6. 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 and matters as are necessary or desirable for the promotion or furtherance of the objects of the Corporation or any one of them, including the power—

to purchase, acquire, rent, construct, renovate and otherwise obtain lands or buildings which may be required for the purposes of the Corporation and to deal with or dispose of the same as may be deemed expedient with a view to promoting the objects of the Corporation;

to borrow or raise funds with or without securities and to receive grants, gifts or donations in cash or kind:

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 accounts in any bank;

to invest any funds that are not immediately required for the purposes of the Corporation, in such manner as the Board may determine;

to undertake, accept, execute, perform and administer any lawful trust or any real or personal property with a view to promoting the objects of the Corporation;

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

to organize lectures, seminars and conferences with a view to promoting the objectives of the

to liaise and co-ordinate with other local and foreign institutions having similar objects to that of the

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