9. Corporation may hold property movable or immovable

The Corporation shall-be able and capable in law to acquire and hold, any property, movable or immovable, which may become vested in it by virtue of any instrument of purchase, grant or lease or by’ virtue of any testamentary disposition or otherwise.

The Corporation shail have the power, from time to time, to mortgage, sell, grant, convey, devise, assign, exchange or otherwise dispose of any such property and to invest its funds in such manner as may be necessary or expedient as determined by the Council of the Corporation, for the futherance of its objects.