8. Subject to the provisions of this Act, and any other written law. the Corporation shall have the power "
| (a) to purchase, rent, lease or otherwise acquire lands or buildings which may be required for the purposes of the Corporation ; |
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| (b) to borrow or raise money with or without interest for the purposes of the Corporation ; |
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| (c) to make, draw, accept, discount, endorse, negotiate, buy, sell and issue, bills of exchange, cheques, promissory notes and other negotiable instruments and to open, operate and close, bank accounts ; |
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| (d) to invest any funds not immediately required for the purposes of the Corporation in such manner as the Board may think fit; |
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| (e) to solicit and receive subscriptions, grants, donations, and gifts of all kinds ; |
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| (f) to enter into agreements or contracts with any person. company or body of persons as may be necessary for carrying out its objects ; |
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| (g) to undertake, accept, execute, perform and administer any lawful trusts and conditions affecting any movable or immovable property ; |
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| (h) to appoint employ and dismiss, officers and servants of the Corporation, and to pay them such salaries, allowances and gratuities as may be determined by the Corporation ; and |
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| (i) to do all other acts and things as may be necessary or expedient for the proper and effective carrying out of the objects of the Corporation. |
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Sri Lanka Consolidated Acts