| (2) Without prejudice to the generality of the powers conferred by subsection (1) the Board shall have the followings
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| (a) to acquire in any manner whatsoever and to hold, take or give en lease or hire, mortgage, pledge, sell or otherwise dispose of, any movable or immovable property ; | | |
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| (b) to enter into and perform or carry out, whether directly or through any officer or agent authorized in writing in that behalf by the Board, all such contracts or agreements as are necessary for the carrying out of the objects of the Fund ; | | |
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| (c) to construct, maintain and repair buildings owned by the Fund : | | |
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| (d) to purchase, transport, store, supply and maintain, any commodity, equipment, machinery, or service necessary for the earning out of the objects of the Fund: | | |
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| (e) to appoint, employ, remunerate and exercise disciplinary control over, such officers, servants and agents as may be necessary for carrying out of the objects of the Fund ; | | |
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| (f) to establish and maintain pension schemes, for the benefit of tea small holders and to insure tea small holdings against risks ; | | |
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| (g) to train, officers and servants of the Fund and create awareness among tea small holders about the objects of the Fund ; | | |
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| (h) to establish and maintain welfare and recreational facilities, hostels and other like accommodation for the officers and servants of the Fund ; | | |
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| (i) 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 carrying out the objects of the Fund ; | | |
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| (j) to levy fees or other charges for services performed, or facilities or equipment provided, by the Fund ; | | |
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| (k) to provide assistance, including financial assistance by way of loans, or grants, to any registered Society. or any person or body of persons engaged in the cultivation of tea in small holdings ; | | |
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| (l) to manage or participate in the management of. or assist in, or supervise the management of, tea lands, tea factories, tea bagging or tea packing plants, disposal units and any other venture related to the tea industry ; | | |
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| (m) to make rules in respect of the administration and financial procedures of the Fund ; | | |
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| (n) to invest such moneys of the Fund as are not immediately required for its purposes, in such securities as the Board may consider fit and to transfer or sell such securities ; | | |
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| (o) to issue shares of the Fund to persons entitled to be shareholders and to pay dividends to such shareholders out of the profits of the Fund. | | |
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Sri Lanka Consolidated Acts