5. Objects and powers of Polytechnic
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The objects of the Polytechnic are —
Polytechnic
“Polytechnic” means the Republic Polytechnic established under section 3;
to provide instruction and training in engineering, technology, applied sciences and other subjects of learning;
to aid by research and other means the advancement of knowledge and its practical application; and
to promote the exchange of knowledge and skills with business and industry.
The Polytechnic may —
provide any facilities for its students that it considers desirable;
institute and make appointments to academic and other posts and offices and employ any other staff that the Polytechnic considers necessary;
fix, demand and receive fees and other charges, including charges for the late payment of any such fee or charge;
provide technical and consultancy services to business and industry as it considers desirable;
form or participate in the formation of companies or other undertakings having such objects as the Board may approve;
solicit and receive donations and contributions from any source or raise funds by all lawful means;
give donations and contributions to any person or organisation; and
do all things that may be necessary, incidental or conducive to the attainment of all or any of its objects.
In subsection (2)(e), “company” —
has the meaning given by section 4(1) of the Companies Act 1967; and
includes a foreign company within the meaning of that Act.