7.
| (1) The Board shall, in the name of the Trust, have the power to do all such things as are necessary for, or conducive or incidental to, the carrying out of the objects of the Trust. |
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| (2) Without prejudice to the generality of the powers conferred by subsection (1), the Board may exercise and discharge the following powers and functions : -
| | (a) to direct the Custodian Trustee to sell, mortgage, lease, grant, convey, devise, assign, exchange or otherwise dispose of any movable or immovable property belonging to the Trust:
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| | (b) to give grants, endowments or scholarships for the furtherance of the objects of the Trust; | | |
| | (c) to enter into or perform, either directly or through officers and servants or agents authorized in writing In that behalf by the Board, all such contracts and agreements as may be necessary for the exercise, discharge and performance of its powers, functions and duties and in carrying out of the objects of the Trust; | | |
| | (d) subject to the provisions of this Act, to appoint, employ and remunerate officers and servants-of the Trust and to make rules regarding the appointment. promotion, remuneration and disciplinary control of its employees and the grant of leave and other benefits to them ; | | |
| | (e) to direct the Custodian Trustee to invest funds belonging to the Trust in any such investments as are authorized by the Trusts Ordinance or any other law relating to the investment of trust funds and to recall, reinvest and vary such Investments; | | |
| | (f) to make rules in relation to all matters connected with the administration of the Trust | | |
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Sri Lanka Consolidated Acts