25. In addition to any powers expressly conferred on it by the preceding provisions of this Act the Corporation shall have the power"
| (a) to acquire and hold any property, movable or immovable and to sell, lease, mortgage, exchange or otherwise dispose of the same ; |
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| (b) to open and maintain, current, savings or deposit accounts in any bank or banks ; |
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| (c) to enter into such contracts, agreements as may be necessary for the exercise, performance or discharge of its powers, duties or functions ; |
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| (d) to invest such of its funds as are not immediately required for" the purposes of the Corporation in such securities as it may determine ; |
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| (e) to erect, equip and maintain such buildings including laboratories, libraries, workshops and offices, as are necessary for the discharge of its functions ; |
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| (f) to collect, print and publish reports, periodical and papers on subjects relevant to its functions; |
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| (g) to appoint such committees and consultants as may be necessary for the proper discharge of its functions; |
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| (h) to acquire such rights, privilege powers licences and authorities as may be necessary for the performance and discharge of its duties and functions; |
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| (i) to enter with the approval of the Minister agreements for co-operation with institutions whether in Sri Lanka or abroad having objects wholly or partly similar to those of the corporation for the exchange of technical personnel generally, for such purposes as to the attainment of their common |
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| (j) to delegate any of its powers. duties and functions the Chairman, the Director or a committee appointed under paragraph (g) |
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| (k)to appoint such officers and servants as may be necessary for the discharge of its functions ; |
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| (l) to exercise disciplinary control, including dismissal, over the officers and servants so appointed, ether than the Director : |
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| (m) to fix the wages or salaries or other remuneration of such officers and servants; |
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| (n) to reward the scientists, engineers and technical personnel and other employees of the Corporation, with incentives based on performance. |
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Sri Lanka Consolidated Acts