2.
| (1) There shall be a Council which shall be called the Sri Lanka Press Council (in this Law referred to as " the Council ") consisting of the persons who are for the time being members thereof under this Law. |
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| (2) The Council shall, by the name assigned to it by subsection (1), be a body corporate and shall have perpetual succession and a common seal and may sue and be sued in such name. |
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| (3) The Council may, for the purpose of functioning as a body corporate under this Law,-
| | (a) acquire, hold, take or give on lease or hire, mortgage, pledge and sell or otherwise dispose of, any immovable or movable property; and | | |
| | (b) enter into and perform or carry out, whether directly or through any officer or agent authorized in that behalf by the Council, all such contracts or agreements as may be necessary in the exercise of the powers of the Council. | | |
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Sri Lanka Consolidated Acts