5. General powers of the Corporation

Subject to the provisions of this Act and any other written law the Corporation shall have the power —

to acquire and hold any property, movable or immovable, which may become vested in it by virtue of any purchase, grant, gift, testamentary disposition or otherwise ;

to sell, mortgage, lease, exchange or otherwise dispose of any such property ;

to appoint, employ, remunerate, exercise disciplinary control over and dismiss such officers and servants as may be necessary for the purpose of carrying out the objects of the Corporation ;

to receive grants, gifts or donations in cash or kind whether from local or foreign sources;

to open, operate and close bank accounts and to borrow or raise money with or without security ;

to invest moneys belonging to the Corporation in such securities as may be determined by the Board.