7.
| (1) The general superintendence, direction and control of the affairs and business of the Corporation shall vest in the Board. |
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| (2) The Board may delegate to the Chairman of the Corporation any of its powers, duties and functions under this Act. |
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| (3) The Board shall have the power to do anything necessary for, or conducive to, the carrying out of the objects set out in its Incorporation Order and for this purpose may
| | (a) acquire and hold or take on hire or lease, any movable or immovable property and give on hire or lease or sell or otherwise dispose of, any such property: | | |
| | (b) accept grants, gifts or donations, whether in cash or in kind ; | | |
| | (c) borrow money for carrying out its objects and accrue the payment of any sum of money by the mortgage of any of its properties; | | |
| | (d) appoint such officers and other employees as are necessary for carrying out its objects and discharging its functions ; | | |
| | (e) enter into and perform all such contracts as may be necessary for the performance of its duties : | | |
| | (f) do all such other acts as are incidental to, or are consequential upon or connected with, the exercise, performance or discharge of its powers, duties and functions. | | |
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Sri Lanka Consolidated Acts