7. The Board shall have the power"
| (a) to acquire, whether by gift, grant, testamentary disposition or otherwise hold and manage, any movable or immovable property; |
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| (b) to sell, mortgage, lease, grant, convey, devise, assign, exchange or otherwise dispose of any movable or immovable property belonging to the Fund ; |
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| (c) to give grants, endowments or scholarships for the furtherance of the purposes of the Fund; |
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| (d) to enter into or perform, either directly or through officers and servants or agents authorized in writing in that behalf by the Board, all such contracts and agreements as may be necessary for the exercise, discharge and performance of the powers, functions and duties of the Fund and in carrying out the purposes of the Fund ; |
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| (e) to set up institutions for the protection and fostering of the Buddha Sasana and to assist in the management of the institutions engaged in the protection and fostering of the Buddha Sasana; |
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| (f) to make rules in relation to all matters connected with the administration of the Fund; |
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| (g) to open, operate and close bank accounts and to borrow or raise money with the property of the Fund as security, or without such security, for the purposes of the Fund ; and |
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| (h) to do all such other acts and things as are incidental or conducive to the carrying out of the purposes of the Fund- |
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Sri Lanka Consolidated Acts