4. Genaral 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 the objects of the Corporation or any one of them including the power to open, operate and close bank accounts to borrow or raise money with or without security to receive or collect grants and donations to invest its funds and to engage, employ and dismiss officers and servents required for the carrying out of the objects of the Corporation.