National Sports Institute Act 2011 · s 3

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s 3Establishment of the Institute

(1)

A body corporate by the name of “National Sports Institute”

is established.

(2)

The Institute shall have perpetual succession and a common seal and may sue and be sued in its name.

(3)

Subject to and for the purposes of this Act, the Institute may, upon such terms as it deems fit—

(a)

enter into contracts;

(b)

acquire, purchase, take, hold and enjoy movable and immovable property of every description; and

(c)

convey, assign, surrender, yield up, charge, mortgage, demise, lease, reassign, transfer or otherwise dispose of, or deal with, any movable or immovable property or any interest vested in the Institute.