4.
| (1) The Foundation shall subject to the provisions of this Act have the following powers :-
| | (a) to acquire and hold property, movable or immovable, which may become vested in it under this Act or by virtue of any purchase, grant, gift, testamentary disposition or otherwise, and subject to any trust attaching to such property, to sell, mortgage, lease, exchange or otherwise dispose of the same : | | |
| | (b) to enter into and perform, all such contracts as may be necessary for carrying out the objects of the Foundation ; | | |
| | (c) to levy such charges as the Foundation may from time to time determine, in consultation with the Central Cultural Fund, for the admission of the visitors to the property of the Foundation or any part thereof or for the use by such visitors, of any such property ; | | |
| | (d) to receive or collect, gifts, grants or donations, in cash or kind from persons or organisations for the development of Sigiriya World Heritage Site and its environs ; | | |
| | (e) to establish, maintain, and develop, places for religious observances and places of accommodation and public amenities in the Sigiriya World Heritage Site and its environs, subject to the directions of Department of Archaeology, the Urban Development Authority, local authorities and of the Ceylon Tourist Board ; | | |
| | (f) to make, draw, accept, endorse, negotiate, buy, sell and issue bills of exchange, cheques, promissory notes and other negotiable instruments and to open and maintain, current, savings, and deposit accounts in any bank or banks ; | | |
| | (g) to borrow, with or without security, moneys necessary for carrying out its objects ; | | |
| | (h) to invest any moneys belonging to the Foundation including any unapplied income, in any security which under the provisions of section 20 of the Trusts Ordinance (Chapter 87), or of any other written law, it is lawful to invest trust moneys, or to invest any such moneys in the purchase of immovable property in Sri Lanka, or vary such investment or place in fixed deposits in any bank, any portion of such moneys not required for immediate expenditure ; and | | |
| | (i) to appoint professional and other staff on such schemes of recruitment as may be determined by the Board of Management established under section 6. | | |
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Sri Lanka Consolidated Acts