7.
| (1) The Corporation shall have its own fund and all moneys heretofore or hereafter to be received by way of gift, bequest, donation, subscription, contribution, fees or grants for and on account of the Corporation shall be deposited to the credit of the Corporation in one or more banks as the Board shall determine. |
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| (2) The Corporation may create any depreciation fund, reserve or sinking fund for the rehabilitation, improvement and development, of the property of the Corporation. |
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| (3) There shall be paid out of the fund, all such sums of money as may be required to defray any expenditure incur red by the Corporation in the exercise, performance and discharge of its powers, duties and functions under this Act. |
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| (4) The moneys and property of the Corporation, where so ever derived shall be applied solely towards the promotion of the objects as set forth herein, and no portion thereof shall be paid or transferred, directly or indirectly, by way of dividend, bonus or otherwise howsoever to the members of the Corporation. |
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Sri Lanka Consolidated Acts