4. Genera! powers of the Cor. poration

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, a5 are necessary and desirable for the promotion or furtherance of the object of the

Corporation, 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 invest

2 New Young Men’s Christian Association, Moratuwa

(Incorporation) Act, No. 26 of 1992

its funds, and to engage, employ and dismiss officers and ser-vants required for the purpose of carrying out of the object of the Corporation.