5. The Board shall, in the name of the Trust, have the power to -
| (a) receive grants, gifts or donations in cash or kind whether from, local or foreign sources ; |
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| (b) acquire in any manner whatsoever and hold, take or give on lease or hire, mortgage, pledge, 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 Trust; |
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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 to borrow or raise money, with or without security ; |
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| (f) invest funds belonging to the Trust at the discretion of the Board in any such investments as are authorized by law for the investment of trust money and to recall, re-invest and vary such investments at the discretion of the Board and to collect income accruing from such investments ; |
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| (g) erect or cause to be erected any building or structure on any land belonging to or held by the Trust; and |
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| (h) do all such other acts and things as are incidental or conducive to the carrying out of the objects of the Trust. |
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Sri Lanka Consolidated Acts