Sri Lanka Consolidated Acts

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International Irrigation Management Institute Act (No. 6 of 1985) - Sect 7

Power of the Institute

7. The Institute shall have all such powers as may be necessary for the attainment of its objectives, and in particular may -
(a) acquire, obtain or receive from any government, international organization, or any agency, instrumentality or political sub-division thereof, or from any person, body of persons, corporation or other legal entity (whether by way of grant, gift, purchase, exchange, lease, devise, bequest Or otherwise, and whether absolutely or in trust) such charters, franchises, licences, privileges, concessions, assistance, funds, and such property, immovable or movable or rights therein, and such other rights and assets as may be necessary or useful for or conducive to the attainment of the objectives of the Institute;
(b) acquire, hold, own, use, operate, lease or otherwise dispose of both immovable and movable property, funds, rights and assets of the Institute;
(c) invest the funds of the Institute, operate bank accounts, borrow money, obtain credit, issue evidences of indebtedness, and mortgage, pledge or grant rights in any property, rights or assets of the Institute as security for the debts and obligations of the Institute;
(d) construct, purchase, install and obtain all such buildings, structures, plant, machinery, equipment and facilities as may be necessary or useful for or conducive to the attainment of the objectives of the Institute;
(e) appoint, employ, remunerate, dismiss and exercise disciplinary control over such officers, consultants, servants and agents as may be necessary 01: useful for or conducive to the attainment of the objectives of the Institute;
(f) enter into, perform and carry out, either directly or through an officer Or agent authorized in that behalf by the Institute, all such contracts and agreements as may be necessary or useful for or conducive to the attainment of the objectives of the institute;
(g) provide funds supplies and services in support of the activities and programmes of the institutions, agencies and centre co-operating with the Institute;
(h) Establish and develop relationships and arrangements for collaboration and co-operation with organizations, institutions and agencies both in host countries and elsewhere, for purposes necessary or useful for or conducive to the attainment of the objectives of the Institute; and
(i) do and perform all such other acts and things as are useful for or incidental Or conducive to the attainment of the objectives of the Institute.


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