Section 7: Powers of the Board

The Board shall have power to-(a) erect, provide, equip and maintain training schools, with libraries, lecture halls, halls of residence, refectories, sports grounds, playing fields, and such other buildings or things as are necessary, suitable or required for any of the objects of the Centre;
(b) establish Man O'War clubs and associations and formulate policy guidelines for running such clubs and associations;
(c) encourage and provide for research at the Centre;
(d) accept gifts, legacies and donations which are consistent with the objects of the Centre;
(e) enter into contracts;
(f) acquire and hold movable and immovable property;
(g) subject to the Land Use Act, and with the approval in writing of the Minister, sell, mortgage, transfer or otherwise deal with movable and immovable property;
[Cap. L5.]
(h) with the approval of the Minister, borrow at interest on the security of land or movable property of the Board such moneys as the Board may require for the purposes of this Act;
(i) with the approval of the Minister, invest the funds of the Board as it thinks fit; and
(j) do anything which in its opinion may advance the objects for which the Centre was set up.