and holding office on the day precedings the. date of commencement of this Act, shall be deemed to be the members of the first Council of the Corporation.

(a) to borrow or raise money for the purposes of the Corporation ;

(b) to make, draw, accept, discount, endorse, negotiate, buy, sell and issue bills of exchange, cheques, promissory notes and other negotiable instruments and to open, operate, maintain and close bank accounts ;

(c) to invest any funds not immediately required for the purposes of the Corporation in such manner as the Council may think fit;

(d) to solicit and receive subscriptions, grants, donations and gifts of all kinds ;

(e) to enter into agreements or contracts, with any poison, or body of persons ;

(f) to undertake, accept, execute, perform and administer any lawful trusts and conditions affecting any real or personal property ;

(g) to appoint, employ, dismiss or terminate the services of officers and servants of the Corporation, and to pay them such salaries, allowances and gratuities as may be determined by the Corporation ;

(h) to train personnel in Sri Lanka or abroad for the purpose of the Corporation ; and

(i) to do all other things necessary or expedient for the carrying out of the objects of the Corporation.

(1) It shall be lawful for the Corporation, from time to time, at any general meeting of this members and by a majority of not less than two thirds of the members present and voting, to make rules, not inconsistent with the provisions of this Act, and any other written law for all or any of the following matters :”

(2) The rules of the Foundation in force on the day preceding the date of commencement of this Act shall, in so far as they art; not inconsistent with the provisions of this Act or other written law be deemed to be the rules of the Corporation and may be amended, altered, added to or rescinded at a like meeting and in like manner as a rule made under this section,

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

(1) “The Corporation shall have its own fund and all moneys heretofore or hereafter to be received by way of gift, bequest, donation, subscription, contribution fees or grants for and on behalf of the Corporation shall be deposited to the credit of the Corporation in one or more banks as the Council may determine.

(2) There shall be paid out of the fund, all sums of money required to defray any expenditure incurred by the Corporation in the exercise, performance and discharge of its powers, duties and functions under this Act.

(1) The Council shall cause proper books of accounts to be kept, of the income and expenditure, assets and liabilities and all other transactions of the Corporation.

(2) The accounts of the Corporation shall be examined and audited at least Once in every year.