13. The Board shall, for the purposes of discharging its functions, have the power-
| (a) to grant loans or financial assistance to individuals and to housing finance corporations ; |
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| (b) to acquire, hold, take on lease or hire, sell, mortgage or otherwise dispose of, any movable or immovable property ; |
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| (c)to enter into and perform, either directly or through any officer or agent authorised in that behalf, all such contracts or agreements as may be necessary for that purpose; |
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| (d) to employ such officers and servants as may be necessary for such purpose ; |
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| (e) to make rules in relation to its officers and servants, including their appointment, promotion, remuneration, disciplinary control and the grant of leave to them ; |
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| (f) to establish a provident fund or pension scheme for its officers and servants, to make contributions to such fund or scheme and to provide welfare and recreation facilities to such officers and servants ; |
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| (g) to make charges for any services provided by the Corporation; |
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| (h) to guarantee any loans or financial accommodation granted to housing finance corporations; |
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| (i) to underwrite the issue of stocks, shares, bonds, debentures and securities of housing finance corporations and companies having as their object, the development of housing; |
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| (j) to accept term deposits from the public for such periods as may be determined by the Board and to pay interest on such deposits ; |
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| (k) to invest the funds of the Corporation in such securities as it may think fit; |
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| (l) to borrow money on such terms and conditions as are recognized as sound financial practice and approved by the Minister in charge of the subject of Finance ; |
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| (m) to receive gifts, grants and donations, whether in cash or otherwise, and to apply them to such purposes |
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Sri Lanka Consolidated Acts