9. The moneys and property of the Corporation, when so ever derived, shall be applied solely towards the promotion of its 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: Provided however, that the provisions of this section shall not prevent -
| (a) the payment in good faith of reasonable and proper remuneration to any officer or employee of the Corporation or to any member of the Corporation for any services rendered to the Corporation; |
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| (b) the payment of reasonable and proper rent for premises let to the Corporation by any member of the Corporation or by any company of which a member of the Corporation is a share-holder; and |
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| (c) the re-imbursement or repayment of reasonable and proper expenses incurred with the prior approval of the Executive Council by any member,. officer or employee of the Corporation in the performance of his functions or duties or in promoting the objects of the Corporation. |
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Sri Lanka Consolidated Acts