8. The income and properly of the Corporation shall be applied solely towards the promotion of the objects of the Corporation, and no portion thereof shall be paid or transferred, directly or indirectly, by way of dividend, loan, bonus or otherwise howsoever, by way of profit, to the members of the Corporation : provided however, that the provisions of this section shall not prohibit"
| (a) the payment in good faith of reasonable and adequate remuneration to any officer or servant of the Corporation or to any member of the Corporation for any services rendered by him to the Corporation; |
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| (b) the payment of reasonable and adequate rent for premises let to the corporation by any member of the corporation or by any company of which a member of the corporation is a shareholder; and |
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| (c) the re-imbursement or repayment of reasonable or proper expense incurred with the prior approval of the council by any member officer or servant of the corporation in the discharge or performance of the function or duties or in promoting the objects of the corporation. |
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Sri Lanka Consolidated Acts