4. General powers of the 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 necessary or desirable for the promotion or furtherance of any one or more of the objects of the Corporation including the power to open, operate and close bank accounts and to engage, employ and dismiss officers and servants as are required for the carrying out of the objects of the Corporation.