Section 5

The Universiti shall be a body corporate having perpetual succession and have full power and authority —

to sue and be sued in its corporate name;

to have and use a common seal and may break, change, alter and make anew such seal as it shall think fit;

for the purposes of this Act and the Constitution and subject to the statutes and regulations, to purchase any property and to take, accept and hold any such property which may become vested in it by virtue of any such purchase, or by any exchange, grant, donation, lease, testamentary disposition or otherwise;

to sell, mortgage, lease, exchange or otherwise dispose of any such property;

to convey, assign, surrender, yield up, charge, sell, mortgage, lease, exchange, demise, write-off, reassign, transfer or otherwise dispose of, or deal with, any property of any description or any interest therein vested in the Universiti; and

to exercise and perform, in accordance with the provisions of this Act, the Constitution, the statutes and regulations, all powers and duties conferred or imposed upon the Universiti by such provisions.