6. Powers of the Corporation

Subject to the provisions of this Act, and any other written law, the Corporation shall have the power—

to take and held land or buildings by way of acquisition, purchase, rent, construct and otherwise for the purposes of the Corporation ;

to borrow or raise money for the purposes of the

to make, draw, accept, discount, endorse, negotiate, buy, sell and issue bills of exchange, cheques, promissory notes and other negotiable instruments and to open, operate, maintain and close bank accounts for the purposes of the Corporation;

to invest any funds not immediately required for the purposes of the Corporation, in such a manner as the Council may think fit ;

to solicit and receive subscriptions, grants, donations and gifts of all kinds ;

to enter into agreements or contracts with any person, company or body of persons ;

to undertake, accept, execute, perform and administer any lawful trusts and conditions affecting any real or personal property ;

to appoint, employ, dismiss or terminate the services of officers and servants of the Corporation and to pay them such salaries, allowances and gratuities as may be determined by the Corporation ;

to train personnel in Sri Lanka or abroad for the purposes of the Corporation; and

to do all other acts as are conducive or incidental to the attainment of all or any of the above objects.