4. The powers and functions of the Corporation shall be-
| (1) to receive or collect gifts, grants, donations and contributions from local or foreign sources, whether in cash or otherwise; |
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| (2) to acquire by purchase, exchange, gift, testamentary disposition or otherwise 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; |
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| (3) to operate, open and close bank accounts and to borrow or raise money with or without security; |
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| (4) 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; |
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| (5) to invest the funds of the Corporation in adequate securities or in the purchase or acquisition of such lands, buildings, movable property or other property as may be suitable or necessary for the purposes of the Corporation. |
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| (6) to erect or cause to be erected any building or structure on any land belonging to or held by the Corporation; |
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| (7) to appoint the Maha Sangha, dignitaries of other religions, public officers and members of the public of the area to sub-committees of the Corporation, for the purpose of the attainment of the objects of the Corporation; |
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| (8) to appoint an Advisory Board consisting of the Chief Incumbents of the Vihares in the Panduwasnuwara Electoral District, the District Minister for Kurunegala and the Government Agent, Kurunegala, who shall be ex officio members thereof; and |
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| (9) to appoint, employ and dismiss members of the staff for the purposes of the Corporation. |
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Sri Lanka Consolidated Acts