7. Corporation may hold property movable and immovable

The Corporation shall be able and capable in law to take and hold any property movable and immovable which may become vested in it by virtue of any purchase, grant, gift, testamentary disposition, or otherwise, and all such property shall be held by the corporation for the purpose of this Act and subject to the rules in force for the time being of the Corporation, with full power to sell, mortgage, lease, exchange o1 otherwise dispose of the same.