4. The Corporation shall have the following powers: -
| (a) to acquire by purchase, exchange, gift, testamentary disposition or otherwise and to mortgage, lease, exchange, sell or otherwise dispose of, any property whatsoever; |
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| (b) to raise and collect funds for the purpose of the Corporation; |
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| (c) to utilise the moneys of the Corporation in order to meet all expenditure incurred by the Corporation in carrying out its objects, in remunerating its employees and in the exercise and performance of its powers and duties; |
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| (d) to borrow and raise money, with or without security, for any of the purposes of the Corporation; |
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| (e) to invest such of the moneys of the Corporation as are not immediately required for the purpose of the Corporation in such securities and in such manner as the Corporation may consider fit; |
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| (f) to publish, sell or distribute newspapers, books, pamphlets or magazines, and to supply information, for the purpose of stimulating interest in and promoting the objects of the Corporation; |
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| (g) to appoint all such officers and servants of the Corporation as it may deem necessary and to pay them such salaries, pensions, gratuities and allowances as may from time to time be determined by the Corporation; |
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| (h) to provide facilities to promote the physical, mental and spiritual development of persons who are or were employed by the Corporation as its officers and servants and of the members of the families of such persons: |
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| (i) to establish a fund or scheme for the provision of pensions or gratuities to the widows, children, next of kin or dependants of deceased officers and servants; |
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| (j) to make grants out of the moneys of the Corporation to any institution which is affiliated to the Corporation; |
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| (k) to enter into any arrangements with departments of Government, local authorities or any society or body, whether corporate or unincorporate, for promoting the objects of the Corporation; |
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| (l) to take all steps as may be necessary or desirable for the promotion of all or any of the objects of the Corporation. |
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Sri Lanka Consolidated Acts