6.
| (1) The Board shall, in the name of the Fund, have the power to do all things necessary for, or conducive or incidental to, the carrying out of the objects of the Fund. |
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| (2) Without prejudice to the generality of the powers conferred by subsection (1), the Board shall have the! following powers and functions:
| | (a) to raise funds and to receive grants, gifts, or donations, in ash or kind, whether from local or foreign sources; | | |
| | (b) to take or hold any property, movable or immovable, which may become vested in it by this Act or by virtue of any purchase, grant, gift, testamentary disposition or otherwise, and to sell, mortgage, lease, grant, convey, devise, assign, exchange or otherwise dispose of, any property to which the Fund may become entitled; | | |
| | (c) to give grant, endowments or scholarship locally and; abroad, for the furtherance of the objects of the Fund; | | |
| | (d) to conduct lotteries with the approval of the Government to collect moneys for the furtherance of the objects of the Fund; | | |
| | (e) to enter into and 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, performance and discharge of the powers, duties and functions, and for carrying out the objects, of the Fund; | | |
| | (f) subject to the provisions of this Act, to appoint, employ and remunerate officers and servants of the Fund 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; | | |
| | (g) to erect or cause to be erected any building or structure on any land belonging to or held by the Fund; | | |
| | (h) to invest moneys belonging to the Fund at the discretion of the Board in any such investments as are authorized by law for the investment of money including trust money and to recall, re-invest and vary such investme.1ts at the discretion of the Board and to collect income accruing from such investments ; | | |
| | (i) to open, operate and close bank accounts and to borrow or raise money with the property of the Fund as security, or without such security, for the purposes of the Fund; and | | |
| | (j) to do all such other acts and things as are incidental or conducive to the carrying out of the objects of the Fund. | | |
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Sri Lanka Consolidated Acts