4. Powers and functions of the Corpora-tion

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

(1)

The Corporation shall have the power to do all things necessary for or conducive or incidental to the carrying out of the objects of the Corporation.

(2)

Without prejudice to the generality of the powers conferred under subsection (1) the Corporation shall have the following powers and functions :—

(a)

to receive or collect gifts, grants, donations, subsidies and subscriptions whether in cash or otherwise from the Government, or private organizations, or from sources outside Sri Lanka ;

(b)

to acquire and hold either as absolute or beneficial owner or as trustee or otherwise by purchase, exchange, gift, devise, or bequest, or in any other manner and to hold and enjoy in perpetuity or for any lesser period subject to any express trust or otherwise for the benefit or the furtherance of the objects of the Corporation, any property, movable or immovable of any kind or nature whatsoever

;

(c)

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

(d)

to sell, lease, mortgage, exchange or otherwise dispose of any movable or immovable property, belonging to or held by the Corporation subject to any trust attaching 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, chattels, or other property as may be proper or necessary for the purposes of the Corporation

;

(f)

to erect or cause to be erected any buildings or structure on any land belonging to or held by the

Corporation

;

ee re ROMER pom = mae, Ao aremm rmpigeytirms 2 oo ns cate 4 Deeghavapi Prathisanskarana Sabhawa (Incorporation)

Act, No. 18 of 1980

(g)

to make such investments or take such steps as may be necessary for the promotion, protection and maintenance of the Deeghavapi Sacred Area as a place of archaeological and cultural importance and as a place of Buddhist religious worship ;

(h)

to employ such officers, servants and agents as may be necessary for carrying out the objects of the

Corporation

; and

{i) subject to the rules of the Corporation to enter inte any agreement, to create, execute, grant or issue any mortgages, bonds or obligations for the accomplishment of the objects of the Corporation.

Committee of

Report

Read on from s 5