Powers and duties of Board

The powers and duties of the Board shall be— (a) to consider and review the financial requirements and approve the annual financial estimates of the University ; (b) to provide for the administration of any funds placed at the disposal of the University for the purposes intended ; (c) to arrange for the investment and withdrawal of funds of the University ; (d) to borrow money for capital improvements and to make suitable arrangements for its repayment ; (e) to acquire, hold and dispose of property on behalf of the University ; (f) to determine the form, provide for the custody, and regulate the use, of the common seal of the University ; (g) to appoint such committees, either standing or temporary, as it may consider necessary and specify the terms of reference thereof subject to the provisions of this Act and the statutes ; (h) to determine and regulate all questions of policy relating to the University in accordance with the provisions of this Act and the statutes;