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 —

acquire, hold or take any property movable or immovable for the Corporation or give on lease or hire, mortgage, pledge, sell, exchange or otherwise dispose of the same, subject ot the rules made under section 6 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;

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

invest its funds that are not immediately required for the purposes of the Corporation in such manner as may be decided by the Board of Management and to open, operate, maintain or close current, diposit and savings accounts in any Bank;

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

appoint, employ, transfer, exercise disciplinary control over officers and servants as are required for the carrying out of the objects of the Corporation and to prescribe their terms and conditions of service and dismiss such officers or servants.