4. Powers of the Corporation

Subject to the provisions of this Act and any other written law, the Corporation shall have the power to —

acquire, hold, take or give on lease or hire, mortgage, pledge, sell, exchange, or otherwise alienate, encumber or dispose of, any immovable property for the purpose of the Corporation ;

enter into and perform or carry out, whether directly or through any officer or agent authorized in that behalf by the Corporation, all such contracts or agreements as may be necessary for the attainment of the objects or the exercise of the powers of the

accept gifts, donations and bequests in cash or in kind ;

invest its funds, create and administer Trusts and to maintain current deposits and savings accounts in any bank ;

publish or cause to be published books, journals, magazines and other literature and establish and maintain libraries, bookshops and printing presses;

advance or lend and to borrow money for the purposes of the Corporation in such manner and upon such security as the Corporation may think fit; and

appoint, employ, transfer, exercise disciplinary control over and dismiss officers and servants required for the carrying out of the objects of the