Section 4: Functions of the Board

It shall be the duty of the Board to-(a) control the use of and maintain the Square for the purpose of important national celebrations, open air rallies, festivals and other similar purposes;
(b) carry on the business of real estate;
(c) develop the Square to an efficient city centre;
(d) invest in bonds and securities;
(e) appoint such qualified persons as it may determine as employees of the Board to assist the general manager in the exercise of his functions under this Act;
(f) carry out such other activities as are necessary or expedient for the full discharge of all or any of the functions conferred on it under this Act.