5. Subject to the rules for the time being of the Institute, the Institute may-
| (a) do, perform and execute all such acts, matters and things as are necessary or desirable for the promotion or furtherance of the objects of the Institute; |
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| (b) for the purpose of carrying out the objects of the Institute, establish and maintain a fund, open and maintain any bank account, borrow or raise moneys with or without security, and employ such persons as may be necessary to carry out the work of the Institute; and |
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| (c) acquire, hold, take or give on lease or hire, mortgage, pledge and sell or otherwise dispose of any movable or immovable property. |
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Sri Lanka Consolidated Acts