5. Subject to the provisions of this Act and any other written law, the Corporation shall, have the power"
| (a) to appoint, dismiss, remunerate and exercise disciplinary control over, such officers and servants as may be necessary for the purposes of the Corporation ; |
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| (b) to receive aid, grant or gift, in cash or in kind, from any person, society, association or other body of persons, corporate or otherwise ; |
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| (c) to establish branch organisations of the Corporation in any part of the Island for the purpose of furthering any or all of the objects of the Corporation ; |
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| (d) to open, operate and close bank accounts and to borrow or raise money with or without security, for the furtherance of the objects of the Corporation and to execute any mortgage bond to secure payment of money so borrowed or raised ; |
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| (e) to enter into or perform, either directly or through its officers, servants or agents authorized in that behalf by the Corporation, all such contracts and agreements as may be necessary, for the exercise, discharge and performance of the powers, functions and duties of the Corporation, or for carrying on the affairs of the Corporation in furtherance of the objects of the Corporation ; |
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| (f) to erect or cause to be erected, any building or structure on any land belonging to or held by the Corporation ; |
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| (g) to acquire, hold, take or give on lease or hire, mortgage, pledge sell or otherwise dispose of, any movable or immovable property, in keeping with the principals of the Islam ; and |
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| (h) to do all such acts or things as may be necessary for effectually exercising any of the aforesaid powers specified in this Act and for the attainment of the objects set out in section 3. |
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Sri Lanka Consolidated Acts