4. Subject to the provisions of this Act and any other written law, the Corporation shall have the power to"
| (a) raise funds, and receive grants, gifts or donations, in cash or kind, whether from local or foreign sources ; |
|
| (b) acquire in any manner whatsoever and hold, take or give on lease or hire, sell or otherwise dispose of, any movable or immovable property ; |
|
| (c) invest the funds of the Corporation in such investments as are likely to bring better income or profit and to recall, reinvest or vary any such investment; |
|
| (d) engage, employ and remunerate, such lecturers, teachers, officers and servants as may be required for carrying out the objects of the Corporation and exercise disciplinary control over them ; |
|
| (e) open, operate and close bank accounts, and borrow or raise money, with or without security ; and |
|
| (f) perform and execute all other acts and things as are necessary or desirable, for the attainment of the objects of the Corporation. |
|
|
Sri Lanka Consolidated Acts