| (1) The Corporation shall have the following powers :-
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| (a) to solicit and receive subscriptions and gifts of all kinds whether absolute or conditional for the purposes of the Corporation; | | |
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| (b) to borrow or raise moneys with or without security for the purposes of the Corporation; | | |
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| (c) to invest the moneys of the Corporation or any moneys entrusted to it in such investments (including mortgages of immovable property) and in such manner as may from time to time be determined by the Corporation; | | |
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| (d) to acquire by purchase, exchange, gift, testamentary disposition or otherwise, and to sell, mortgage, lease, exchange or otherwise dispose of, any property whatsoever; | | |
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| (e) to construct, alter and maintain any buildings required for the purposes of the Corporation or for housing the staff of the Corporation; | | |
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| (f) to appoint and dismiss or terminate the services of all such officers and servants of the Corporation as it may deem necessary and to pay them such salaries, pensions, gratuities and allowances as may from time to time be determined by the Corporation ; | | |
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| (g) to establish or contribute to any fund or scheme for the grant of allowances, gratuities, pensions, or other benefits to officers or servants, past or present, of the Corporation or to the relatives or dependants of such persons; | | |
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| (h) to provide from time to time for the management of the affairs of the Corporation outside Sri Lanka in such manner as the Corporation deems fit and in particular to appoint any person or persons to be the attorney or agent of the Corporation for such purpose and upon such terms as may be thought fit ; | | |
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| (i) to enter into any contract with any person, society or body of persons, whether corporate or unincorporated, or any Government department or local authority for promoting the objects of the Corporation; | | |
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| (j) to accept and carry out any condition or trust subject to which any property is given to the Corporation for the furtherance of its objects; | | |
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| (k) to do all things necessary or expedient for the proper and effective carrying out of the objects of the Corporation. | | |
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Sri Lanka Consolidated Acts