5. The Authority shall have the following powers :-
| (a) to acquire and to hold, property, both movable and immovable, and to pledge or sell, mortgage, give on lease or hire, exchange or otherwise dispose of the same ; |
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| (b) to accept grants, gifts or donations of immovable or movable property from any government, persons or bodies of persons, in or outside Sri Lanka ; |
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| (c) to enter into, and perform all such contracts and agreements as may be necessary for the purposes of discharging its functions; |
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| (d) to appoint such officers and servants as may be necessary for the discharge of its functions and to exercise disciplinary control over, and dismiss, such officers and servants ; |
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| (e) to determine the remuneration payable to, and the terms and conditions of .service of. such officers and servants ; |
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| (f) to charge fees for services and facilities rendered or provided by it ; |
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| (g) to borrow or raise money, with or without security ; |
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| (h) to conduct training courses, workshops and symposia for the purposes of discharging its functions ; |
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| (i) to invest its unutilized moneys in such securities as may be approved by the Minister with the concurrence of the Minister in charge of the subject of Finance ; |
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| (j) to do all such other acts as may be necessary for, or conducive to, the discharge of it's functions. |
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Sri Lanka Consolidated Acts