Section 8: Powers of the Board

The Board shall have power-
(a) to acquire offices and other premises for the use of the Mortgage Bank;
(b) to fix terms and conditions of service including remuneration of the employees of the Mortgage Bank;
(c) establish such zonal and other branches of the Mortgage Bank as it may deem necessary for the proper performance of its functions; and
(d) to do such other things as are necessary for the successful performance of its functions under this Act.