7.
| (1) Subject to the provisions of this Act and any other written law, and the deed creating the trust, the Board shall in the name of the Corporation have the power to do all things as are necessary"
| | (a) to acquire, hold and develop any property movable or immovable which may become vested in It by virtue of any purchase, grant, gift, devise or otherwise; | | |
| | (b) to sell, mortgage, lease, or grant, convey, assign, exchange or otherwise dispose of any such property ; | | |
| | (c) to invest money belonging to the Corporation in such securities as, may be determined by the Board ; | | |
| | (d) to open, operate and close bank accounts and to borrow or raise money with the property of the Corporation as security, or without such security for the purposes of the Corporation ; | | |
| | (e) to raise funds and receive grants, gifts or donations in cash or kind; | | |
| | (f) to engage, employ and dismiss officers and servants requited for the carrying out of the objects of the Corporation; and | | |
| | (g) to do all such other acts and things as may be, necessary for the attainment of the objects of the Corporation. | | |
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Sri Lanka Consolidated Acts