4. The Board shall, have the power "
| (a) to receive grants, gifts or donations in cash or in kind, whether from local or foreign sources; |
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| (b) to take or hold any movable property which may become vested in it by this Act or by virtue of any purchase, grant, gift or otherwise and to sell, grant or otherwise dispose of, any movable property to which the Fund may become entitled; |
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| (c) to award scholarships for the furtherance of the objects of the Fund; |
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| (d) to enter into or perform, either directly or through officers and servants or agents authorised in writing in that behalf by the Board, all such contracts and agreements as may be necessary for the exercise, performance and discharge of the powers, duties and functions, and in carrying out the objects, of the Fund; |
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| (e) subject to the provisions of this Act, to appoint, employ and remunerate such officers and servants as may be necessary for the administration of the affairs of the Fund, and to make rules regarding the appointment, promotion, remuneration and disciplinary control of such officers and servants and the grant of leave and other benefits to them: |
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| (f) to invest monies belonging to the Fund and to recall, re -invest and vary such investments at the discretion of the Board ; and |
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| (g) to make rules m relation to all matters connected with the administration of the Fund. |
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Sri Lanka Consolidated Acts