5.
| (1) Subject to the provisions of this Act and any other written law, the Board shall in the name of the Trust, have the power to do all things as are necessary for, or conducive or incidental to, the carrying out of the objects of the Trust. |
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| (2) Without prejudice to the generality of the powers conferred by subsection (1), the Board may exercise and discharge the following powers and functions:
| | (a) to acquire and hold any property, movable or immovable which may become vested in it by this Act or by virtue of any purchase, grant, gift, devise or otherwise; | | |
| | (b) to sell, mortgage, lease, or grant, convey, devise, assign exchange or otherwise dispose of any such property; | | |
| | (c) to invest moneys belonging to the Fund in such securities as may be determined by the Board; | | |
| | (d) to open, operate and close bank accounts and to borrow or raise money with the property of the Fund as security, or without such security, for the purposes of the Fund; | | |
| | (e) to raise funds and receive grants, gifts or donations in cash or kind; and | | |
| | (f) to do all such other acts and things as are incidental or conducive to the carrying out of the objects of the Corporation. | | |
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Sri Lanka Consolidated Acts