4.
| (1) The Corporation shall, subject to the provisions of this Act and any other written law, have the power to do all such acts as are necessary for, or conducive or incidental to, the carrying out of the objects of the Corporation. |
|
| (2) Without prejudice to the generality of the powers conferred by subsection (1), the Corporation shall have the following powers and functions :
| | (a) to receive or collect gifts, grants, donations, subsidies and subscriptions whether in cash or otherwise from local or foreign sources ; | | |
| | (b) to acquire by purchase, exchange, gift, devise or bequest or in any other manner and to hold and enjoy in perpetuity or for any lesser period or subject to any express trust or otherwise for the benefit or the furtherance of the objects of the Corporation, any property, movable or immovable of any kind or nature whatsoever; | | |
| | (c) to open, operate and close bank accounts, and to borrow or raise money, with or without security : | | |
| | (d) to sell, lease, mortgage, exchange or otherwise dispose of any movable or immovable property belonging to or held by the Corporation, subject to any trust attaching to such property; | | |
| | (e) to invest the funds vested in, or belonging to, the Corporation in adequate securities or in the purchase or acquisition of such lands, buildings, goods, chattels or other property as may be proper or necessary for the purposes of the Corporation; and | | |
| | (f) to erect or- cause to be erected, any building or structure on any land belonging to, or held by the Corporation. | | |
|
|
|
Sri Lanka Consolidated Acts