15. The Authority shall have the power-
| (a) to acquire, hold, take or give on lease or hire, mortgage, pledge, sell or otherwise dispose of, any movable or immovable property ; |
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| (b) to borrow, with or without security, moneys, on such terms and conditions as may be approved by the Minister, for the purpose of discharging it's functions ; |
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| (c) to accept gifts, grants or donations whether in cash or otherwise, and to apply them for discharging its functions ; |
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| (d) to appoint such officers and servants as may be necessary for carrying out the work of the Authority ; |
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| (e) to appoint sub-committees or to cordinate with units at provincial level, for the effective discharge of its functions; |
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| (f) to determine the remuneration payable to the officers and servants so appointed; |
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| (g) to establish a social security scheme, and provide welfare and recreational facilities for its officers and servants; |
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| (h) to enter into and perform all such contracts, whether in or outside Sri Lanka, as may be necessary for the exercise of the powers and the discharge of the functions of the Authority; |
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| (i) to make rules in respect of the administration of the affairs of the Authority; and |
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| (j) generally, to do all such other things as are necessary to facilitate the proper discharge of the functions of the Authority. |
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Sri Lanka Consolidated Acts