6. Powers of the Corporation

Subject to the provisions of this Act, the Corporation shall have the power —

to purchase, acquire, rent, construct and otherwise obtain lands or buildings which may be required for the purposes of the Corporation ;

to borrow or raise money from bank and other

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

to invest any funds which are not immediately required for the purposes of the Corporation, in such a manner as the Board of Management may deem fit ;

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

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

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 perform and execute all other acts and things as are necessary or desirable for the attainment of the objects of the Corporation.