4. General 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 and 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 enter into any contracts, to invest its funds, to grant loans on personal guarantees, or otherwise and to engage, employ and dismiss officers and servants required for the carring out the objects of the Corporation.

4

Board of Directors of the Rehabilitation and

Education Development Fund

(Incorporation) Act, No.52 of 1999