4. General powers of the Corporation

borrow or raise money for the purposes of the

Corporation on any security and to secure the discharge of any debt or obligation of the Corporation in such manner as it may think fit ;

make, accept, discount, endorse, negotiate, buy, sell and issue, bills of exchange, cheques, promissory notes and other negotiable instruments and to open, operate and close bank accounts in Sri Lanka ;

invest funds not immediately required for the purposes of the Corporation in such manner as it may think fit and to vary and transpose any such investments from time to time as may be necessary ;

accept subscriptions, grants, donations and gifts of all kinds ;

enter into agreements and contracts with any person, company or body of persons in Sri Lanka and abroad ;

administer any lawful trust affecting any movable or immovable property held or owned by the

Corporation subject to any condition imposed thereon ;

exercise power of appointment or dismissal of officers and servants of the Corporation and to pay such salaries, allowances and gratuities as may be determined by the Corporation ;

Cassim Family Trust (Incorporation)

3

Act, No. 35 of 2000