8.
| (a) All property immovable and movable in the possession and control of the Airports Authority on the day immediately preceding the appointed date shall be transferred to and vest in, the Director of Civil Aviation; |
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| (b) all debts, obligations and liabilities incurred, and all contracts, deeds, agreements and other instruments executed, or entered into, and all matters and things engaged to be done, by or with, the Airports Authority prior to the appointed date and subsisting on the day immediately preceding the appointed date shall be deemed to have been incurred, executed, entered into or engaged to be done, as the case may be, by or with the Agent appointed under section 21A of the Air Navigation Act; |
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| (c) all actions and other proceedings instituted by or against the Airports Authority and pending on the day immediately preceding the appointed date shall be deemed to be actions arid proceedings instituted by or against the Agent appointed under section 21A of the Air Navigation Act and every such action or proceeding may be proceeded with and enforced accordingly ; |
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| (d) all officers and other employees in the service of the Airports Authority on the day immediately preceding the appointed date shall cease to be employees of the Airports Authority and shall, if not offered employment under the Agent appointed under section 21A of the Air Navigation Act, be eligible for payment of such compensation and gratuity as may be determined by the Minister having regard to the past services of the employees and other matters relevant to the determination of such compensation and gratuity. |
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Sri Lanka Consolidated Acts