6.
| (1) The Institute shall be able and capable in law to acquire by purchase, gift, devise, bequest, exchange or in any other manner and hold any movable or immovable property and to dispose of any such property acquired or held by the Institute. |
|
| (2) The Institute shall have the power to borrow or raise money for the purpose of the Institute and for the purpose of securing money to create, execute, grant or issue any mortgages, bonds or obligations and to pay off and re-borrow the money secured thereby or any part or parts thereof and to invest its funds in such manner as may be necessary or expedient for the furtherance of its objects. |
|
|
Sri Lanka Consolidated Acts