5. Subject to the provisions of this Act and any other written law the Corporation shall, have the power to-
| (a) receive or collect grants, gifts or donations from local or foreign sources ; |
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| (b) acquire in any manner whatsoever and hold, take or give on lease or hire, mortgage, pledge, or sell or otherwise dispose of, any movable or immovable property ; |
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| (c) give grants, endowments or loans for the furtherance of the objects of the Corporation ; |
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| (d) appoint, employ, remunerate and exercise disciplinary control over its officers and servants; |
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| (e) open, operate, and close current, savings and deposit accounts in any bank or banks, and borrow or raise money with or without security ; |
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| (f) invest funds belonging to the Corporation in such securities as may be determined by the Board of Trustees; and |
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| (g) subject to the provisions of this Act and any other written law to do all such acts or things as may be necessary for the attainment of the objects of the Corporation. |
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Sri Lanka Consolidated Acts