5.
| (1) Subject to the provisions of this Act and any other written law, and the terms of the trust, the Corporation shall have the power to do all such acts and things as are necessary for or conducive or incidental to the carrying out of the objects of the Trust. |
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| (2) Without prejudice to the generality of the powers conferred by subsection (1), the Corporation shall have the following powers :"
| | (a) to acquire in any manner whatsoever and hold any property, movable or immovable which may become vested in it by any purchase, grant, gift, device or otherwise ; | | |
| | (b) to sell, mortgage, lease, convey, devise, assign, exchange or otherwise dispose of any such property ; | | |
| | (c) to invest funds belonging to the Trust in treasury bonds, treasury bills and such other securities as may be determined by the Corporation ; | | |
| | (d) to open, operate and close, bank accounts and to borrow or raise money, with or without security : | | |
| | (e) to engage, employ and dismiss officers and servants required for the carrying out of the objects of the Trust ; | | |
| | (f) to raise funds and receive grants, gifts or donations in cash or kind : and | | |
| | (g) to do all such other acts and things as are incidental or conducive for the carrying out of the objects of the Trust. | | |
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Sri Lanka Consolidated Acts