5. General powers of the Cor-poration
Feedback & supportOfficial English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
Subject to the provisions of this Act and any other written law, the Corporation shall, have the power to—
(@) receive or collect grants, gifts or donations from local or foreign sources ;
acquire in any manner whatsoever and hold, take or give on lease or hire, mortgage, pledge, or sell or otherwise dispose of, any movable or immovable property ;
Bhagewan Sri Sathya Sai Seva Samithi Truat 3
(Incorporation) Act, No. 24 of 1992
give grants, endowments or loans for the furtherance of the objects of the Corporation ;
appoint, employ, remunerate and exercise discipli-nary control over its officers and servants
;
open, operate, and close current, savings and deposit accounts in any bank or banks, and borrow or raise money with or without security
;
invest funds belonging to the Corporation in such securities as may be determined by the Board of
Trustees; and
subject to the provisions of this Act and any other written law to do all such acts or things as may be necessary for the attainment of the objects of the
Corporation.