11. It shall be lawful for the Corporation to"
| (a) purchase, acquire, rent, construct and otherwise obtain lands and buildings which may be required for the purpose of the Corporation and may lawfully be acquired for these purposes, and to deal with or dispose of the same as may be deemed expedient with a view to promoting the objects of the Corporation; |
|
| (b) invest any funds not immediately required for the purpose of the Corporation in such manner as the Council may think fit and from time to time to vary and transfer any such investments ; |
|
| (c) raise or borrow money for the purpose of the Corporation on any security or otherwise and to secure or discharge any debt or obligation of the Corporation in such manner as may be thought fit by the Council of the Corporation; |
|
| (d) solicit, raise and receive subscriptions, grants, donations and gifts of all kinds for the purposes of the Corporation; |
|
| (e) construct, maintain or alter any building required for the purposes of the Corporation; |
|
| (f) establish, organize and maintain a library of books, journals, pamphlets, manuscripts and documents on subjects relating to the objects of the Corporation and to formulate rules and regulations for lending to the members such books, journals, pamphlets, manuscripts and documents as are not specially reserved for reference only; |
|
| (g) establish, organize and maintain various funds for specific purposes and to formulate rules for the disbursement of the moneys in such funds to members who undertake research projects coming within the purview of the objects of the Corporation ; |
|
| (h) appoint, dismiss or terminate the services of officers and servants of the Corporation, and to pay them such salaries, allowances, bonuses and gratuities as may from time to time be determined by the Council; |
|
| (i) establish or contribute to any fund or scheme for the grant of gratuities, pensions, allowances or other benefits to officers or servants, past and present, of the Corporation, or to the dependents of such officers and servants; |
|
| (j) enter into any contract with any person, or body of persons, whether corporate or unincorporate, or any Government department or local authority for promoting the objects of the Corporation ; and |
|
| (k) to do all other things necessary or expedient for the proper and effective carrying out of the objects of the Corporation. |
|
|
Sri Lanka Consolidated Acts