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2(1)The Council may, subject to sub-paragraph (3), do anything which is calculated to facilitate, or is incidental or conducive to, the carrying out of any of their functions.
(2)In particular, the Council may—
(a)acquire and dispose of land or other property;
(b)enter into contracts;
(c)invest sums not immediately required for the purpose of carrying out their functions;
(d)accept gifts of money, land or other property;
(e)form bodies corporate or associated or other bodies which are not bodies corporate;
(f)enter into joint ventures with other persons;
(g)subscribe for shares and stock; and
(h)borrow money.
(3)The consent of the Secretary of State is required for the exercise of any power conferred by sub-paragraph (2)(e), (f), (g) or (h).
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