5. Subject to the provisions of this Act and any other written law the Corporation shall have the power-
| (a) to acquire, hold and develop any property, movable or immovable, which may become vested in it by virtue of any purchase, grant, gift, testamentary disposition or otherwise ; |
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| (b) to sell, mortgage, lease, exchange or otherwise dispose of any such property ; |
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| (c) to appoint, employ, remunerate, exercise disciplinary control over and dismiss, such officers and servants as may be necessary for the purpose of carrying out the objects of the Corporation ; |
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| (d) to receive grants, gifts or donations, in cash or kind, whether from local or foreign sources ; |
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| (e) to establish branches of the Corporation in Sri Lanka or abroad for the purpose of carrying out the objects of the Corporation ; |
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| (f) to open, operate and close bank accounts and to borrow or raise money with or without such security ; |
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| (g) to invest moneys belonging to the Corporation in such securities as may be determined by the Council ; and |
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| (h) to do all such other acts or things as may be necessary or conducive to the carrying out of the objects of the Corporation. |
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Sri Lanka Consolidated Acts