Section 3
of Housing Development Corporation Ordinance, 2002
Section 3
—
(1)
There is established a body which shall be known as the “Housing Development Corporation” which shall be a body corporate with perpetual succession and a corporate seal and shall, by that name, be capable of—
(a)
suing and being sued;
(b)
entering into contracts, and acquiring, owing, holding, leasing, dealing or disposing of property, both movable and immovable; and
(c)
doing and suffering such other acts or things as bodies corporate may lawfully do and suffer.
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(2)
The Corporation shall have a corporate seal and such seal may from time to time be broken, changed, altered and made anew as to the Corporation seems fit, and, until a seal is provided under this section, a stamp bearing the inscription “Housing Development
Corporation” may be used as the corporate seal.
(3)
The Corporation shall, for the purposes of any written law relating to land, be deemed to be a native.