17.
—(1) The Board may —
(a)
enter into contracts and may acquire, purchase, take, hold and enjoy any property movable and immovable;
(b)
solely or in partnership, erect any building on or develop any immovable property vested in, belonging to or acquired by the Board; and
(c)
convey, assign, surrender and yield up, charge, mortgage, demise, reassign, lease, sub-lease or licence, transfer or otherwise dispose of, or deal with, any movable or immovable property vested in, belonging to or acquired by the Board upon such terms as the Board thinks fit.
(2) A property vested in the Board may be developed, disposed of or otherwise dealt with by the Board in the manner provided under subsection (1)(b) and (c) notwithstanding section 19 or a trust or condition (express or implied) prohibiting or restricting such development, disposal of or other dealing with the property.
[15B
[2/93]