8. Powers of the Fund

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

The Fund shall have the power :—

(a)

to acquire, hold, take or give on lease, any movable or immovable property received by the Fund as gift, donation, devise or otherwise ;

(b)

to sell, mortgage, lease, exchange or otherwise dispose of, any movable or immovable property belonging to the Fund ;

(c)

to give grants, donations or awards for carrying out the object of the Fund ;

(d)

to enter into and perform, either directly or through officers or agents authorized in writing in that behalf by the Board, all such contracts and agreements as may be necessary for carrying out the object of the

Fund ;

(e)

to assist institutions which are engaged in the preservation and fostering of Dhamma Schools ;

(f)

to make rules relating to all matters connected with the administration of the Fund ;

(g)

to borrow or obtain money, with the property of the

Fund as security or without security ; and

(h)

to do all such other acts and things as are incidental or conducive to, carrying out the object of the Fund.

Read on from s 9