4. 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—

(a)

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

(b)

to draw, accept, discount, endorse, negotiate, buy, sell and issue bills of exchange, cheques, promissory notes and other negotiable instruments and to open, act, maintain and close bank accounts in Sri Lanka and elsewhere;

(c)

to enter into and perfom or carry out all such agreements or contracts with any person or body of

Society of Structural Engineers of Sri Lanka persons in Sri Lanka or outside Sri Lanka as may be necessary for the attainment of the objects or the exercise of the powers of the Corporation;

(d)

to undertake, accept, execute, perfom and administer any trusts which may directly or indirectly be conducive to the accomplishment of all or any of the objects of the Corporation;

(e)

to invest all moneys of the Corporation which are not immediately required for the purpose of carrying out the objects of the Corporation in securities of the Government of Sri Lanka or in any other from of investment;

(f)

to appoint, employ, dismiss or terminate the services of officers and servants of the Corporation and to pay them such salaries, allowances, pensions and gratuities as may be determined by the Executive committee of the Corporation;

(g)

to affiliate with any Organization, Associaiton or any other Institution in Sri Lanka or outside whose objects are similar to that of the Corporation;

(h)

to appoint sub committees.

Read on from s 5