5.
| (1) The Board shall for the purposes of discharging its functions have the power
| | (a) to acquire and hold, any properly, movable or immovable, and to sell, lease, mortgage, exchange or otherwise dispose of the same ; | | |
| | (b) to enter into all such contracts as may be necessary for the discharge of its functions ; | | |
| | (c) to open, operate and maintain, current, savings or deposit accounts in any bank or banks ; | | |
| | (d) to employ such officers and servants as may be necessary for the discharge of its functions, and to exercise disciplinary control over such officers and servants ; | | |
| | (e) to determine the terms and conditions of service of the officers and servants appointed under paragraph (d) ; and | | |
| | (f) to do all such other acts or things as are necessary for, or incidental to, the discharge of its functions. | | |
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Sri Lanka Consolidated Acts