| (2) Without prejudice to the generality of the powers conferred under subsection (1) the Corporation shall have he following powers and functions:-
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| (a) to receive or collect gifts, grants, donations, subsidies and subscriptions whether in cash or otherwise from the Government, or private organizations, or from, sources outside Sri Lanka; | | |
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| (b) to acquire and hold either as absolute or beneficial owner or as trustee or otherwise by purchase, exchange,, gift, devise, or bequest, or in any other manner and to hold and enjoy in perpetuity or for any lesser period 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; | | |
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| (c) to open operate and close bank accounts and to borrow or raise money with or without security ; | | |
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| (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; | | |
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| (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; | | |
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| (f) to erect or cause to be erected any buildings or structure on any land belonging to or held by the Corporation; | | |
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| (g) to make such investments or take such steps m may be necessary for the promotion protection and maintenance of the Deeghavapi Sacred Area as a place of archaeological and cultural importance and as a place of Buddhist religious worship; | | |
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| (h) to employ such officers, servants and agents as may be necessary for carrying out the objects of the Corporation: and | | |
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| (i) subject to the rules of the Corporation to enter into any agreement, to create, execute, grant or issue any mortgages, bonds or obligations for the accomplishment of the objects of the Corporation, | | |
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Sri Lanka Consolidated Acts