Sri Lanka Consolidated Acts

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Ceylon State Plantations Corporation Act (No. 4 of 1958) - Sect 6

Powers of the Corporation

6.
(1) The Corporation shall have the power to acquire and hold and to take on hire or lease any movable or immovable property and to give on hire or lease or to sell or otherwise dispose of any of its properties:
(2) The Corporation shall have the power- (a) to engage in any agricultural, industrial or commercial enterprise connected with or incidental to any of the objects of the Corporation, and (b) to do anything necessary for, or conducive or incidental to, the carrying out of the objects of the Corporation.
(3) The Corporation may, with the consent of the Minister and with the concurrence of the Minister of Finance, or in accordance with the terms of any general authority given by him with such concurrence, borrow such sums as the Corporation may require for the carrying out of the objects of the Corporation. The funds of the Corporation shall be applied in paying the interest on, and the amount of, sums so borrowed.


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