4. General powers of 1hc Corporation

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

perform and execute, all such acts, matters and things as are necess:iry or desirable for the promotion or furtherance of the objects of the Corporation or any one of them, including the power to open. operate and close bank accounts, 10

borrow or raise moneys. with or without security, to receive or collect gran.ts and donations, to invest its funds and to engage, employ and dismiss, officers and servants required for the carrying.out of the objects of the Corporation.

Management of the affairs of the Corporation.

S.. (-1) The affairs of the Corporation shall, subject to the other provisioins of this Acl be administered by a Board of

Management (hereinafter referred to as the ''Board'')

consi¿ting of the office-bearers and such other members as may be elected in accordance with the rules of the Corpora1ion made under section.6 .

. (2) The first Board shall be the Board of Management of the Association holding office on the day preceding the date of commencement of this Act.

Cm·c1w11em Scn·iccs Buddliist Associario11 3

( /11corporation) Act, No. 3 of 2008