Powers

For the purpose of fulfilling its functions and objects under this Act, the Board may, (a) provide finance in the form of loans; (b) guarantee loans from other sources; (c) borrow funds for the purposes of the business of the Authority from sources either in Belize or abroad and give security for any loans obtained; (d) furnish managerial, technical and administrative services; (e) acquire, hold, take or give on loans or hire, mortgage, pledge and sell or otherwise dispose of, any immovable or movable property; (f) open deposit accounts with any bank; (g) make appropriate provision for the welfare of employees of the Authority and of their dependents; (h) give any guarantee or indemnity to, and enter into any arrangements with, the Government, any local authority, or any body corporate or other person in order to obtain any rights, concessions and privileges that may seem to Belize Land Development Authority [CAP. 181 7 the Board to be conducive to any object of the Board; and (i) do all such other things as are incidental or conducive to the attainment of its purposes.