5.
(1) It shall be lawful for the Trustee-President of the Corporation, who shall be appointed or elected in accordance with the provisions of this Act and the rules inforce for the time being of the Corporation, to exercise the powers of the Corporation, and to perform its functions and duties. |
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(2) Notwithstanding any thing contained in subsection (1) of this section, Venerable Pelpola Vipassi Thero, the founder president of the Foundation shall be the first Trustee-President of the Corporation. |
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