Section 4

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

fhe Corpor-Subject to the provisions of this Act and any other written law the Corporation shall have the power to—

(a)

to receive or collect gifts, grants, donations, subsidies and subscriptions, whether in cash or otherwise from local or foreign sources ;

(b)

to acquire any property, movable or immovable by purchase, exchange, gift, devise, grant or in any other manner, and to hold and enjoy. in perpetuity or for any shorter period or subject to any express trust or otherwise, such property for the benefit, or the furtherenc of the objects, of the Corporation ;

(c)

to operate, open and close bank accounts, and to borrow er raise money, with or without security ;

Asian Buddhist Congress (Incorporation)

Act, No. 23 of 1908

(d)

to sell, lease, mortgage, exchange or otherwise dis-pose of, any movable or immovable property belong-ing to, or held by, the Corporation, subject to any trust attached to such property

;

(e)

to invest the funds vested in or belonging to, the

Corporation, in adequate securities or in the purchase or acquisition of such lands, buildings, goods, or other property as may be necessary for the Corporation

;

(f)

to erect or cause to be erected any building or struc-ture on any land belonging to, or held by the Cor-poration

; and

(g)

to engage, employ and dismiss officers and servants required for the carrying out of the objects of the

Corporation.

Report

Read on from s 5