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 moneys with or without security, to accept and collect any grants or donations, to invest the funds of the Corporation and to appoint, employ and dismiss officers and servents required for carrying out of all or any one of the objects of the Corporation.