4. The Corporation shall have the following powers:-
| (a) to solicit and receive subscriptions and gifts of all kinds whether absolute or conditional for the purposes of the Corporation; |
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| (b) to borrow or raise money with or without security, for the purposes of the Corporation; |
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| (c) to invest the moneys of the Corporation or any moneys entrusted to it in such investments (including mortgages of immovable property) and in such manner as may from time to time be determined by the Corporation; |
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| (d) to acquire by purchase, exchange, gift, testamentary disposition or otherwise, and to sell, mortgage, lease, exchange or otherwise dispose of, any property whatsoever; |
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| (e) to construct, alter and maintain any buildings required for the purposes of the Corporation or for housing the staff of the Corporation; |
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| (f) to draw, make, accept, endorse and deal with bills of exchange, promissory notes and other negotiable instruments; |
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| (g) to appoint and dismiss or terminate the services of all such officers and servants of the Corporation as it may deem necessary and to pity them such salaries, pensions, gratuities and allowances as may from time to time be determined by the Corporation; |
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| (h) to establish or -contribute to any charitable or benevolent fund which is calculated, directly or indirectly, to promote any of the objects of the Corporation or to establish or contribute to any fund or scheme for the grant of allowances, gratuities, pensions, or other benefits to officers or servants, past or present, of the Corporation or to the relatives or dependants of such persons; |
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| (i) to provide from time to time for the management of the affairs of the Corporation outside Sri Lanka in such manner as the Corporation deems fit and in particular to appoint any person or persons to be the attorney or agent of the Corporation for such purpose and upon such terms as may be thought fit; |
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(j) to enter into any contract with any person, society or body of persons, whether corporate or unincorporate, or any Government department or local authority, for promoting the objects of the Corporation;
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| (k) to accept and carry out any condition or trust subject to which any property is given to the Corporation for the furtherance of its objects: |
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| (l) to undertake and execute any charitable trust which may seem directly or indirectly conducive to or calculated to facilitate the carrying out of any of the objects of the Corporation ; |
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| (m) to do all things necessary or expedient for the proper and effective carrying out of the objects of the Corporation. |
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Sri Lanka Consolidated Acts