As enactedVersion · As enacted
6. Power of the Corporation to acquire property, invest funds and raise loans &c
Feedback & supportOfficial English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
Subject to the provisions of this Act and any other written law, the Corporation shall have the power—
(a)
to purchase, rent and otherwise acquire lands or buildings which may be required for the purposes of the Corporation ;
(b)
to borrow or raise money for the purposes of the
Corporation ;
(c)
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 bank accounts
;
(d)
to invest any funds not immediately required for the purposes of the Corporation in such manner as the
Board may think fit ;
4
(e)
(g)
(A)
()