2(1)A governing body incorporated under section 88(1) may do anything (including in particular the things referred to in the following sub-paragraphs) which appears to them to be necessary or expedient for the purpose of or in connection with the exercise of any of the functions conferred on them under or in pursuance of any enactment.
(2)A governing body so incorporated may—
(a)acquire and dispose of land and other property;
(b)enter into contracts, other than contracts of employment;
(c)invest any sums not immediately required for the purposes of carrying on any activities they have power to carry on;
(d)accept gifts of money, land and other property and apply it, or hold and administer it on trust, for any of those purposes; and
(e)do anything incidental to the conduct of the school.
(3)Sub-paragraphs (1) and (2) have effect subject to—
(a)any provisions of the instrument of government or articles of government for the school, and
(b)if the school has a delegated budget (as defined in section 115(b)) any provisions of the scheme falling within section 101(1) which covers the school.
(4)The governing body so incorporated of an aided school may enter into contracts for the employment of teachers and other staff, subject to any provisions of the articles of government for the school other than any provisions for the time being excluded by section 137(2) (aided schools having delegated budgets) from applying to the school.