Section 4

Subject to the provisions of this Act and any other written law, the Corporation, shall have the power to do, perform and execute all such acts, matters and things what-soever, as are necessary or desirable for the promotion, or furtherance of the objects of the Corporation or any one of them, including the power to open, operate and close bank accounts, to borrow or raise moneys, with or without secu-rity, to receive or collect grants and donations, to invest ite funds and to engage, employ and dismiss, officers and ser-vants required for the carrying out of the objects of the

Corporation.