14. The Institute shall exercise, perform or discharge such powers, duties or functions as may reasonably Be necessary to achieve its objects and in particular may
| (a) receive grants, gifts, and donations in cash or kind whether from local or foreign sources; |
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| (b) acquire, hold, take or give, lease or hire, mortgage, pledge and sell or otherwise dispose of any movable or immovable property ; |
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| (c) give grants, endowments or scholarships for the furtherance of. the objects of the Institute ; |
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| (d) appoint, employ, remunerate and exercise disciplinary control over its officers and servants; |
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| (e) open, operate and close bank accounts and borrow or raise money, with or without security ; |
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| (f) enter into and perform or carry out, whether directly or through an officer or agent authorized in that behalf by the Institute, all such contracts or agreements as may be necessary for, or conducive or incidental to, the exercise of the powers, performance of the duties and discharge of the functions of the Institute; |
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| (g) conduct, assist, co-ordinate and encourage research in all aspects of training, education, extension and the overall development programmes pertaining to the Winged Bean (Dambala) primarily and other under utilized plants as may be appropriate, thereafter; |
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| (h) import plant, machinery and equipment required for the purposes of the Institute and receive equipment, funds, personnel and any other assistance for the efficient working of the Institute; |
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| (i) levy fees or charges for any services rendered by the Institute; |
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| (j) erect or cause to be erected any building or structure on any land belonging to or held by the Institute; |
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| (k) allow the export and import of breeding material from and to Sri Lanka ; and |
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| (l) do all such other acts and things as are incidental or conducive to the achievement of the objects of the Institute. |
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Sri Lanka Consolidated Acts