Section 5: Functions of the Council.

(1) Subject to the provisions of this Act, the Council shall be the governing body of the College and shall control the management of the affairs, property and finances of the College and shall promote the interest of the College.
(2) The Council may acquire and hold such movable or immovable property as may be necessary or expedient for carrying into effect the provisions of this Act and may, for the same purpose sell, lease, mortgage or otherwise alienate or dispose of any property so acquired.
(3) The Council may enter into such contracts as may be necessary or expedient for carrying into effect the provisions of this Act.