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—

borrow or raise money with or without security for the purpose of the Corporation ;

utilize the funds belonging to the Corporation in order to achieve the objects of the Corporation, in a manner determined by the Board of Directors ;

open, maintain and close bank accounts in any bank or banks as may be determined by the Board of

employ and dismiss officers and servants required for the carrying out of the objects of the

to liaise and co-ordinate with other local or foreign institutions which have similar objects ;