5. Powers of the Board

to acquire and to hold, any property, movable or immovable, and to sell, lease, mortgage, or exchange or otherwise dispose of, the same ;

to enter into all such contracts as may be necessary for the discharge of its functions ;

to open, operate and maintain, current, savings or deposit accounts in any bank or banks ;

to employ such officers and servants as may be necessary for the discharge of its functions, and to exercise disciplinary control over such officers and servants ;

to determine the terms and conditions of service of the officers and servants appointed under paragraph (d) ; and

to do all such other acts or things as are necessary for, or incidental to, the discharge of its functions.