6. Power of the Corporation 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 of the Corporation;

to borrow or raise money for the purposes of the

to make, draw, accept, discount, endorse, negotiate, buy, sell and issue bills of exchange, cheques, promissory 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 Council may think fit;

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

to enter into agreements or contracts with any person, company or body of persons;

to undertake, accept, execute, perform and administer any lawful trusts and conditions affecting any real or personal property;

to appoint, employ, dismiss or terminate the services of officers and servants of the

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.