Powers and functions
3 Powers and functions
To give effect to its purpose, the Association has the following powers and functions:
to acquire and dispose of any real or personal property, or any interest therein;
to solicit and receive donations and testamentary dispositions of money or any other real or personal property;
to enter into any joint ventures or projects with Government, any local government body, company or not‑for‑profit association where the Association contributes real or personal property, financial assistance or services to the venture or project;
to borrow moneys and provide such security for borrowed funds as the trustees consider appropriate;
to invest such of its funds as are not immediately required for its purpose in accordance with the powers and duties of a trustee under the Trustee Act 1936 with respect to the investment of the trust funds;
to let or sell any of the Association's real property to any eligible person on such terms as the trustees may determine;
to lend moneys or provide other financial assistance to any eligible person for the purchase of accommodation provided by or with the assistance of the Association;
with the concurrence of all of the trustees, to change the name of the Association at any time;
to do all ancillary or incidental things that are necessary or desirable to enable the Association to carry out its purpose.
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