8.
| (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 or and on account of the Corporation shall be deposited to the credit of the Corporation in one or more banks as the Corporation shall determine. |
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| (2) There shall be paid out of the fund, all sums of money required to defray any expenditure incurred by the Corporation in the exercise and discharge of its powers and functions under this Act. |
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| (3) The moneys and property of the Corporation, whosesoever 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 by way of profit to the members of the Corporation. |
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Sri Lanka Consolidated Acts