Sri Lanka Consolidated Acts

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Galle Municipal Staffs Benevolent Association (Incorporation) Act (No. 23 of 1970) - Sect 24

Funds of that Corporation, how to be kept and invested

24. The funds of the Corporation shall be placed in the name of the Corporation in one or more of the local banks, and it shall be lawful for the Committee of Management, from time to time, to invest such part of the said funds as is not required for loans, withdrawals, and other current expenses in fixed deposits in one or more of the local banks, or in debentures, stock or other securities of the Government of Ceylon.


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