7.
| (1) The Corporation shall have its own fund and all moneys heretofore or hereafter to be received by way of gifts bequests, donations, subscriptions, contributions 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 Committee of Management 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 sums of money required to defray and expenditure incurred by the Corporation in the exercise, performance and discharge of its powers, duties and functions under this Act. |
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Sri Lanka Consolidated Acts