14. Section 23 of the principal enactment is hereby repealed and the following section substituted therefor:
| 23.
| | (1) With effect from the appointed date, all State land within the Ports of and of the Port Colombo, Galle and Trincomalee, all State land at any other place held or administered by the Port Commissioner, all movable property (including money) held or possessed by the Port Commissioner and all property movable and immovable (including money in the funds) of the Port (Cargo) Corporation, and the Port Tally and Protective Services Corporation including all assets, powers, rights, interests and privileges of the Port Commissioner, the Port (Cargo) Corporation and the Port Tally and Protective Services Corporation, subsisting on the day immediately preceding the appointed date, shall be transferred to and vest in the Ports Authority. | | |
| | (2) Upon such transfer, all debts, liabilities and obligations in connexion with or appertaining to the property of the State, of the Port Commissioner, the Port (Cargo) Corporation and the Port Tally and Protective Services Corporation referred to in subsection (1) shall also be transferred to, and deemed to have been incurred by, the Ports Authority. ". | | |
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Sri Lanka Consolidated Acts