4. General powers of the Corporation

Official 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 or any other written law, the Corporation shall have the power to —

(a)

to solicit and receive or collect subscriptions, grants and donations ;

(b)

to purchase, acquire, rent, construct, and otherwise, obtain lands or buildings which may be required for the purposes of the Corporation ;

(c)

to open, operate and close bank accounts, to borrow or raise funds with or without security ;

(b)

to invest any funds not immediately required for the purposes of the Corporation in such manner as the Committee of Management may think fit ;

(e)

to enter into agreements or contracts with any person or body of persons ;

(f)

to charge fees for the re-enrollment of persons who had been members of the Corporation ;

(g)

to employ, dismiss or terminate the service of officers and servants of the Corporation and to pay them such salaries, allowances and gratuity as may be determined by the Corporation ;

(h)

to seek aid, assistance and co-operation from any governmental and non-governmental organization, local as well as international, for achieving the objects of the Corporation ; and

(i)

to do, perform and execute all such acts, matters and things as are necessary, incidental or conducive to the carrying out or the attainment for the objects of the Corporation.

Read on from s 5