4. The Board shall, in the name of the Fund, have power -
| (a) to receive grants, gifts or donations in cash or kind, whether from local or foreign sources; |
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| (b) to take or hold any property, movable or immovable, which may become vested in it by this Act or by virtue of any purchase, grant, gift, testamentary disposition or otherwise, and to sell, mortgage, lease, grant, convey, devise, assign, exchange, or otherwise dispose of, any movable or immovable property to which the Fund may become entitled ; |
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| (c) to give grants, endowments or scholarships for the furtherance |
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| (d) to enter into or perform, either directly or through officers and servants or agents authorized in writing in that behalf by the Board, all such contracts and agreements as may be necessary for exercise, performance and discharge of powers, duties and functions, and in carrying out the objects of the Fund; |
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| (e)subject to the provisions of this Act to appoint, employ and remunerate officers and servants of the Fund and to make rules regarding the appointment promotion, remuneration and disciplinary control of its employees and the grant of leave and other benefits to them; |
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| (f)to invest moneys belonging to the Fund, and to recall, re-invest and vary such investments, at the discretion of the Board and to collect income accruing from such investments; and
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| (g)to make rules in relation to matters connected with the working of the fund.
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Sri Lanka Consolidated Acts