6.
| (1) Subject to the provisions of subsection (2) the foundation shall have, for the purpose of achieving its objects, the power -
| | (a) to establish or maintain an institution or initiations or educational or social centres. | | |
| | (b) to collaborate and enter into any contract of agreement with cue Friedrich Ebert Foundation of the Federal Republic of Germany registered under the Societies Ordinance of he said Republic and having its registered office at Bonn in the said Republic and other foreign international or local organizations having the same or similar objects as the Foundation; | | |
| | (c) to hold or organize meetings, conferences, tours lectures, seminars and courses of study; | | |
| | (d) to give assistance by grants, awards, prizes, bursaries, scholarships and facilities for deserving students with educational ability or aptitude; | | |
| | (e) to give, receive or collect gifts, grants, donations subsidies and subscriptions whether in cash or otherwise; | | |
| | (f) to collect, classify, print, publish and distribute books, journals magazines and reading material; | | |
| | (g) to make draw, accept, endorse negotiate, buy sell and issue hills of exchange, cheques, promissory notes, and other negotiable instruments; | | |
| | (h) to open and maintain current, savings and deposit account or accounts in any Bank or Banks; | | |
| | (i) to acquire and hold either as absolute or beneficial owner or as trustee or otherwise by purchase, exchange, gift, devise or bequest or in any other manner and to bold and enjoy in perpetuity or for any lesser period subject to any express trust or otherwise for the benefit or the furtherance of the objects of the Foundation any property movable or immovable of any kind or nature whatsoever; | | |
| | (j) to invest the funds vested in or belonging to the Foundation in adequate securities or in the purchase or acquisition of such lands, buildings, goods, chattels or other property as may be proper or necessary for the purposes of the Foundation; | | |
| | (k) to erect or cause to be erected any building or structure on any land belonging to or held by the Foundation; | | |
| | (l) to sell, lease. exchange or otherwise dispose of any movable or immovable property belonging to or held by the Foundation subject to any trust attaching to such property; and | | |
| | (m) to do all such acts or things as may be necessary for or conducive to the attainment of the aims and objects of the Foundation. | | |
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| (2)
| | (a) The Foundation shall not support with its funds any object of a religious, racial or communal nature, | | |
| | (b) The Foundation shall not support with its funds any object or Endeavour to impose on or procure the observance by its members or others of any regulation, restriction or condition which would make it a trade union. | | |
| | (c) In case the Foundation shall take or hold any property, the Foundation shall not sell, hypothecate, change lease or dispose of the same without such authority, approval or consent as may be required by law. | | |
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Sri Lanka Consolidated Acts