Cap. 350 Art. 32Powertoacquireor dispose of property.

(1) Subject to the provisions of the last preceding article, the Authority may, for the purpose of the due and efficient discharge of its functions under this Act -

(a) purchase or otherwise acquire and hold any movable property and dispose of any such property; and

(b) purchase or otherwise acquire and hold any lands or other immovable property or interest therein and take any such property on lease or any title whatsoever.

(2) The Authority may, with the written approval of the Prime Minister, alienate any lands or other immovable property or any interest therein, in whichever way acquired by the Authority, and may also, with the consent of the Prime Minister, grant a lease of such lands or property for any period.