7.The Bank may exercise all or any of the following powers: -
| (a) to appoint a General Manager who shall be the chief executive officer of the Bank; |
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| (b) to appoint such other officers and servants as may be necessary for carrying out the work of the Bank ; |
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| (c) to establish a provident fund, and provide welfare and recreational facilities, houses, hostels and other like accommodation for persons employed by the Bank; |
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| (d) 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 performance of the duties of the Bank ; |
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| (e) to make rules in relation to its officers and servants, including their appointment, promotion, remuneration, disciplinary control, conduct and the grant of leave to them ; |
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| (f) to make rules in respect of the administration of the affairs of the Bank ; and |
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| (g) to do all other things which, in the opinion of the Board of Directors, are necessary to facilitate the proper carrying on of the business of the Bank. |
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Sri Lanka Consolidated Acts