7.
| (1) The Corporation shall be able and capable in law to acquire and hold any movable or immovable property by purchase, gift, devise, bequest, exchange or, any other manner and to dispose of any such property acquired, or held, by the Corporation. |
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| (2) The Corporation shall have the power to borrow or raise moneys necessary for the furtherance of its objects, and for the purpose of securing the money so borrowed or raised to create execute, grant or issue, any mortgages, bonds or obligations and to invest its funds in such manner as may be necessary or expedient for the furtherance of Us objects. |
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| (3) All property movable or immovable acquired, or held, by the Corporation and all moneys paid to, or received by the Corporation under this Act or under the rules in force shall be held, used, and applied by the Corporation in accordance with such rules. |
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Sri Lanka Consolidated Acts