12.
| (1) There shall be a Board of Trustees consisting of three members of the Corporation who shall be elected at a general meeting of the Corporation. Any vacancy caused by the death, resignation or discontinuance of any member, shall be filled by the Executive Council till the next general meeting. |
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| (2) The power conferred on the Corporation by section 11 to sell, mortgage, lease, exchange or otherwise dispose of immovable property, shall be exercised by the Board of Trustees subject to the rules in force for the time being of the Corporation. The Board shall, however, obtain the prior sanction of the Executive Council for every such transaction. |
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Sri Lanka Consolidated Acts