4. The Institution shall have and may exercise all or any of the following powers :-
| (a) to acquire in any manner whatsoever and to hold, take or give on lease or hire, mortgage, pledge, sell or otherwise dispose of, any movable or immovable property; |
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| (b) to apply for, purchase, receive by assignment or otherwise acquire in accordance with the laws for the time being applicable in that behalf any patents, brevets, inventions, concessions, licences and the like, conferring exclusive, non-exclusive, or limited rights to use information as to any invention or discovery, and to develop, use, exercise, assign, transfer, sell, grant licences in respect of, or otherwise turn to account, the property, rights and information so acquired ; |
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| (c) to undertake to execute any trusts, or any agency business which may seem to the Institution conducive to the attainment of its objects ; |
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| (d) with the permission of the owners to utilise the services of laboratories other than those maintained by the Institution and approve such laboratories, for the purpose of the Institution; |
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| (e) to invest any moneys of the Institution not immediately required for any of its objects in such manner as may, from time to time be determined by the Council; |
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| (f) to charge such fees for any services rendered, as may be determined by the Council; and |
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| (g) to do all such things as are necessary for, or incidental, or conductive to, the attainment of the objects of the Institution or, necessary for or incidental to the performance of any functions or the exercise of any powers of the Institution or which are calculated directly or indirectly to enhance the value of, or render profitable, any of the property or rights of the Institution. |
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Sri Lanka Consolidated Acts