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Paragraph 7 THE BOARD AND THEIR GENERAL POWERS

Original text. Later amendments are not shown.

The Board may employ a secretary and such other officers and employees and engage the services of such persons as they think fit and may enter into such agreements, acquire such property and do such things as may, in their opinion, be necessary or desirable for the purpose of discharging any of their functions and may sell or otherwise dispose of any property acquired by them which they do not need for such purpose and, without prejudice to the generality of this provision, may–

(a)

acquire any interest in a body corporate;

(b)

form or take part in forming a body corporate;

(c)

transfer to any such body corporate any of their assets and arrange for it to discharge any of their liabilities.