Sri Lanka Consolidated Acts

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Bandarawela Suwamadu Suwasetha Suwasewa Nikethanaya Of Sri Lanka (Incorporation) Act (No. 15 of 1994) - Sect 4

Fund of the Corporation

4.
(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 account of the Corporation shall be deposited to the credit of the Corporation in one or more banks as the Corporation shall determine.
(2) There shall be paid out of the fund all sums of money to defray any expenditure incurred by the Corporation in the exercise, performance and discharge of its powers, duties and functions under this Act.
(3) The moneys and property of the Corporation wheresoever derived shall be applied solely towards the promotion of its objects.


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