4. powers

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 as are necessary or desirable for the furtherance cof the objects ofthe 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 receive or collect grants or donations, to invest its funds and to engage, employ and dismiss officers and servants required ~

for the carrying out of the objects of the Corporation.

Corporation, Management of the eftairs of the Corporation,

5 (1) The affairs of the Corporation shall, subject to the other provisions of this Act and the rules in force for the time being of the Corporation, be adminis-tered by a Board of Management consisting of the office-bearers and such number of other persons as may be provid-ed for in such rules and elected in accordance therewith.

The first Board of Management of the Corporation shall be the Board of Management of the Association holding office on the day immediately preceding the date of commencement of this Act.