4. General powers of the Corporation
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Subject to the provisions of this Act and any other wrilten law, the Corporation shall have the power to do, perform and execute, all such acts, matters and things whatsover as are necessary or desirable for the promotion or furtherance of the objects of the Corporation, or any onc of them, including the power to open, operate and close bank accounts, to borrow or raise moncy with or without security, to reccive or collect grants 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.
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The affairs of the Corporation shall subject to the rules of corporation be administered by a Board of Trustecs consisting of such number of members as may be provided for in such rules and clected in accordance therewith.
Katuwana Adults Care Centre Development 3
Foundation (Incorporation) Act, No, 29 of 2000
The first Board of Trustees of the Corporation’ shall consist of the members of the Board of Trustees of the
Foundation holding office on the day immediately preceding the date of commencement of this Act who shall continue in office until the first Annual General Meeting of the Corporation.