SCHEDULE 1NLS
General powers
I111
1
NLS may do anything which appears to it—
a
to be necessary or expedient for the purpose of, or in connection with, the exercise of its functions,
b
to be conducive to the exercise of its functions.
2
In particular, NLS may—
a
enter into contracts,
b
with the approval of the Scottish Ministers, acquire and dispose of land,
c
borrow money from the Scottish Ministers or, with the approval of the Scottish Ministers, from other persons,
d
enter into any business or undertaking,
e
form, promote or acquire (whether alone or with others) companies (within the meaning of the Companies Act 2006 (c.46)),
f
enter into joint ventures with others,
g
undertake or execute any charitable trust,
h
invest sums not immediately required in relation to the exercise of its functions,
i
accept gifts of money and other property,
j
obtain advice or assistance from any person who, in NLS's opinion, is qualified to give it,
k
carry out or commission research,
l
issue publications,
m
make charges for access to the collections,
n
make other charges in connection with the exercise of its functions (including charges for the provision of goods and services).
3
For the purposes of sub-paragraph (2)(g), a trust is a charitable trust if all its purposes are within section 7(2) of the Charities and Trustee Investment (Scotland) Act 2005 (asp 10).