4. Powers of the Board

The Board shall have and may exercise all or any of the following powers -

to hold, take or give on lease or hire, mortgage, pledge, sell or otherwise dispose of, any moveable or immovable property;

to undertake to execute any trusts, or any agency business which may seem to the Board conducive to the discharge of its functions;

to borrow and raise loans for the discharge of its functions and for the purpose of raising such loans to offer by way of mortgage or collateral, such property owned by the Board, as is considered necessary;

to invest any moneys of the Board not immediately required for the discharge of its functions in such manner as may, from time to time be determined by the Board;

to charge such fees as may be determined by the

to enter into such contracts as may be necessary for the discharge of its functions; and

to do all such other things as are necessary for, or incidental, or conducive to the discharge of the functions of the Board.