Section 3: Incidental powers of the Institute.

The Institute shall have the following incidental powers, that is to say, it may-(a)
obtain from any authority or person, charters and concessions necessary for the attainment of its purposes;
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(b) acquire from any person, by way of gift, purchase, exchange or lease whether absolutely or in trust, any property, real or personal, requisite or necessary to carry out the objects of the Institute, with power, subject to any trust, to hold or dispose of any such property;
(c) borrow money, make loans and guarantee loans made by others with the approval of the board without prejudice to any other provision of this Act relating to the provision of funds;
(d) do and perform anything necessary in the opinion of the Institute, to further the purpose and attain the objects of the Institute.