8. Fund of the Corporation

The Corporation shall have its own fund and all monies heretofore received or hereafter be received by way of gifts, testamentary dispositons, grants, donations, contributions or fees on behalf ot the Corporation shall be deposited to the credit of the Fund of the Corporation in one or more banks as the Governing Council may determine.

The Corporation may establish a depreciation fund or a sinking fund for the purpose of rehabilitation, development or improvement of the property of the Corporation.

There shall be paid out of the fund all sums of money to defray any expenditure incurred by the Corporation in the exercise, performance and discharge of its powers, duties and functions under this Act.

The financial year of the Corporation shall be the calender year.