7. Corporation may hold and dispose of property movable or immovable

The Corporation shall, subject to the rules of the

Corporation be able and capable in law to take and hold any property, movable or immvoable. 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 purposes of this Act, and subject to the rules in force for the time being of the said Corporation, with full power to sell, mortgage, lease, exchange or otherwise dispose of the same.