5. Subject to the provisions of this Act and any other written law the Corporation shall have the power "
| (a) to acquire, and hold, any property, movable or immovable, which may become vested in it by virtue of any purchase, grant, gift, testamentary disposition or otherwise; |
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| (b) to sell, mortgage, lease, exchange or otherwise dispose of any such property; |
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| (c) to appoint, employ, remunerate, exercise disciplinary control over, and dismiss, such officers and servants as may be necessary for the purpose of carrying out the objects of the Corporation; |
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| (d) to receive grants, gifts or donations in cash or kind whether from local or foreign .sources; |
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| (e) to open, operate and close bank accounts and to borrow or raise money with or without security ; |
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| (f) to invest moneys belonging to the Corporation in such securities as may be determined by the Committee of Management; and |
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| (g) to do all such other acts and things as are incidental or conducive to the carrying out of the objects of the Corporation. |
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Sri Lanka Consolidated Acts