5. General powers of the Corporation

Official 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—

(a)

utilize the funds belonging to the Corporation in order to achieve the objects of the Corporation, in a manner determined by the Board of Management;

(b)

open, maintain and close bank accounts in any bank or banks as may be determined by the Board of

Management;

(c)

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

Corporation ; and

(d)

do all other acts and things as are incidental or conducive to the attainment and furtherance of the objects of the Corporation.