4.
| (1) The Corporation shall have the power to do all things necessary for or conducive or incidental to the carrying out of 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 and functions: -
| | (a) to receive or collect gifts, grants, donations, subsidies and subscriptions, whether in cash or otherwise, from local or foreign sources; | | |
| | (b) to acquire by purchase, exchange, gift, devise or bequest or in any other manner and to hold and enjoy in perpetuity or for any lesser period or subject to any express trust or otherwise for the benefit or the furtherance of the objects of the Corporation, any property, movable or immovable of any kind or nature whatsoever; | | |
| | (c) to operate, open and close bank accounts, and to borrow or raise money, with or without security; | | |
| | (d) to sell, lease, mortgage, exchange or otherwise dispose of, any movable or immovable property belonging to or held by, the Corporation, subject to any trust attaching to such property; | | |
| | (e) to invest the funds vested in, or belonging to, the Corporation in adequate securities or in the purchase or acquisition of such lands, buildings, goods, chattels, or other property as may be proper or necessary for the purposes of the Corporation; | | |
| | (f) to erect or cause to be erected, any building or structure on any land belonging to, or held by, the Corporation; and | | |
| | (g) to make such investments as are necessary for the promotion of gainful and fuller employment in agriculture, arts and crafts, trade, commerce and industry. | | |
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Sri Lanka Consolidated Acts