5. General powers of the Coporotions,

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 arf necessary or the desirable for the promo-tion or furtherance of the objects of the Corporation or anyone of them, inciuding the power to open, operate and close bank accounts, to borrow or raise moneys, with or with-out security ; to rescind or collect grants and other assistance from the State or any other bodies or organizations, to invest its funds, and to engage, employ and dismiss officers and servants required for the carrying out of the objects of the

Corporation.

Institute of Engineering Diplomates, Sri Lanka 3

(Incorporation) Act, No. 64 of 1992