4. General powers of the Corporation

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 its objects of the Corporation or any one of them, including the power to:—

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

solicit, receive and collect grants, gifts or donations, in cash or kind;

open, operate and close bank accounts;

borrow and raise money with or without security;

invest any funds not immediately required for the purpose of the Corporation in such manner as the