4. General powers of

The Corporation shall have the power to do, perform and execute ail such acts, matters, and things whatsoever, as are necessary or desirable for the promotion or further-Corporation.

ence of the objects of the Corporation or any one of them including the power to open, operate and close bank ac-~

counts, to borrow or raise any money with or without secu-rity, to receive or collect grants and donations, to invest its funds, and to engage, employ and dismiss personnel required for the carrying out of the objects of the Corporation.

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General Council.

The affairs of the Corporation shall, subject to the tules in force for the time being of the Corporation, be administered by a General Council consisting of such number of persons to be elected in accordance with the rules in force for the time being of the Corporation.

The first General Council of the Corporation shall be the members of the General Council of the Association holding office on the date of the coming into operation of this Act.