4. For the purpose of the efficient administration, management and control of the Trust and the proper functioning d the College, the Board shall subject to the provisions of this Act and any other written law -
| (a) raise funds or receive grants, gifts or donations in cash or kind whether from local or foreign sources; |
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| (b) acquire in any manner whatsoever and hold, take or give on lease or hire, sell Or otherwise dispose of, any movable or immovable property: Provided, however, that the Board shall not sell any property belonging to the Trust which is Wal property; |
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| (c) invest the funds of the Trust in such investments as are likely to bring better income or profit to the trust, and to recall, reinvest or vary any such investment; |
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| (d) engage, employ and remunerate lecturers, teachers, officers and servants, and exercise disciplinary control over them; |
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| (e) open, operate and close bank accounts, and borrow or raise money, with or without security; and |
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| (f) do, perform and execute all other acts and things as are necessary or desirable for the proper functioning of the Trust. |
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Sri Lanka Consolidated Acts