Section 8: Powers of board

Subject to this Act, for the purpose of the administration, control and management of the trust property the board may (a) sue and be sued in its corporate name; (b) acquire by purchase, gift or otherwise or hold lands and rights, easements or interests therein or thereover and any other property; (c) erect, alter, enlarge or improve any building or other erection upon any part of the trust property; (d) with the consent of the Minister, borrow and raise money upon such terms and conditions as may be approved by the Minister; except that the board shall not permit any mortgage or other charge whether legal or equitable to be created so as to affect the scheduled property or any part of it; (e) sell, lease, dispose of or otherwise deal in the trust property or any part of it; except that the board shall not sell, lease, dispose of or otherwise deal in the scheduled property or any part of it; (f) invest any monies not immediately required in and upon any investment for the time being authorised by law for the investment of trust monies and vary any such investment; (g) plant, drain, level and otherwise improve and alter any land forming part of the trust property; (h) employ upon such terms and conditions as it may determine such managers, agents, servants or workers as may be necessary; (i) from time to time hire or permit the use of such part of the trust property as consists of land, buildings or equipment to or by any person for the purpose of conducting any athletic or sporting contests or games, at such fee, if any, as the board may from time to time determine; (j) from time to time use the trust property or any part of it for the purpose of promoting and holding any athletic or sporting contests or games; (k) from time to time use the trust property or any part of it for the purpose of promoting and holding a parade, exhibition, fete, bazaar or any other function for which the trust property or any part of it is or becomes suitable, or hire or permit the use of such part of the trust property as consists of land, buildings and equipment to or by any person for any such purpose, at such fee, if any, as the board may from time to time determine; (l) make charges for admission to that trust property or any part of it of persons desiring to witness any athletic contests, any games or any other function, or in its discretion, permit any person or body of persons to whom the trust property or any part of it has been let, hired or permitted to be used under paragraphs (i), (j) and (k) of this section to make such charges; (m) support and aid in the establishment and support, whether by the grant or loan, with or without interest, of monies or otherwise, of any association or body formed for the purpose of promotion and encouragement of athletic sport and games; (n) do all such acts, matters and things as may be necessary for carrying out the provisions and purposes of this Act.