5(1) The Medical Council of New Brunswick, continued by section 6 of the previous Act, is hereby continued as a body corporate and politic without share capital, to be called the College of Physicians and Surgeons of New Brunswick
5(2) The College shall have perpetual succession and a common seal, with power to acquire, hold, lease, mortgage and otherwise dispose of real and personal property, and may sue and be sued.
5(3) The objects of the College are
(a) to regulate the practice of medicine and to govern its members and associate members in accordance with this Act and the regulations,
(b) to establish, maintain and develop standards of knowledge and skill among its members and associate members,
(c) to establish, maintain and develop standards of qualification and practice for the practice of medicine,
d) to establish, maintain and develop standards of professional ethics among its members and associate members,
e) to administer this Part and perform such other duties and exercise such other powers as are imposed or conferred on the College by or under any Act, and
(f) such other objects relating to human health care as the Council considers desirable,
in order that the public interest may be served and protected.
5(4) In addition to any other power conferred by this or any other Act, the College may do such things as it considers appropriate to advance the objects of the College and in particular, but not so as to limit the foregoing, the College may
(a) purchase, take in, lease, exchange, hire, construct and otherwise acquire and hold, sell, mortgage, hypothecate, lease out or otherwise deal with any real or personal property;
(b) draw, make, accept, endorse, discount, execute, and issue promissory notes, bills of exchange, warrants and other negotiable and transferable instruments;
(c) engage such servants and employees as may from time to time be deemed expedient;
(d) expend the moneys of the College in the advancement of its objects and the interests
of the medical and osteopathic professions in such manner as may seem expedient;
(e) establish and maintain such offices and agencies as may be deemed expedient;
(f) invest and deal with any moneys and funds of the College which are not immediately required, in such manner as may seem expedient;
(g) improve, manage, develop, exchange, dispose of, turn to account or otherwise deal with the real or personal property of the College;
(h) borrow money for the use of the College on its credit, limit or increase the amount to be borrowed, issue bonds, debentures, debenture stock and other securities on the credit of the College, and pledge or sell such securities for such sums or at such prices as may be deemed expedient; and
(i) do such things as are incidental or necessary to the exercise of these powers.