Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsSection - 13
| 17. All moneys payable to the Association shall be paid to the Honorary Treasurer. The Honorary Treasurer is hereby empowered to make payments subject to the approval of the Board of Management.118. Notwithstanding anything to the contrary in the preceding rules, the Honorary Treasurer may on behalf of the Association pay out of its money-- without the prior approval of the Board for such payments having been obtained, provided that such payments do not in the aggregate exceed Rs. 75 in any calendar month, and the Honorary Secretary is hereby empowered to spend on behalf of the Association a sum not exceeding Rs. 25 in the aggregate in any one calendar month. 19. Without unreasonable delay, all moneys of the Association shall be deposited in an account in the name of the Association in a bank approved for the purpose by the Board, and such account shall be operated by two office-bearers, namely, the President and according to the decision of the Board either the Honorary Secretary or the Honorary Treasurer.20. Notwithstanding anything to the contrary in the preceding rules, the Honorary Treasurer may retain with him a total of Rs. 100 at any given time out of the moneys of the Association, and the Honorary Secretary a total sum of Rs. 51 at any given time.21. All payments of. membership fees shall forthwith be recorded in a book kept specially for the purpose, to be called the Membership Register. The Honorary Treasurer shall issue receipts for ell moneys received by him on behalf of the.22. At every monthly meeting of the Board of Management the Honorary Treasurer shall place before the Board an audited statement of accounts of the Association for the preceding calendar month.23. The Board of Management may on behalf of the Association, acquire, dispose of or create at its discretion, ownership or other interest in movable property, whether on sale, donation, lease, mortgage, exchange or otherwise.24. The Board of Management may on behalf of the Association, acquire, dispose of or create at its discretion, ownership or other interest in land or other immovable property, whether by sale, donation or lease, mortgage, exchange or otherwise, pro vided that no such acquisition, disposal or creation shall be of any force or avail in law, unless such act had been previously authorized at a general meeting of the Association, by a special resolution passed by a majority of not less than two-thirds of the members present at such meeting.25. No money of the Association, except a sum not exceeding Rs. 250 within any calendar month, shall be expended on causing or effecting any permanent improvement on any land or other immovable property, unless such expenditure had been previously authorized at any general meeting of the Association, by a resolution passed by a majority of not less than two-thirds of the members present at such meeting.26. Subject to the rules of the Association, the control and administration of the properties of the Association, both movable and immovable, shall be vested in the Board of Management, |