8.
| (1) The Board shall, in the name of the Fund, have the power to do all things necessary for, or conducive or incidental to, the carrying out of the objects of the Fund, |
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| (2) Without prejudice to the generality of the powers conferred by sub section (1), the Board shall have the following powers and functions: -
| | (a) to acquire and hold any property, movable or immovable which may become vested in it by this Act or by virtue of any purchase, grant, gift, devise or otherwise; | | |
| | (b) to sell, mortgage, lease, grant, convey, devise, assign, exchange or otherwise dispose any such property; | | |
| | (c) to erect any building on any land vested, acquired or held by the Fund; | | |
| | (d) to invest moneys belonging to the Fund in such securities as may be determined by the Board ; | | |
| | (e) to open, operate and close bank accounts and to borrow or raise money with the property of the Fund as security, or without such security, for the purposes of the Fund ; | | |
| | (f) to raise funds and to receive grants, gifts or donations in cash or kind whether from local or foreign sources; and | | |
| | (g) to do all such other acts and things as are incidental or conducive to the carrying out of the objects of the Fund : | | |
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Sri Lanka Consolidated Acts