4. , 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 what-soever, as are necessary, or desirable, or expedient, 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 receive or collect grants and donations, to invest the funds of the Corporation, to construct any build-ings on any land vested in or acquired or held by the

Corporation, and to engage, employ ard dismiss officers and servants required for the carrying out of the objects of the

Corporation.

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|. wt Ceylon Arabic College, Addalaichenai 3

(Incorporation) Act, No. 52 of 1992 5.

Management. of the affairs of the Corporation.

The affairs of the Corporation shall, subject to thie rules of the Corporation, be administered by a Board of

The frst Board of Management of the Corporation shall be the Board of Management of the College holding office on the day preceding the date of commencement of this Act.