4.
| (1) The Corporation shall, subject to the provisions of this Act and other written law, have power to do all such things as are, necessary for, or conducive or incidental to the carrying out the objects of the Corporation. |
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| (2) Without prejudice to the generality of the powers conferred by subsection (1), the Corporation shall have the following powers :"-
| | (a) to receive or collect gifts, grants, donations, subsidies and subscriptions, whether in cash or otherwise, from local or foreign sources ; | | |
| | (b) to open, operate and close bank accounts, and to borrow or raise money, with or without security ; | | |
| | (c) to invest the funds vested in, or belonging to, the Corporation in adequate securities or in the purchase or acquisition of such movable or immovable property as may be proper or necessary for the purposes of the Corporation ; | | |
| | (d) to erect or cause to be erected, any building or structure on any land belonging to or held by the Corporation. | | |
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Sri Lanka Consolidated Acts