5. 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 and any other written law, the Corporation shall have the power to do, perform and execute all such acts, matters and things whatsoever, 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—

(a)

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

(b)

enter into and perform or carry out, whether directly or through any officer or agent authoirized 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

Corporation;

(c)

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

Rev. Moonamale Dhammarathana Memorial

(d)

invest its funds, and to maintain current, deposit and savings accounts in any bank;

(e)

borrow or invest money for the purposes of the

Corporation in such manner and upon such security as the corporation may think fit; and

(f)

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

Corporation.

Read on from s 6