6. Power of the Corpora-tion to acquire property, invest funds and raise loans &c

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

to purchase, acquire, rent, construct and otherwise obtain lands or buildings which may be required for the purposes cf the Corporation

to borrow or raise money for the purposes of th Cor-poration ;

to make. draw, accept, discount, endorse, negotiate, buy, sell and issue bills of exchange, cheques, pro-missory notes and other negotiable instruments and to open, operate, maintain and close bank accounts ;

to invest any funds not immediately required for the purposes of the Corporation in such manner as the

to solicit and receive subscriptions, grants, donations and gifts of all kinds ;

to enter into agreements or contracts with any per-son, company or bedy of persons ;

to undertake, accept, execute, perform and adminis-ter any lawful trusts and conditions affecting any real or personal property

to appoint, empioy, dismiss or terminate the services of officers and servants of the Corporation, and to pay them such salaries, allowances and gratuities as may be determined by the Corporation

to train personnel in Sri Lanka or abroad for the purpose of the Corporation; and

to do all other things necessary or expedient for the proper and effective carrying out of the objects of the Corporation.