4. The Institute shall have the power-
| (a) to acquire, hold, take or give on lease or hire, mortgage, pledge, sell and exchange, or otherwise alienate, encumber or dispose of, any immovable or movable property for the-purposes of the Institute; |
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| (b) to enter into and perform or carry out, whether directly or through any officer or agent authorized in that behalf by the Institute, all such contracts or agreements as may be necessary for the attainment of the objects or the exercise of the powers of the Institute; |
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| (c) to invest its funds, and to maintain current, deposit and savings accounts in any bank or banks; |
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| (d) to advance or lend, and to borrow, money for the purposes of the Institute in such manner and upon such security as the Institute may think fit; |
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| (e) to levy fees, subscriptions and contributions in respect of membership, admission to membership, and admission to courses and examinations conducted by the Institute; |
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| (f) to prescribe the terms and conditions of, and to supervise, control and regulate the engagement, training, transfer and dismissal of persons desiring to qualify as architects; |
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| (g) to appoint, employ, transfer, dismiss and take other disciplinary action against officers and servants and to prescribe their terms and conditions of service; |
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| (h) generally, to do all such acts and things as are necessary for, or incidental or conducive to, the carrying out or the attainment of the objects of the Institute. |
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Sri Lanka Consolidated Acts